Sezzle (NASDAQ:SEZL) Shares Down 6.5% – Should You Sell?

Sezzle Inc. (NASDAQ:SEZL) shares traded down 6.5% on Thursday . The stock traded as low as $230.39 and last traded at $222.01. 3,970 shares were traded during trading, a decline of 98% from the average session volume of 163,300 shares. The stock had previously closed at $237.34.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SEZL. Northland Securities boosted their price objective on shares of Sezzle from $300.00 to $360.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. B. Riley reaffirmed a “buy” rating and set a $377.00 price objective (up from $372.00) on shares of Sezzle in a research report on Wednesday, February 26th.

Sezzle Stock Down 7.4 %

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 company has a market cap of $1.24 billion, a PE ratio of 23.34 and a beta of 9.09. The company’s fifty day moving average is $261.43 and its 200-day moving average is $251.56.

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

Sezzle announced that its board has initiated a stock buyback program on Monday, March 10th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to purchase up to 4.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Sezzle

In related news, CFO Karen Hartje sold 3,457 shares of Sezzle stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $316.32, for a total transaction of $1,093,518.24. Following the transaction, the chief financial officer now owns 35,121 shares in the company, valued at approximately $11,109,474.72. The trade was a 8.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 57.65% of the company’s stock.

Institutional Investors Weigh In On Sezzle

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