Wall Street Zen Downgrades Sezzle (NASDAQ:SEZL) to Hold

Sezzle (NASDAQ:SEZL) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

SEZL has been the subject of a number of other reports. TD Cowen assumed coverage on Sezzle in a research report on Thursday, September 11th. They issued a “hold” rating and a $82.00 price objective for the company. Cowen assumed coverage on shares of Sezzle in a research note on Thursday, September 11th. They issued a “hold” rating on the stock. UBS Group set a $110.00 price objective on shares of Sezzle in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sezzle in a report on Tuesday, November 25th. Finally, B. Riley lifted their target price on shares of Sezzle from $101.00 to $111.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $113.00.

Sezzle Trading Up 2.5%

SEZL stock opened at $68.39 on Friday. Sezzle has a 52-week low of $24.86 and a 52-week high of $186.74. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.76. The firm has a market cap of $2.34 billion, a P/E ratio of 21.16 and a beta of 8.68. The company’s 50-day simple moving average is $67.71 and its 200-day simple moving average is $102.45.

Sezzle (NASDAQ:SEZL) last announced its quarterly earnings results on Tuesday, November 19th. The company reported $0.21 earnings per share for the quarter. The firm had revenue of $40.84 million during the quarter. Sezzle had a return on equity of 90.06% and a net margin of 27.66%. As a group, equities analysts forecast that Sezzle will post 9.77 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sezzle news, Director Kyle M. Brehm bought 1,217 shares of the stock in a transaction on Wednesday, November 12th. The shares were bought at an average price of $57.50 per share, with a total value of $69,977.50. Following the purchase, the director directly owned 24,129 shares in the company, valued at $1,387,417.50. This trade represents a 5.31% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Karen Hartje sold 5,484 shares of the company’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $85.00, for a total transaction of $466,140.00. Following the sale, the chief financial officer directly owned 116,053 shares of the company’s stock, valued at $9,864,505. The trade was a 4.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 49.49% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Sezzle in the second quarter valued at approximately $29,000. Vestcor Inc acquired a new position in Sezzle during the third quarter worth $29,000. Spire Wealth Management purchased a new stake in Sezzle in the 2nd quarter valued at $32,000. Farther Finance Advisors LLC purchased a new stake in Sezzle in the 2nd quarter valued at $33,000. Finally, Sound Income Strategies LLC acquired a new stake in shares of Sezzle in the 2nd quarter worth $40,000. 2.02% of the stock is currently 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.