Sezzle (NASDAQ:SEZL) Downgraded to Hold Rating by Wall Street Zen

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

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

Sezzle Price Performance

Shares of Sezzle stock opened at $68.39 on Friday. 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 stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 21.16 and a beta of 8.68. Sezzle has a twelve month low of $24.86 and a twelve month high of $186.74. The company has a 50-day simple moving average of $67.71 and a two-hundred day simple moving average of $102.41.

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

Insider Buying and Selling at Sezzle

In related news, Director Kyle M. Brehm acquired 1,217 shares of the stock in a transaction dated Wednesday, November 12th. The stock was bought at an average price of $57.50 per share, for a total transaction of $69,977.50. Following the purchase, the director directly owned 24,129 shares of the company’s stock, valued at $1,387,417.50. The trade was a 5.31% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Karen Hartje sold 5,484 shares of the firm’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 completion of the sale, the chief financial officer owned 116,053 shares of the company’s stock, valued at $9,864,505. The trade was a 4.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 49.49% of the company’s stock.

Institutional Trading of Sezzle

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Sezzle by 497.6% during the 1st quarter. Vanguard Group Inc. now owns 1,013,698 shares of the company’s stock worth $35,368,000 after buying an additional 844,084 shares during the period. Divisadero Street Capital Management LP increased its holdings in shares of Sezzle by 64.7% during the third quarter. Divisadero Street Capital Management LP now owns 1,494,617 shares of the company’s stock valued at $118,867,000 after acquiring an additional 587,129 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Sezzle during the second quarter worth approximately $71,770,000. Man Group plc acquired a new position in shares of Sezzle during the third quarter worth approximately $25,005,000. Finally, Driehaus Capital Management LLC lifted its holdings in shares of Sezzle by 497.8% in the 1st quarter. Driehaus Capital Management LLC now owns 327,276 shares of the company’s stock worth $11,419,000 after purchasing an additional 272,530 shares in the last quarter. 2.02% of the stock is owned by institutional investors.

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.