Sezzle (NASDAQ:SEZL) Shares Down 4.6% – Here’s Why

Sezzle Inc. (NASDAQ:SEZL)’s stock price traded down 4.6% during mid-day trading on Thursday . The company traded as low as $227.49 and last traded at $230.96. 65,747 shares traded hands during trading, a decline of 50% from the average session volume of 132,730 shares. The stock had previously closed at $242.06.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. B. Riley reiterated a “buy” rating and issued a $372.00 price target (up from $353.00) on shares of Sezzle in a research note on Thursday, December 19th. Northland Securities raised their price target on Sezzle from $300.00 to $360.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th.

Sezzle Trading Up 0.1 %

The firm’s 50-day simple moving average is $288.75 and its 200 day simple moving average is $216.16. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.40 and a quick ratio of 2.40. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 24.89 and a beta of 9.72.

Sezzle (NASDAQ:SEZL) last posted its quarterly earnings results on Thursday, November 7th. The company reported $2.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $2.03. The company had revenue of $69.96 million during the quarter, compared to analysts’ expectations of $52.64 million. Sezzle had a return on equity of 101.18% and a net margin of 25.29%. During the same quarter in the previous year, the firm earned $0.23 EPS. Equities analysts expect that Sezzle Inc. will post 9.85 earnings per share for the current year.

Insider Buying and Selling at Sezzle

In related news, Director Kyle M. Brehm acquired 106 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was acquired at an average cost of $402.00 per share, for a total transaction of $42,612.00. Following the completion of the acquisition, the director now directly owns 3,608 shares of the company’s stock, valued at approximately $1,450,416. This trade represents a 3.03 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Paul Martin Purcell sold 1,280 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $376.26, for a total value of $481,612.80. Following the completion of the sale, the director now owns 81,496 shares in the company, valued at $30,663,684.96. This trade represents a 1.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,164 shares of company stock worth $4,303,725 over the last quarter. Corporate insiders own 57.65% of the company’s stock.

Hedge Funds Weigh In On Sezzle

Hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its position in Sezzle by 191.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 20,363 shares of the company’s stock valued at $3,474,000 after purchasing an additional 13,383 shares during the period. Calamos Advisors LLC acquired a new stake in shares of Sezzle during the fourth quarter worth $2,423,000. Navellier & Associates Inc. bought a new position in Sezzle during the third quarter worth $1,217,000. Principal Financial Group Inc. acquired a new position in Sezzle in the third quarter valued at $548,000. Finally, JPMorgan Chase & Co. boosted its position in Sezzle by 295.9% during the third quarter. JPMorgan Chase & Co. now owns 3,979 shares of the company’s stock valued at $679,000 after acquiring an additional 2,974 shares during the last quarter. 2.02% of the stock is currently owned by 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.