Sezzle (NASDAQ:SEZL) Sets New 52-Week High - Time to Buy?

Sezzle Inc. (NASDAQ:SEZL - Get Free Report)'s share price hit a new 52-week high on Monday . The company traded as high as $147.50 and last traded at $144.76, with a volume of 520289 shares traded. The stock had previously closed at $133.54.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Wall Street Zen lowered Sezzle from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. B. Riley reaffirmed a "buy" rating and set a $62.83 target price (up previously from $62.00) on shares of Sezzle in a research note on Wednesday, February 26th. Finally, Oppenheimer started coverage on Sezzle in a report on Thursday, June 12th. They issued an "outperform" rating and a $168.00 target price for the company. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Sezzle currently has an average rating of "Buy" and an average target price of $96.94.

Sezzle Stock Performance

The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $4.76 billion, a P/E ratio of 48.32 and a beta of 9.06. The company's 50 day moving average is $87.89 and its 200-day moving average is $58.65.

Sezzle declared that its Board of Directors has authorized a stock repurchase plan on Monday, March 10th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 4.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its shares are undervalued.

Insider Transactions at Sezzle

In other Sezzle news, CFO Karen Hartje sold 311,196 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $71.83, for a total value of $22,353,208.68. Following the completion of the sale, the chief financial officer now owns 154,266 shares of the company's stock, valued at approximately $11,080,926.78. This trade represents a 66.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Paul Paradis sold 18,000 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $75.00, for a total value of $1,350,000.00. Following the sale, the director now owns 315,000 shares of the company's stock, valued at approximately $23,625,000. This represents a 5.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 447,608 shares of company stock valued at $34,902,126 in the last 90 days. 49.49% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sezzle

Large investors have recently modified their holdings of the company. Plato Investment Management Ltd bought a new stake in Sezzle during the 4th quarter valued at $30,000. Meeder Asset Management Inc. acquired a new position in shares of Sezzle during the fourth quarter valued at about $31,000. CWM LLC grew its holdings in shares of Sezzle by 49,400.0% during the first quarter. CWM LLC now owns 990 shares of the company's stock valued at $35,000 after buying an additional 988 shares during the last quarter. Federated Hermes Inc. increased its position in shares of Sezzle by 3,575.0% during the fourth quarter. Federated Hermes Inc. now owns 147 shares of the company's stock worth $38,000 after acquiring an additional 143 shares in the last quarter. Finally, US Bancorp DE increased its holdings in Sezzle by 465.6% during the 1st quarter. US Bancorp DE now owns 1,578 shares of the company's stock worth $55,000 after purchasing an additional 1,299 shares in the last quarter. 2.02% of the stock is currently owned by institutional investors.

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.