Sezzle (NASDAQ:SEZL) Now Covered by TD Cowen

Key Points

• TD Cowen has initiated coverage of Sezzle (NASDAQ: SEZL) with a "hold" rating and set a price target of $82.00, indicating a potential downside of 7.97% from its current price.
• Despite TD Cowen's cautious stance, other analysts have varying opinions, with B. Riley upgrading their price target to $111.00 and Oppenheimer increasing theirs to $202.00 while maintaining a positive outlook.
• In the most recent earnings report, Sezzle surpassed earnings estimates with $0.69 earnings per share but reported a revenue of $60.31 million, significantly lower than the expected $93.33 million.

TD Cowen started coverage on shares of Sezzle (NASDAQ:SEZL - Free Report) in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm issued a hold rating and a $82.00 price target on the stock.

Other research analysts also recently issued reports about the stock. B. Riley raised their price objective on shares of Sezzle from $101.00 to $111.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Wall Street Zen cut shares of Sezzle from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Finally, Oppenheimer lifted their target price on shares of Sezzle from $168.00 to $202.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $113.75.

Sezzle Stock Down 2.2%

NASDAQ:SEZL traded down $2.00 on Thursday, hitting $88.09. The stock had a trading volume of 263,581 shares, compared to its average volume of 1,037,956. The company has a debt-to-equity ratio of 1.00, a quick ratio of 3.51 and a current ratio of 3.51. The stock has a market cap of $3.00 billion, a P/E ratio of 30.19 and a beta of 9.02. Sezzle has a 1 year low of $23.41 and a 1 year high of $186.74. The firm's fifty day simple moving average is $115.71 and its two-hundred day simple moving average is $93.25.

Sezzle (NASDAQ:SEZL - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.11. Sezzle had a net margin of 28.13% and a return on equity of 102.90%. The firm had revenue of $60.31 million during the quarter, compared to the consensus estimate of $93.33 million. Analysts predict that Sezzle will post 9.77 earnings per share for the current year.

Insider Transactions at Sezzle

In other Sezzle news, CFO Karen Hartje sold 5,484 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $168.02, for a total transaction of $921,421.68. Following the completion of the transaction, the chief financial officer owned 126,846 shares in the company, valued at $21,312,664.92. This trade represents a 4.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Amin Sabzivand sold 6,028 shares of the stock in a transaction on Friday, June 27th. The shares were sold at an average price of $164.23, for a total transaction of $989,978.44. Following the transaction, the chief operating officer owned 243,303 shares of the company's stock, valued at $39,957,651.69. This trade represents a 2.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 62,484 shares of company stock valued at $9,612,690 over the last three months. Corporate insiders own 49.49% of the company's stock.

Institutional Investors Weigh In On Sezzle

Several institutional investors have recently made changes to their positions in SEZL. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Sezzle in the 2nd quarter worth about $29,000. Spire Wealth Management bought a new stake in shares of Sezzle in the 2nd quarter worth about $32,000. Farther Finance Advisors LLC bought a new stake in shares of Sezzle in the 2nd quarter worth about $33,000. CWM LLC lifted its holdings in shares of Sezzle by 49,400.0% in the 1st quarter. CWM LLC now owns 990 shares of the company's stock worth $35,000 after acquiring an additional 988 shares during the last quarter. Finally, Sound Income Strategies LLC bought a new stake in Sezzle during the 2nd quarter valued at about $40,000. 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.