Sezzle (NASDAQ:SEZL) Reaches New 52-Week High – Here’s What Happened

Sezzle Inc. (NASDAQ:SEZL)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $134.99 and last traded at $129.86, with a volume of 370274 shares traded. The stock had previously closed at $132.09.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. B. Riley restated a “buy” rating and issued a $62.83 price target (up previously from $62.00) on shares of Sezzle in a research report on Wednesday, February 26th. Wall Street Zen downgraded shares of Sezzle from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 22nd.

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 stock has a fifty day simple moving average of $69.21 and a two-hundred day simple moving average of $54.32. The firm has a market capitalization of $4.33 billion, a P/E ratio of 13.92 and a beta of 9.06.

Sezzle declared that its Board of Directors has initiated a stock buyback program on Monday, March 10th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 4.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other Sezzle news, Director Paul Paradis sold 18,000 shares of Sezzle stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $75.00, for a total value of $1,350,000.00. Following the sale, the director now owns 315,000 shares of the company’s stock, valued at approximately $23,625,000. The trade was a 5.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Amin Sabzivand sold 9,854 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $107.73, for a total transaction of $1,061,571.42. Following the sale, the chief operating officer now owns 244,074 shares of the company’s stock, valued at approximately $26,294,092.02. The trade was a 3.88% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 441,396 shares of company stock worth $34,037,893. 49.49% of the stock is currently owned by company insiders.

Institutional Trading of Sezzle

Several large investors have recently modified their holdings of SEZL. Plato Investment Management Ltd purchased a new position in shares of Sezzle during the 4th quarter valued at about $30,000. Meeder Asset Management Inc. bought a new position in Sezzle during the fourth quarter valued at $31,000. Federated Hermes Inc. raised its position in shares of Sezzle by 3,575.0% during the 4th quarter. Federated Hermes Inc. now owns 147 shares of the company’s stock valued at $38,000 after buying an additional 143 shares in the last quarter. Principal Securities Inc. purchased a new position in Sezzle in the fourth quarter worth about $84,000. Finally, Tower Research Capital LLC TRC increased its stake in Sezzle by 94.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 407 shares of the company’s stock worth $104,000 after acquiring an additional 198 shares during the last quarter. 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.