Sezzle (NASDAQ:SEZL) Shares Gap Up - Time to Buy?

Sezzle Inc. (NASDAQ:SEZL - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $38.61, but opened at $41.15. Sezzle shares last traded at $39.15, with a volume of 195,374 shares.

Analyst Upgrades and Downgrades

Separately, B. Riley reaffirmed a "buy" rating and set a $62.83 price target (up previously from $62.00) on shares of Sezzle in a research note on Wednesday, February 26th.

Sezzle Price Performance

The firm has a market capitalization of $1.52 billion, a P/E ratio of 4.77 and a beta of 8.73. 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 stock's fifty day simple moving average is $41.71 and its 200 day simple moving average is $44.27.

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

Sezzle declared that its board has authorized a share repurchase program on Monday, March 10th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

Institutional Trading of Sezzle

Several institutional investors have recently bought and sold shares of SEZL. Plato Investment Management Ltd purchased a new stake in Sezzle during the 4th quarter worth approximately $30,000. Meeder Asset Management Inc. acquired a new stake in shares of Sezzle in the fourth quarter worth approximately $31,000. Federated Hermes Inc. boosted its stake in shares of Sezzle by 3,575.0% in the fourth quarter. Federated Hermes Inc. now owns 147 shares of the company's stock worth $38,000 after acquiring an additional 143 shares during the last quarter. Modus Advisors LLC purchased a new stake in shares of Sezzle during the fourth quarter worth approximately $80,000. Finally, Principal Securities Inc. acquired a new position in Sezzle in the 4th quarter valued at $84,000. 2.02% of the stock is owned by institutional investors and hedge funds.

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.