Sezzle (NASDAQ:SEZL) Sets New 12-Month High – Still a Buy?

Sezzle Inc. (NASDAQ:SEZL)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $104.10 and last traded at $99.11, with a volume of 1032472 shares changing hands. The stock had previously closed at $99.13.

Analysts Set New Price Targets

SEZL has been the subject of a number of research reports. B. Riley reiterated a “buy” rating and set a $62.83 price objective (up previously from $62.00) on shares of Sezzle in a research report on Wednesday, February 26th. Wall Street Zen cut Sezzle from a “strong-buy” rating to a “buy” rating in a research report on Thursday.

Sezzle Stock Performance

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 business has a 50-day simple moving average of $54.00 and a 200 day simple moving average of $50.87. The firm has a market cap of $3.51 billion, a PE ratio of 11.20 and a beta of 8.41.

Sezzle (NASDAQ:SEZL) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.73 EPS for the quarter, topping 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%. Equities research analysts forecast that Sezzle Inc. will post 9.77 EPS for the current year.

Sezzle announced that its Board of Directors has approved a share repurchase program on Monday, March 10th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to buy up to 4.3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In related news, Director Paul Paradis sold 50,000 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $90.53, for a total transaction of $4,526,500.00. Following the completion of the sale, the director now owns 528,382 shares in the company, valued at approximately $47,834,422.46. This trade represents a 8.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Amin Sabzivand sold 9,000 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $81.86, for a total value of $736,740.00. Following the sale, the chief operating officer now owns 277,074 shares of the company’s stock, valued at $22,681,277.64. This represents a 3.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 428,542 shares of company stock worth $32,651,662 over the last quarter. 49.49% of the stock is currently owned by corporate insiders.

Institutional Trading of Sezzle

Several institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC grew its position in shares of Sezzle by 719.1% during the first 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 in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Sezzle by 1,068.2% during the first 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 in the last quarter. Millennium Management LLC grew its position 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Sezzle by 2,241.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,906 shares of the company’s stock worth $1,078,000 after purchasing an additional 29,586 shares in the last quarter. Finally, Cinctive Capital Management LP grew its position in shares of Sezzle by 376.5% during the first quarter. Cinctive Capital Management LP now owns 15,110 shares of the company’s stock worth $527,000 after purchasing an additional 11,939 shares in the last quarter. Hedge funds and other institutional investors own 2.02% of the company’s stock.

Sezzle Company Profile

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.