Share Repurchase Program Initiated by Sezzle (NASDAQ:SEZL) Board of Directors

Sezzle (NASDAQ:SEZL) announced that its board has authorized a stock buyback plan on Monday, March 10th, RTT News reports. The company plans to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Sezzle Stock Performance

NASDAQ SEZL opened at $237.34 on Thursday. Sezzle has a fifty-two week low of $40.39 and a fifty-two week high of $477.52. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 25.25 and a beta of 9.09. The business has a fifty day moving average of $261.43 and a 200-day moving average of $251.56. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54.

Sezzle (NASDAQ:SEZL) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $4.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $1.31. Sezzle had a return on equity of 101.18% and a net margin of 25.29%. The business had revenue of $271.13 billion for the quarter, compared to analysts’ expectations of $73.90 million. As a group, analysts predict that Sezzle will post 9.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Transactions at Sezzle

In other news, CFO Karen Hartje sold 3,457 shares of the firm’s stock in a transaction on 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 in the company, valued at $11,109,474.72. This trade represents a 8.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 57.65% of the company’s stock.

About Sezzle

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.