Sezzle (NASDAQ:SEZL) Research Coverage Started at Oppenheimer

Oppenheimer began coverage on shares of Sezzle (NASDAQ:SEZL) in a report published on Thursday morning, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $168.00 price target on the stock.

Several other equities research analysts have also recently issued reports on the stock. B. Riley reissued a “buy” rating and issued a $62.83 target price (up from $62.00) on shares of Sezzle in a research report on Wednesday, February 26th. Wall Street Zen lowered shares of Sezzle from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 22nd. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Sezzle has a consensus rating of “Buy” and a consensus target price of $96.94.

Sezzle Stock Performance

NASDAQ SEZL opened at $133.54 on Thursday. The business’s 50-day moving average price is $79.22 and its 200 day moving average price is $56.47. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54. Sezzle has a twelve month low of $11.67 and a twelve month high of $141.83. The company has a market capitalization of $4.45 billion, a PE ratio of 14.21 and a beta of 9.06.

Sezzle declared that its board has authorized a stock buyback plan on Monday, March 10th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 4.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other Sezzle news, COO Amin Sabzivand sold 9,000 shares of the business’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $81.86, for a total transaction of $736,740.00. Following the transaction, the chief operating officer now owns 277,074 shares in the company, valued at $22,681,277.64. The trade was a 3.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul Paradis sold 18,000 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $75.00, for a total value of $1,350,000.00. Following the completion of the sale, the director now owns 315,000 shares of the company’s stock, valued at approximately $23,625,000. This trade represents a 5.41% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 443,080 shares of company stock valued at $34,247,838. Company insiders own 49.49% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SEZL. Plato Investment Management Ltd purchased a new stake in Sezzle during the 4th quarter worth $30,000. Meeder Asset Management Inc. purchased a new stake in shares of Sezzle during the fourth quarter worth about $31,000. CWM LLC lifted its stake in shares of Sezzle by 49,400.0% in the first quarter. CWM LLC now owns 990 shares of the company’s stock worth $35,000 after acquiring an additional 988 shares in the last quarter. Federated Hermes Inc. lifted 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 acquiring an additional 143 shares in the last quarter. Finally, US Bancorp DE grew its stake in Sezzle by 465.6% during the 1st quarter. US Bancorp DE now owns 1,578 shares of the company’s stock valued at $55,000 after purchasing an additional 1,299 shares in the last quarter. 2.02% of the stock is currently owned by hedge funds and other institutional investors.

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.