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.

Equities research analysts at TD Cowen assumed coverage on shares of Sezzle (NASDAQ:SEZL - Get Free Report) in a research note issued on Thursday,Benzinga reports. The brokerage set a "hold" rating and a $82.00 price target on the stock. TD Cowen's price target indicates a potential downside of 7.97% from the stock's current price.

SEZL has been the subject of a number of other reports. B. Riley raised their price objective on shares of Sezzle from $101.00 to $111.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Oppenheimer lifted their target price on shares of Sezzle from $168.00 to $202.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Finally, Wall Street Zen lowered shares of Sezzle from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Sezzle currently has a consensus rating of "Moderate Buy" and an average target price of $113.75.

Sezzle Price Performance

Shares of NASDAQ:SEZL opened at $89.10 on Thursday. The company has a quick ratio of 3.51, a current ratio of 3.51 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $3.03 billion, a PE ratio of 30.53 and a beta of 9.02. Sezzle has a twelve month low of $21.58 and a twelve month high of $186.74. The company has a 50-day moving average price of $121.24 and a two-hundred day moving average price of $91.81.

Sezzle (NASDAQ:SEZL - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.69 earnings per share 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 analyst estimates of $93.33 million. Sezzle had a net margin of 28.13% and a return on equity of 102.90%. Equities analysts forecast that Sezzle will post 9.77 EPS for the current year.

Insider Activity at Sezzle

In related news, Director Paul Paradis sold 3,000 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $91.62, for a total transaction 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 represents a 1.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Amin Sabzivand sold 6,028 shares of the stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $164.23, for a total transaction of $989,978.44. Following the sale, the chief operating officer directly owned 243,303 shares in the company, valued at $39,957,651.69. This trade represents a 2.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 65,484 shares of company stock valued at $10,050,690. 49.49% of the stock is owned by insiders.

Hedge Funds Weigh In On Sezzle

Several institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Sezzle by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,320 shares of the company's stock worth $338,000 after purchasing an additional 44 shares during the period. CWM LLC lifted its stake in shares of Sezzle by 8.1% in the 2nd quarter. CWM LLC now owns 1,070 shares of the company's stock worth $192,000 after purchasing an additional 80 shares during the period. Ameritas Investment Partners Inc. raised its stake in Sezzle by 8.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,508 shares of the company's stock worth $270,000 after acquiring an additional 122 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Sezzle during the 2nd quarter worth approximately $29,000. Finally, Spire Wealth Management bought a new stake in Sezzle during the 2nd quarter worth approximately $32,000. 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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