Sezzle (NASDAQ:SEZL) Trading Down 5.9% – What’s Next?

Sezzle Inc. (NASDAQ:SEZL) shares were down 5.9% during mid-day trading on Thursday . The company traded as low as $235.49 and last traded at $245.70. Approximately 35,914 shares traded hands during trading, a decline of 77% from the average daily volume of 156,279 shares. The stock had previously closed at $261.06.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SEZL shares. Northland Securities raised their target price on shares of Sezzle from $300.00 to $360.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. B. Riley reissued a “buy” rating and issued a $377.00 target price (up from $372.00) on shares of Sezzle in a research report on Wednesday, February 26th.

Sezzle Trading Down 13.4 %

The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54. The stock has a 50-day simple moving average of $265.08 and a two-hundred day simple moving average of $248.21. The firm has a market capitalization of $1.27 billion, a P/E ratio of 24.06 and a beta of 9.05.

Sezzle (NASDAQ:SEZL) last issued its earnings results on Tuesday, February 25th. The company reported $4.39 earnings per share for the quarter, beating analysts’ consensus estimates of $3.08 by $1.31. The business had revenue of $271.13 billion during the quarter, compared to analyst estimates of $73.90 million. Sezzle had a return on equity of 101.18% and a net margin of 25.29%. On average, equities research analysts anticipate that Sezzle Inc. will post 9.77 earnings per share for the current year.

Insider Activity at Sezzle

In related news, CFO Karen Hartje sold 3,457 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $316.32, for a total transaction of $1,093,518.24. Following the sale, the chief financial officer now owns 35,121 shares of the company’s stock, valued at $11,109,474.72. This trade represents a 8.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 57.65% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sezzle

A number of institutional investors have recently added to or reduced their stakes in SEZL. Plato Investment Management Ltd acquired a new stake in Sezzle in the fourth quarter worth about $30,000. Meeder Asset Management Inc. acquired a new stake in Sezzle in the fourth quarter worth about $31,000. Covestor Ltd acquired a new stake in Sezzle in the third quarter worth about $38,000. Federated Hermes Inc. raised its stake in shares of Sezzle by 3,575.0% in the fourth quarter. Federated Hermes Inc. now owns 147 shares of the company’s stock worth $38,000 after purchasing an additional 143 shares during the last quarter. Finally, Modus Advisors LLC purchased a new position in shares of Sezzle in the fourth quarter worth about $80,000. Institutional investors own 2.02% of the company’s stock.

Sezzle Company Profile

Sezzle Inc operates as a technology-enabled payments company primarily in the United States and Canada. The company provides payment solution in-store and at online retail stores; and through proprietary payments solution that connects consumers with merchants. It also offers Sezzle Platform that provides a payments solution for consumers that extends credit at the point-of-sale allowing consumers to purchase and receive the ordered merchandise at the time of sale while paying in installments over time; Pay-in-Four, which allows consumers to pay a fourth of the purchase price up front and then another fourth of the purchase price every two weeks thereafter over a total of six weeks; Pay-in-Full that allows consumers to pay for the full value of their order up-front through the Sezzle Platform without the extension of credit; and Pay-in-Two and other alternative installment options, which allow consumer to pay half of the value of their order up-front and the second half in two weeks.