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

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SEZL. Wall Street Zen downgraded shares of Sezzle from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. B. Riley restated a "buy" rating and set a $62.83 price objective (up from $62.00) on shares of Sezzle in a research report on Wednesday, February 26th. Finally, Oppenheimer assumed coverage on shares of Sezzle in a research report on Thursday. They issued an "outperform" rating and a $168.00 price target for the company. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Sezzle has an average rating of "Buy" and an average price target of $96.94.

Sezzle Trading Up 9.7%

The business has a 50 day simple moving average of $79.22 and a 200 day simple moving average of $56.38. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.40 and a quick ratio of 2.40. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 15.58 and a beta of 9.06.

Sezzle declared that its board has initiated a stock repurchase program on Monday, March 10th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the company to buy up to 4.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.

Insider Activity

In other Sezzle news, COO Amin Sabzivand sold 1,684 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $124.67, for a total transaction of $209,944.28. Following the completion of the sale, the chief operating officer now directly owns 244,074 shares of the company's stock, valued at approximately $30,428,705.58. The trade was a 0.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Paul Paradis sold 18,000 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $75.00, for a total transaction of $1,350,000.00. Following the transaction, the director now owns 315,000 shares in the company, valued at approximately $23,625,000. The trade was a 5.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 443,080 shares of company stock valued at $34,247,838. Company insiders own 49.49% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Plato Investment Management Ltd bought a new stake in Sezzle in the fourth quarter valued at about $30,000. Meeder Asset Management Inc. bought a new position in Sezzle during the 4th quarter worth approximately $31,000. CWM LLC boosted its stake in Sezzle by 49,400.0% during 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. Federated Hermes Inc. grew its holdings in Sezzle by 3,575.0% during the fourth quarter. Federated Hermes Inc. now owns 147 shares of the company's stock valued at $38,000 after purchasing an additional 143 shares during the period. Finally, US Bancorp DE increased its stake in Sezzle by 465.6% in the first quarter. US Bancorp DE now owns 1,578 shares of the company's stock valued at $55,000 after purchasing an additional 1,299 shares in the last quarter. Institutional investors and hedge funds 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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