Sezzle (NASDAQ:SEZL) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Sezzle (NASDAQ:SEZL) from a buy rating to a hold rating in a report published on Saturday.

Several other research firms have also weighed in on SEZL. Oppenheimer boosted their target price on shares of Sezzle from $168.00 to $202.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. B. Riley upped their price target on shares of Sezzle from $101.00 to $111.00 and gave the stock a “buy” rating in a research report on Monday, August 11th.

Sezzle Stock Up 1.5%

SEZL stock opened at $93.23 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 3.51 and a quick ratio of 3.51. Sezzle has a 1-year low of $19.89 and a 1-year high of $186.74. The firm has a fifty day moving average price of $141.55 and a two-hundred day moving average price of $87.36. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 31.95 and a beta of 9.09.

Sezzle (NASDAQ:SEZL) last released its earnings results on Thursday, August 7th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.11. Sezzle had a net margin of 28.13% and a return on equity of 102.90%. The firm had revenue of $60.31 million during the quarter, compared to analyst estimates of $93.33 million. Research analysts predict that Sezzle will post 9.77 EPS for the current year.

Insider Transactions at Sezzle

In other news, Director Paul Paradis sold 3,000 shares of the company’s stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $148.62, for a total transaction of $445,860.00. Following the completion of the transaction, the director owned 266,000 shares in the company, valued at approximately $39,532,920. This represents a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Karen Hartje sold 5,484 shares of the company’s stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $168.02, for a total transaction of $921,421.68. Following the transaction, the chief financial officer owned 126,846 shares of the company’s stock, valued at $21,312,664.92. This represents a 4.14% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 80,696 shares of company stock worth $11,817,465. Insiders own 49.49% of the company’s stock.

Hedge Funds Weigh In On Sezzle

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Sezzle in the 2nd quarter valued at about $29,000. Spire Wealth Management bought a new position in Sezzle in the 2nd quarter valued at about $32,000. Farther Finance Advisors LLC bought a new position in Sezzle in the 2nd quarter valued at about $33,000. CWM LLC grew its position in Sezzle by 49,400.0% in the 1st quarter. CWM LLC now owns 990 shares of the company’s stock valued at $35,000 after buying an additional 988 shares in the last quarter. Finally, Federated Hermes Inc. grew its position in Sezzle by 3,575.0% in 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. 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.