Weiss Ratings Reaffirms “Hold (C+)” Rating for Sezzle (NASDAQ:SEZL)

Sezzle (NASDAQ:SEZL)‘s stock had its “hold (c+)” rating restated by investment analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

SEZL has been the subject of a number of other research reports. TD Cowen began coverage on Sezzle in a research report on Thursday, September 11th. They set a “hold” rating and a $82.00 price objective for the company. Oppenheimer lifted their price objective on Sezzle from $168.00 to $202.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. B. Riley lifted their price objective on Sezzle from $101.00 to $111.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. Wall Street Zen cut Sezzle from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Finally, Cowen started coverage on Sezzle in a research report on Thursday, September 11th. They set a “hold” rating for the company. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $113.75.

Sezzle Trading Down 1.4%

Shares of SEZL stock opened at $81.52 on Wednesday. Sezzle has a fifty-two week low of $24.86 and a fifty-two week high of $186.74. The stock has a market cap of $2.77 billion, a P/E ratio of 27.93 and a beta of 8.70. The business has a fifty day simple moving average of $95.75 and a 200-day simple moving average of $97.92. The company has a quick ratio of 3.51, a current ratio of 3.51 and a debt-to-equity ratio of 1.00.

Sezzle (NASDAQ:SEZL) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.11. The firm had revenue of $60.31 million during the quarter, compared to analysts’ expectations of $93.33 million. Sezzle had a return on equity of 102.90% and a net margin of 28.13%. On average, analysts forecast that Sezzle will post 9.77 earnings per share for the current fiscal year.

Insider Transactions at Sezzle

In other Sezzle news, Director Paul Paradis sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $91.62, for a total value of $274,860.00. Following the sale, the director directly owned 242,000 shares of the company’s stock, valued at approximately $22,172,040. This trade represents a 1.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Karen Hartje sold 5,484 shares of Sezzle stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $85.00, for a total value of $466,140.00. Following the completion of the transaction, the chief financial officer directly owned 116,053 shares in the company, valued at $9,864,505. This represents a 4.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,484 shares of company stock worth $1,853,220. 49.49% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sezzle

Several hedge funds and other institutional investors have recently modified their holdings of SEZL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Sezzle in the 4th quarter valued at about $691,000. California State Teachers Retirement System lifted its stake in shares of Sezzle by 1,406.4% in the 4th quarter. California State Teachers Retirement System now owns 2,576 shares of the company’s stock valued at $659,000 after purchasing an additional 2,405 shares in the last quarter. GAMMA Investing LLC lifted its position in Sezzle by 96,725.0% during the 1st quarter. GAMMA Investing LLC now owns 7,746 shares of the company’s stock worth $270,000 after acquiring an additional 7,738 shares in the last quarter. Rhumbline Advisers lifted its position in Sezzle by 649.1% during the 1st quarter. Rhumbline Advisers now owns 19,146 shares of the company’s stock worth $668,000 after acquiring an additional 16,590 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Sezzle during the 1st quarter worth approximately $747,000. 2.02% of the stock is owned by institutional investors and hedge funds.

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.