Sezzle (NASDAQ:SEZL) Hits New 12-Month High - What's Next?

Sezzle Inc. (NASDAQ:SEZL - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $154.25 and last traded at $154.76, with a volume of 71540 shares. The stock had previously closed at $144.98.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SEZL. B. Riley reiterated a "buy" rating and issued a $62.83 target price (up from $62.00) on shares of Sezzle in a research note on Wednesday, February 26th. Oppenheimer initiated coverage on Sezzle in a research report on Thursday, June 12th. They issued an "outperform" rating and a $168.00 price target on the stock. Finally, Wall Street Zen downgraded Sezzle from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $96.94.

Sezzle Price Performance

The stock has a market cap of $5.15 billion, a price-to-earnings ratio of 52.23 and a beta of 9.06. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.62 and a quick ratio of 2.62. The stock's 50 day simple moving average is $92.17 and its two-hundred day simple moving average is $59.78.

Sezzle announced that its board has authorized a share buyback plan on Monday, March 10th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 4.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Insider Activity at Sezzle

In related news, COO Amin Sabzivand sold 9,000 shares of the business's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $81.86, for a total value of $736,740.00. Following the sale, the chief operating officer now owns 277,074 shares of the company's stock, valued at $22,681,277.64. The trade was a 3.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul Paradis sold 3,000 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $146.00, for a total value of $438,000.00. Following the transaction, the director now owns 269,000 shares of the company's stock, valued at $39,274,000. This represents a 1.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 447,608 shares of company stock valued at $34,902,126 over the last quarter. 49.49% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sezzle

Large investors have recently made changes to their positions in the company. Rhumbline Advisers grew its stake in Sezzle by 1.8% during the fourth quarter. Rhumbline Advisers now owns 2,556 shares of the company's stock worth $654,000 after buying an additional 45 shares during the last quarter. Principal Securities Inc. acquired a new position in shares of Sezzle in the 4th quarter worth approximately $84,000. Principal Financial Group Inc. increased its holdings in Sezzle by 11.6% during the 4th quarter. Principal Financial Group Inc. now owns 3,588 shares of the company's stock valued at $918,000 after purchasing an additional 373 shares in the last quarter. Bank of New York Mellon Corp raised its position in Sezzle by 28.0% in the 4th quarter. Bank of New York Mellon Corp now owns 6,304 shares of the company's stock valued at $1,613,000 after purchasing an additional 1,378 shares during the last quarter. Finally, Plato Investment Management Ltd bought a new position in Sezzle in the 4th quarter valued at $30,000. Institutional investors own 2.02% of the company's stock.

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.

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