Sezzle (NASDAQ:SEZL) Sets New 52-Week High - What's Next?

Shares of Sezzle Inc. (NASDAQ:SEZL - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $113.12 and last traded at $112.85, with a volume of 474501 shares. The stock had previously closed at $110.36.

Analysts Set New Price Targets

SEZL has been the topic of several recent research reports. B. Riley reaffirmed a "buy" rating and issued a $62.83 price target (up from $62.00) on shares of Sezzle in a research note on Wednesday, February 26th. Wall Street Zen cut Sezzle from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd.

Sezzle Stock Performance

The stock has a market capitalization of $3.52 billion, a PE ratio of 11.24 and a beta of 8.41. The business has a 50 day moving average price of $60.84 and a 200 day moving average price of $52.63. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.40 and a quick ratio of 2.40.

Sezzle (NASDAQ:SEZL - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.51 by $0.22. Sezzle had a return on equity of 101.18% and a net margin of 25.29%. The company had revenue of $271.13 billion for the quarter, compared to analysts' expectations of $73.90 million. As a group, equities research analysts expect that Sezzle Inc. will post 9.77 earnings per share for the current year.

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

Insider Activity at Sezzle

In other Sezzle news, Director Paul Paradis sold 18,000 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $75.00, for a total value of $1,350,000.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Karen Hartje sold 311,196 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $71.83, for a total value of $22,353,208.68. Following the sale, the chief financial officer now owns 154,266 shares of the company's stock, valued at approximately $11,080,926.78. This represents a 66.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 441,396 shares of company stock valued at $34,037,893 over the last ninety days. Insiders own 49.49% of the company's stock.

Institutional Investors Weigh In On Sezzle

A number of large investors have recently made changes to their positions in the company. Plato Investment Management Ltd purchased a new position in shares of Sezzle during the 4th quarter valued at about $30,000. Meeder Asset Management Inc. purchased a new position in Sezzle in the 4th quarter worth approximately $31,000. CWM LLC lifted its holdings in Sezzle by 49,400.0% in the 1st quarter. CWM LLC now owns 990 shares of the company's stock worth $35,000 after purchasing an additional 988 shares in the last quarter. Federated Hermes Inc. lifted its holdings in Sezzle by 3,575.0% in the 4th quarter. Federated Hermes Inc. now owns 147 shares of the company's stock worth $38,000 after purchasing an additional 143 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in Sezzle by 465.6% in 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.