Sezzle (NASDAQ:SEZL) Now Covered by TD Cowen

TD Cowen initiated coverage on shares of Sezzle (NASDAQ:SEZL) in a research note issued to investors on Thursday, MarketBeat reports. The brokerage issued a hold rating and a $82.00 price target on the stock.

A number of other equities research analysts have also issued reports on the stock. Oppenheimer raised their price target on shares of Sezzle from $168.00 to $202.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. B. Riley raised their price target on shares of Sezzle from $101.00 to $111.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Finally, Wall Street Zen lowered shares of Sezzle from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $113.75.

Sezzle Price Performance

SEZL stock opened at $89.27 on Thursday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 3.51 and a current ratio of 3.51. Sezzle has a 52 week low of $23.41 and a 52 week high of $186.74. The firm’s fifty day moving average is $117.54 and its 200 day moving average is $92.66. The firm has a market cap of $3.04 billion, a P/E ratio of 30.59 and a beta of 9.02.

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

Insider Activity at Sezzle

In related news, COO Amin Sabzivand sold 18,000 shares of Sezzle stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $157.31, for a total transaction of $2,831,580.00. Following the completion of the transaction, the chief operating officer directly owned 243,303 shares of the company’s stock, valued at $38,273,994.93. This trade represents a 6.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Paul Paradis sold 3,000 shares of Sezzle stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $147.19, for a total transaction of $441,570.00. Following the transaction, the director directly owned 251,000 shares of the company’s stock, valued at approximately $36,944,690. This trade represents a 1.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 65,484 shares of company stock valued at $10,050,690 in the last three months. Company insiders own 49.49% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SEZL. Price T Rowe Associates Inc. MD purchased a new position in Sezzle during the 4th quarter valued at about $424,000. The Manufacturers Life Insurance Company purchased a new position in Sezzle in the fourth quarter worth about $311,000. Northern Trust Corp raised its holdings in Sezzle by 6.8% in the fourth quarter. Northern Trust Corp now owns 20,708 shares of the company’s stock worth $5,297,000 after buying an additional 1,319 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Sezzle by 15.5% in the fourth quarter. Ameriprise Financial Inc. now owns 2,002 shares of the company’s stock worth $512,000 after buying an additional 268 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in Sezzle in the fourth quarter worth about $136,000. 2.02% of the stock is owned by hedge funds and other institutional investors.

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.