Sezzle (NASDAQ:SEZL) Earns “Outperform” Rating from Northland Securities

Northland Securities reiterated their outperform rating on shares of Sezzle (NASDAQ:SEZL) in a report issued on Monday, Benzinga reports. The firm currently has a $185.00 price objective on the stock, up from their previous price objective of $150.00.

A number of other research firms also recently issued reports on SEZL. B. Riley increased their target price on shares of Sezzle from $132.00 to $163.00 and gave the stock a buy rating in a research report on Friday, August 23rd. Northland Capmk upgraded shares of Sezzle to a strong-buy rating in a research report on Tuesday, July 9th.

Sezzle Stock Down 1.7 %

Shares of NASDAQ:SEZL opened at $173.93 on Monday. Sezzle has a 52 week low of $7.15 and a 52 week high of $185.18. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.07 and a current ratio of 2.07. The company has a market cap of $974.01 million and a PE ratio of 76.29. The firm has a 50 day simple moving average of $118.69 and a 200 day simple moving average of $88.67.

Sezzle (NASDAQ:SEZL) last released its earnings results on Wednesday, August 7th. The company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $1.33. Sezzle had a net margin of 21.77% and a return on equity of 84.38%. The company had revenue of $55.97 million during the quarter, compared to the consensus estimate of $43.35 million. As a group, research analysts expect that Sezzle will post 6.71 earnings per share for the current year.

Insider Transactions at Sezzle

In other news, Director Paul Martin Purcell sold 4,000 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $89.19, for a total transaction of $356,760.00. Following the transaction, the director now owns 396,173 shares in the company, valued at approximately $35,334,669.87. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Paul Martin Purcell sold 4,000 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $89.19, for a total transaction of $356,760.00. Following the transaction, the director now owns 396,173 shares in the company, valued at approximately $35,334,669.87. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Paul Paradis sold 1,645 shares of the firm’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $89.84, for a total transaction of $147,786.80. Following the completion of the transaction, the director now owns 194,497 shares in the company, valued at $17,473,610.48. The disclosure for this sale can be found here. Insiders have sold a total of 176,714 shares of company stock worth $21,805,651 in the last 90 days. 57.65% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Rhumbline Advisers bought a new stake in Sezzle in the 2nd quarter valued at $203,000. Divisadero Street Capital Management LP bought a new stake in Sezzle in the 2nd quarter valued at $356,000. XTX Topco Ltd bought a new stake in Sezzle in the 2nd quarter valued at $544,000. Bank of New York Mellon Corp bought a new stake in Sezzle in the 2nd quarter valued at $611,000. Finally, Vanguard Group Inc. bought a new stake in Sezzle in the 1st quarter valued at $13,369,000. 2.02% of the stock is currently owned by institutional investors and hedge funds.

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.