Sezzle (NASDAQ:SEZL) Now Covered by Analysts at Needham & Company LLC

Needham & Company LLC initiated coverage on shares of Sezzle (NASDAQ:SEZL) in a research note issued to investors on Thursday, MarketBeat.com reports. The firm issued a buy rating and a $85.00 price target on the stock.

A number of other analysts also recently commented on SEZL. Wall Street Zen downgraded Sezzle from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. TD Cowen cut their price target on Sezzle from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Thursday, January 8th. UBS Group set a $110.00 price objective on shares of Sezzle in a research report on Thursday, November 6th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Sezzle in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.00.

Sezzle Price Performance

SEZL stock opened at $62.07 on Thursday. The firm has a 50 day moving average of $69.05 and a 200-day moving average of $78.74. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 19.21 and a beta of 8.70. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.76. Sezzle has a 12-month low of $24.86 and a 12-month high of $186.74.

Institutional Trading of Sezzle

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Sezzle in the 2nd quarter valued at about $29,000. Vestcor Inc purchased a new stake in shares of Sezzle during the third quarter worth about $29,000. Covestor Ltd raised its position in shares of Sezzle by 109.4% in the fourth quarter. Covestor Ltd now owns 490 shares of the company’s stock valued at $31,000 after buying an additional 256 shares during the last quarter. Spire Wealth Management acquired a new position in shares of Sezzle in the second quarter valued at approximately $32,000. Finally, Empowered Funds LLC purchased a new position in shares of Sezzle during the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 2.02% of the company’s stock.

Sezzle Company Profile

Sezzle Inc is a financial technology company specializing in buy now, pay later (BNPL) services that enable consumers to split purchases into interest-free installment payments. By integrating its platform with e-commerce merchants, Sezzle provides shoppers with flexible payment options at checkout while merchants benefit from increased conversion rates and average order values. The company’s technology is designed to offer a seamless user experience, with instant approval decisions and no hidden fees, positions it as a consumer-friendly alternative to traditional credit products.

Founded in 2016 and headquartered in Minneapolis, Minnesota, Sezzle completed its initial public offering on the Nasdaq under the ticker SEZL.