Sezzle (NASDAQ:SEZL) Trading Down 5.6% – Should You Sell?

Sezzle Inc. (NASDAQ:SEZL) was down 5.6% during trading on Wednesday . The company traded as low as $241.67 and last traded at $236.49. Approximately 11,619 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 115,660 shares. The stock had previously closed at $250.49.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Northland Securities upped their target price on shares of Sezzle from $300.00 to $360.00 and gave the company 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 note on Wednesday, February 26th.

Sezzle Trading Down 4.8 %

The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.40 and a current ratio of 2.40. The stock has a market capitalization of $1.27 billion, a PE ratio of 23.99 and a beta of 9.09. The business’s 50-day moving average is $257.07 and its two-hundred day moving average is $258.47.

Sezzle (NASDAQ:SEZL) last released its earnings results on Tuesday, February 25th. The company reported $4.39 EPS for the quarter, topping 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 company had revenue of $271.13 billion during the quarter, compared to analysts’ expectations of $73.90 million. As a group, equities research analysts anticipate that Sezzle Inc. will post 9.77 earnings per share for the current year.

Sezzle declared that its Board of Directors has authorized a share buyback program on Monday, March 10th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to buy up to 4.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Sezzle

In other Sezzle news, CFO Karen Hartje sold 3,457 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $316.32, for a total value of $1,093,518.24. Following the completion of the transaction, the chief financial officer now directly owns 35,121 shares of the company’s stock, valued at approximately $11,109,474.72. This trade represents a 8.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 57.65% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sezzle

Several institutional investors have recently modified their holdings of SEZL. Charles Schwab Investment Management Inc. raised its holdings in Sezzle by 191.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 20,363 shares of the company’s stock worth $3,474,000 after purchasing an additional 13,383 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Sezzle by 28.0% in the fourth quarter. Bank of New York Mellon Corp now owns 6,304 shares of the company’s stock valued at $1,613,000 after buying an additional 1,378 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Sezzle by 295.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,979 shares of the company’s stock worth $679,000 after buying an additional 2,974 shares during the last quarter. Barclays PLC boosted its position in shares of Sezzle by 125.4% in the 3rd quarter. Barclays PLC now owns 4,515 shares of the company’s stock worth $771,000 after buying an additional 2,512 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in Sezzle in the 3rd quarter valued at about $276,000. 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.