Sezzle (NASDAQ:SEZL) Coverage Initiated by Analysts at Oppenheimer

Equities researchers at Oppenheimer began coverage on shares of Sezzle (NASDAQ:SEZL) in a note issued to investors on Thursday,Briefing.com Automated Import reports. The brokerage set an “outperform” rating and a $168.00 price target on the stock. Oppenheimer’s price target would indicate a potential upside of 28.05% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Wall Street Zen cut Sezzle from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 22nd. B. Riley reaffirmed a “buy” rating and set a $62.83 price target (up previously from $62.00) on shares of Sezzle in a research report on Wednesday, February 26th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Sezzle has a consensus rating of “Buy” and a consensus price target of $96.94.

Sezzle Price Performance

SEZL stock opened at $131.20 on Thursday. The stock has a 50-day moving average price of $74.97 and a two-hundred day moving average price of $55.70. Sezzle has a 1 year low of $11.50 and a 1 year high of $134.99. The stock has a market cap of $4.37 billion, a PE ratio of 13.96 and a beta of 9.06. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54.

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

Insider Activity

In related news, CFO Karen Hartje sold 311,196 shares of the business’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $71.83, for a total transaction of $22,353,208.68. Following the transaction, the chief financial officer now directly owns 154,266 shares in the company, valued at approximately $11,080,926.78. The trade was a 66.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Amin Sabzivand sold 1,684 shares of the company’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $124.67, for a total transaction of $209,944.28. Following the sale, the chief operating officer now directly owns 244,074 shares in the company, valued at $30,428,705.58. This trade represents a 0.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 443,080 shares of company stock worth $34,247,838 in the last quarter. Corporate insiders own 49.49% of the company’s stock.

Institutional Investors Weigh In On Sezzle

Hedge funds have recently bought and sold shares of the company. Rhumbline Advisers increased its position in Sezzle by 649.1% during the first quarter. Rhumbline Advisers now owns 19,146 shares of the company’s stock worth $668,000 after buying an additional 16,590 shares during the last quarter. Strs Ohio bought a new position in shares of Sezzle during the 1st quarter worth approximately $84,000. Acadian Asset Management LLC boosted its stake in shares of Sezzle by 719.1% during the 1st quarter. Acadian Asset Management LLC now owns 173,310 shares of the company’s stock worth $6,040,000 after acquiring an additional 152,152 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Sezzle by 1,068.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 169,487 shares of the company’s stock worth $5,913,000 after acquiring an additional 154,978 shares during the last quarter. Finally, Millennium Management LLC raised its stake in Sezzle by 321.7% in the 1st quarter. Millennium Management LLC now owns 115,525 shares of the company’s stock valued at $4,031,000 after acquiring an additional 88,127 shares during the period. 2.02% of the stock is currently owned by institutional investors and hedge funds.

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.