Sezzle (NASDAQ:SEZL) Stock Price Up 5.7% - Here's What Happened

Sezzle Inc. (NASDAQ:SEZL - Get Free Report)'s share price traded up 5.7% during trading on Tuesday . The company traded as high as $41.60 and last traded at $41.69. 58,240 shares were traded during mid-day trading, a decline of 92% from the average session volume of 728,258 shares. The stock had previously closed at $39.43.

Wall Street Analyst Weigh In

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

Sezzle Stock Up 4.8 %

The firm has a market cap of $1.52 billion, a PE ratio of 4.77 and a beta of 8.73. The business's 50 day moving average price is $41.71 and its 200 day moving average price is $44.39. 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 announced its earnings results on Tuesday, February 25th. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.22. The business had revenue of $271.13 billion during the quarter, compared to analysts' expectations 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 expect that Sezzle Inc. will post 9.77 earnings per share for the current year.

Sezzle announced that its Board of Directors has initiated a stock repurchase program on Monday, March 10th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 4.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Institutional Investors Weigh In On Sezzle

A number of large investors have recently modified their holdings of the business. Prosperity Wealth Management Inc. grew its stake in Sezzle by 555.5% during the 1st quarter. Prosperity Wealth Management Inc. now owns 7,440 shares of the company's stock valued at $260,000 after acquiring an additional 6,305 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Sezzle during the 1st quarter worth approximately $747,000. Rhumbline Advisers grew its position in shares of Sezzle by 649.1% in the first quarter. Rhumbline Advisers now owns 19,146 shares of the company's stock valued at $668,000 after purchasing an additional 16,590 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Sezzle by 96,725.0% in the first quarter. GAMMA Investing LLC now owns 7,746 shares of the company's stock valued at $270,000 after purchasing an additional 7,738 shares during the last quarter. Finally, California State Teachers Retirement System lifted its position in Sezzle by 1,406.4% during the fourth quarter. California State Teachers Retirement System now owns 2,576 shares of the company's stock worth $659,000 after buying an additional 2,405 shares in the last quarter. Hedge funds and other institutional investors 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.