Sezzle (NASDAQ:SEZL) Stock Rating Reaffirmed by Northland Securities

Sezzle (NASDAQ:SEZL)‘s stock had its “outperform” rating reissued by Northland Securities in a research report issued to clients and investors on Monday, Benzinga reports. They currently have a $185.00 price objective on the stock, up from their previous price objective of $150.00. Northland Securities’ target price would suggest a potential upside of 4.54% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Northland Capmk raised Sezzle to a “strong-buy” rating in a research report on Tuesday, July 9th. B. Riley lifted their target price on Sezzle from $132.00 to $163.00 and gave the company a “buy” rating in a research report on Friday, August 23rd.

Sezzle Trading Up 7.9 %

NASDAQ SEZL opened at $176.97 on Monday. The company has a market cap of $1.00 billion and a price-to-earnings ratio of 77.62. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.37. Sezzle has a 52 week low of $7.15 and a 52 week high of $179.99. The business has a 50 day moving average price of $118.69 and a 200-day moving average price of $88.67.

Sezzle (NASDAQ:SEZL) last announced its earnings results on Wednesday, August 7th. The company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $1.33. The company had revenue of $55.97 million for the quarter, compared to analysts’ expectations of $43.35 million. Sezzle had a return on equity of 84.38% and a net margin of 21.77%. As a group, equities analysts expect that Sezzle will post 6.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Sezzle news, SVP Justin Krause sold 1,619 shares of the business’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $98.00, for a total value of $158,662.00. Following the transaction, the senior vice president now owns 16,533 shares of the company’s stock, valued at $1,620,234. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Sezzle news, SVP Justin Krause sold 1,619 shares of the business’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $98.00, for a total value of $158,662.00. Following the transaction, the senior vice president now owns 16,533 shares of the company’s stock, valued at $1,620,234. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Amin Sabzivand sold 1,500 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $147.10, for a total value of $220,650.00. Following the transaction, the chief operating officer now directly owns 51,748 shares in the company, valued at approximately $7,612,130.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 198,951 shares of company stock valued at $23,587,391. Insiders own 57.65% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Rhumbline Advisers purchased a new position in shares of Sezzle during the 2nd quarter valued at $203,000. Divisadero Street Capital Management LP bought a new stake in shares of Sezzle during the 2nd quarter valued at $356,000. XTX Topco Ltd bought a new stake in shares of Sezzle during the 2nd quarter valued at $544,000. Bank of New York Mellon Corp bought a new stake in shares of Sezzle during the 2nd quarter valued at $611,000. Finally, Vanguard Group Inc. bought a new stake in shares of Sezzle during the 1st quarter valued at $13,369,000. Hedge funds and other 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.