Sezzle (NASDAQ:SEZL) Shares Gap Down – What’s Next?

Sezzle Inc. (NASDAQ:SEZL)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $272.52, but opened at $258.24. Sezzle shares last traded at $249.65, with a volume of 44,912 shares traded.

Analysts Set New Price Targets

A number of research firms have issued reports on SEZL. B. Riley reiterated a “buy” rating and set a $377.00 price target (up previously from $372.00) on shares of Sezzle in a research note on Wednesday, February 26th. Northland Securities raised their target price on Sezzle from $300.00 to $360.00 and gave the company an “outperform” rating in a report on Thursday, December 19th.

Sezzle Stock Performance

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 company’s fifty day moving average price is $264.85 and its 200 day moving average price is $247.15. The company has a market cap of $1.50 billion, a PE ratio of 28.89 and a beta of 9.56.

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

Insider Activity at Sezzle

In related news, Director Kyle M. Brehm purchased 110 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was bought at an average price of $360.00 per share, for a total transaction of $39,600.00. Following the purchase, the director now directly owns 3,718 shares in the company, valued at approximately $1,338,480. This trade represents a 3.05 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Karen Hartje sold 3,457 shares of Sezzle stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 35,121 shares in the company, valued at $11,109,474.72. This trade represents a 8.96 % decrease in their position. The disclosure for this sale can be found here. 57.65% of the stock is currently owned by company insiders.

Institutional Trading of Sezzle

Large investors have recently bought and sold shares of the company. Plato Investment Management Ltd purchased a new position in shares of Sezzle during the 4th quarter valued at $30,000. Meeder Asset Management Inc. bought a new stake in Sezzle in the 4th quarter valued at about $31,000. Covestor Ltd purchased a new stake in Sezzle during the third quarter valued at about $38,000. Federated Hermes Inc. boosted its position in Sezzle by 3,575.0% during the fourth quarter. Federated Hermes Inc. now owns 147 shares of the company’s stock worth $38,000 after purchasing an additional 143 shares during the period. Finally, Modus Advisors LLC bought a new position in Sezzle during the fourth quarter worth about $80,000. 2.02% of the stock is 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.