Sezzle (NASDAQ:SEZL) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of Sezzle (NASDAQ:SEZL) from a hold rating to a buy rating in a research note released on Saturday.

A number of other equities research analysts have also commented on the company. TD Cowen began coverage on Sezzle in a research report on Thursday, September 11th. They issued a “hold” rating and a $82.00 target price on the stock. UBS Group set a $110.00 price objective on shares of Sezzle in a report on Thursday. Weiss Ratings reissued a “hold (c+)” rating on shares of Sezzle in a report on Wednesday, October 8th. Cowen assumed coverage on shares of Sezzle in a research report on Thursday, September 11th. They set a “hold” rating for the company. Finally, B. Riley increased their price target on Sezzle from $101.00 to $111.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.00.

Sezzle Stock Performance

Shares of NASDAQ:SEZL traded up $1.25 on Friday, hitting $59.24. 1,337,112 shares of the company were exchanged, compared to its average volume of 962,666. Sezzle has a 1-year low of $24.86 and a 1-year high of $186.74. The stock’s 50 day moving average price is $80.20 and its 200 day moving average price is $104.03. The company has a current ratio of 3.51, a quick ratio of 3.51 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $2.02 billion, a P/E ratio of 18.33 and a beta of 8.63.

Sezzle (NASDAQ:SEZL) last released its earnings results on Tuesday, November 19th. The company reported $0.21 earnings per share (EPS) for the quarter. The firm had revenue of $40.84 million for the quarter. Sezzle had a return on equity of 98.04% and a net margin of 27.66%. Sell-side analysts predict that Sezzle will post 9.77 EPS for the current year.

Insider Transactions at Sezzle

In related news, Director Paul Paradis sold 3,000 shares of the company’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 completion of the transaction, the director owned 242,000 shares of the company’s stock, valued at approximately $22,172,040. This represents a 1.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Karen Hartje sold 5,484 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 116,053 shares in the company, valued at approximately $9,864,505. The trade was a 4.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 11,484 shares of company stock valued at $1,005,630. Insiders own 49.49% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Teacher Retirement System of Texas increased its holdings in Sezzle by 4,731.8% in the 1st quarter. Teacher Retirement System of Texas now owns 39,186 shares of the company’s stock worth $1,367,000 after acquiring an additional 38,375 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Sezzle by 550.7% during the first quarter. Principal Financial Group Inc. now owns 23,346 shares of the company’s stock worth $815,000 after purchasing an additional 19,758 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Sezzle by 518.0% during the 1st quarter. Bank of New York Mellon Corp now owns 38,960 shares of the company’s stock worth $1,359,000 after purchasing an additional 32,656 shares during the last quarter. Alps Advisors Inc. lifted its stake in Sezzle by 290.6% in the 1st quarter. Alps Advisors Inc. now owns 9,180 shares of the company’s stock valued at $320,000 after buying an additional 6,830 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its stake in Sezzle by 500.0% in the 1st quarter. New York State Common Retirement Fund now owns 4,800 shares of the company’s stock valued at $167,000 after buying an additional 4,000 shares in the last quarter. 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.