Sezzle (NASDAQ:SEZL) Trading 6.8% Higher – Still a Buy?

Sezzle Inc. (NASDAQ:SEZL)’s share price was up 6.8% during trading on Wednesday . The stock traded as high as $231.99 and last traded at $232.38. Approximately 32,418 shares changed hands during trading, a decline of 72% from the average daily volume of 114,687 shares. The stock had previously closed at $217.65.

Analyst Ratings Changes

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

Sezzle Trading Up 1.7 %

The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54. The stock has a market capitalization of $1.33 billion, a PE ratio of 25.10 and a beta of 9.05. The firm has a 50 day moving average price of $257.16 and a 200 day moving average price of $254.75.

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

Sezzle announced that its Board of Directors has approved a share buyback plan on Monday, March 10th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the company to repurchase up to 4.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Insider Activity at Sezzle

In other Sezzle 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 value of $1,093,518.24. Following the completion of the sale, the chief financial officer now directly 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 transaction was disclosed in a filing with the SEC, which is available through this link. 57.65% of the stock is currently owned by company insiders.

Institutional Trading of Sezzle

A number of large investors have recently bought and sold shares of the company. California State Teachers Retirement System increased its position in Sezzle by 1,406.4% in the fourth quarter. California State Teachers Retirement System now owns 2,576 shares of the company’s stock worth $659,000 after buying an additional 2,405 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Sezzle during the fourth quarter valued at $691,000. Voloridge Investment Management LLC bought a new stake in Sezzle during the fourth quarter valued at $2,762,000. Washington Harbour Partners LP bought a new stake in Sezzle during the fourth quarter valued at $396,000. Finally, Two Sigma Investments LP bought a new stake in Sezzle during the fourth quarter valued at $436,000. 2.02% of the stock is owned by hedge funds and other institutional investors.

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.