Sezzle (NASDAQ:SEZL) Stock Price Up 5.4% - What's Next?

Sezzle Inc. (NASDAQ:SEZL - Get Free Report) shares were up 5.4% on Wednesday . The company traded as high as $129.73 and last traded at $129.44. Approximately 137,917 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 811,381 shares. The stock had previously closed at $122.83.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SEZL shares. Oppenheimer assumed coverage on Sezzle in a research note on Thursday. They issued an "outperform" rating and a $168.00 price objective for the company. Wall Street Zen lowered Sezzle from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, 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. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $96.94.

Sezzle Stock Down 4.7%

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 firm's 50-day moving average price is $79.22 and its 200 day moving average price is $56.56. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 14.21 and a beta of 9.06.

Sezzle announced that its Board of Directors has approved a share 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 generally an indication that the company's board believes its shares are undervalued.

Insiders Place Their Bets

In other Sezzle news, CFO Karen Hartje sold 311,196 shares of the company'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 transaction, the chief financial officer now directly owns 154,266 shares in the company, valued at approximately $11,080,926.78. This represents a 66.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Amin Sabzivand sold 1,684 shares of the firm'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 sale, the chief operating officer now directly owns 244,074 shares in the company, valued at $30,428,705.58. This represents a 0.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 443,080 shares of company stock valued at $34,247,838. Corporate insiders own 49.49% of the company's stock.

Hedge Funds Weigh In On Sezzle

A number of institutional investors have recently modified their holdings of the company. Rhumbline Advisers boosted its position in Sezzle by 649.1% during the first quarter. Rhumbline Advisers now owns 19,146 shares of the company's stock worth $668,000 after acquiring an additional 16,590 shares during the last quarter. Strs Ohio acquired a new position in Sezzle in the 1st quarter valued at $84,000. Acadian Asset Management LLC lifted its stake in shares of Sezzle by 719.1% during the 1st quarter. Acadian Asset Management LLC now owns 173,310 shares of the company's stock worth $6,040,000 after purchasing an additional 152,152 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Sezzle by 1,068.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 169,487 shares of the company's stock worth $5,913,000 after purchasing an additional 154,978 shares during the period. Finally, Millennium Management LLC boosted its holdings in shares of Sezzle by 321.7% during the first quarter. Millennium Management LLC now owns 115,525 shares of the company's stock worth $4,031,000 after purchasing an additional 88,127 shares during 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.