Sezzle (NASDAQ:SEZL) Shares Gap Down – Here’s Why

Sezzle Inc. (NASDAQ:SEZL) shares gapped down prior to trading on Tuesday . The stock had previously closed at $272.52, but opened at $258.24. Sezzle shares last traded at $249.65, with a volume of 44,912 shares changing hands.

Wall Street Analysts Forecast Growth

SEZL has been the subject of several research reports. B. Riley reissued a “buy” rating and set a $377.00 price target (up from $372.00) on shares of Sezzle in a report on Wednesday, February 26th. Northland Securities lifted their price target on Sezzle from $300.00 to $360.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th.

Sezzle Trading Down 1.9 %

The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 28.89 and a beta of 9.56. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54. The business’s 50 day moving average price is $264.85 and its two-hundred day moving average price is $247.15.

Sezzle (NASDAQ:SEZL) last released its quarterly earnings data on Tuesday, February 25th. The company reported $4.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $1.31. Sezzle had a return on equity of 101.18% and a net margin of 25.29%. The company had revenue of $271.13 billion during the quarter, compared to the consensus estimate of $73.90 million. On average, equities analysts predict that Sezzle Inc. will post 9.77 earnings per share for the current fiscal year.

Insider Transactions at Sezzle

In other Sezzle news, CFO Karen Hartje sold 3,457 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $316.32, for a total transaction of $1,093,518.24. Following the transaction, the chief financial officer now directly owns 35,121 shares in the company, valued at approximately $11,109,474.72. This represents a 8.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kyle M. Brehm purchased 110 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was bought at an average cost of $360.00 per share, with a total value of $39,600.00. Following the completion of the purchase, the director now owns 3,718 shares of the company’s stock, valued at approximately $1,338,480. This represents a 3.05 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 57.65% of the company’s stock.

Hedge Funds Weigh In On Sezzle

Institutional investors have recently made changes to their positions in the stock. Plato Investment Management Ltd acquired a new position in Sezzle during the 4th quarter worth approximately $30,000. Meeder Asset Management Inc. bought a new stake in shares of Sezzle during the fourth quarter valued at approximately $31,000. Federated Hermes Inc. raised its position in shares of Sezzle by 3,575.0% during the fourth quarter. Federated Hermes Inc. now owns 147 shares of the company’s stock worth $38,000 after purchasing an additional 143 shares during the period. Covestor Ltd bought a new position in shares of Sezzle in the 3rd quarter worth $38,000. Finally, Modus Advisors LLC acquired a new stake in Sezzle in the 4th quarter valued at $80,000. Institutional investors and hedge funds own 2.02% of the company’s stock.

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.