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

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

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

Sezzle Stock Performance

Shares of NASDAQ:SEZL opened at $68.39 on Friday. The firm’s 50 day simple moving average is $67.71 and its 200-day simple moving average is $102.41. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.52 and a current ratio of 3.52. Sezzle has a one year low of $24.86 and a one year high of $186.74. The firm has a market cap of $2.34 billion, a PE ratio of 21.16 and a beta of 8.68.

Sezzle (NASDAQ:SEZL) last announced its quarterly earnings results on Tuesday, November 19th. The company reported $0.21 earnings per share (EPS) 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 predict that Sezzle will post 9.77 EPS for the current year.

Insider Activity

In other news, Director Kyle M. Brehm purchased 1,217 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was acquired at an average cost of $57.50 per share, with a total value of $69,977.50. Following the completion of the transaction, the director owned 24,129 shares in the company, valued at $1,387,417.50. This represents a 5.31% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Karen Hartje sold 5,484 shares of the firm’s stock in a transaction dated Monday, October 6th. The shares were 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 in the company, valued at $9,864,505. This represents a 4.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 49.49% of the company’s stock.

Hedge Funds Weigh In On Sezzle

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Sezzle by 497.6% during the first quarter. Vanguard Group Inc. now owns 1,013,698 shares of the company’s stock worth $35,368,000 after purchasing an additional 844,084 shares in the last quarter. Divisadero Street Capital Management LP grew its stake in Sezzle by 64.7% during the 3rd quarter. Divisadero Street Capital Management LP now owns 1,494,617 shares of the company’s stock worth $118,867,000 after buying an additional 587,129 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Sezzle during the 2nd quarter worth $71,770,000. Man Group plc acquired a new position in Sezzle during the 3rd quarter valued at about $25,005,000. Finally, Driehaus Capital Management LLC raised its stake in Sezzle by 497.8% in the first quarter. Driehaus Capital Management LLC now owns 327,276 shares of the company’s stock valued at $11,419,000 after buying an additional 272,530 shares during the last quarter. 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.