Sezzle (NASDAQ:SEZL) Shares Down 5.6% – Should You Sell?

Sezzle Inc. (NASDAQ:SEZL) shares dropped 5.6% on Wednesday . The company traded as low as $241.67 and last traded at $236.49. Approximately 11,619 shares changed hands during trading, a decline of 90% from the average daily volume of 115,660 shares. The stock had previously closed at $250.49.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SEZL shares. Northland Securities upped their target price on Sezzle from $300.00 to $360.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. B. Riley reissued a “buy” rating and issued a $377.00 price target (up from $372.00) on shares of Sezzle in a report on Wednesday, February 26th.

Sezzle Trading Down 4.8 %

The business’s fifty day moving average price is $257.07 and its 200 day moving average price is $258.47. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $1.27 billion, a PE ratio of 23.99 and a beta of 9.09.

Sezzle (NASDAQ:SEZL) last released its earnings results on Tuesday, February 25th. The company reported $4.39 EPS for the quarter, topping the consensus estimate of $3.08 by $1.31. Sezzle had a net margin of 25.29% and a return on equity of 101.18%. The firm had revenue of $271.13 billion during the quarter, compared to analysts’ expectations of $73.90 million. As a group, analysts expect that Sezzle Inc. will post 9.77 EPS for the current fiscal year.

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

Insider Buying and Selling

In other Sezzle news, CFO Karen Hartje sold 3,457 shares of Sezzle stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $316.32, for a total value of $1,093,518.24. Following the completion of the sale, the chief financial officer now owns 35,121 shares in the company, valued at $11,109,474.72. The trade was a 8.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 57.65% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sezzle

Hedge funds have recently modified their holdings of the stock. G2 Investment Partners Management LLC increased its position in Sezzle by 275.9% during the fourth quarter. G2 Investment Partners Management LLC now owns 102,192 shares of the company’s stock worth $26,141,000 after purchasing an additional 75,007 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Sezzle by 792.3% during the 4th quarter. Marshall Wace LLP now owns 79,983 shares of the company’s stock worth $20,460,000 after buying an additional 71,019 shares during the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of Sezzle by 912.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 21,097 shares of the company’s stock worth $5,397,000 after buying an additional 19,014 shares during the period. Millennium Management LLC boosted its holdings in Sezzle by 172.7% in the fourth quarter. Millennium Management LLC now owns 27,398 shares of the company’s stock valued at $7,008,000 after acquiring an additional 17,351 shares during the last quarter. Finally, Jane Street Group LLC grew its position in Sezzle by 816.9% during the fourth quarter. Jane Street Group LLC now owns 15,707 shares of the company’s stock valued at $4,018,000 after acquiring an additional 13,994 shares during the period. 2.02% of the stock is owned by institutional investors and hedge funds.

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.