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

Sezzle (NASDAQ:SEZL)‘s stock had its “outperform” rating reissued by equities researchers at Northland Securities in a note issued to investors on Monday, Benzinga reports. They presently have a $185.00 price objective on the stock, up from their prior price objective of $150.00. Northland Securities’ price target would indicate a potential upside of 14.55% from the stock’s previous close.

A number of other equities research analysts also recently commented on the company. B. Riley increased their price objective on Sezzle from $132.00 to $163.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Northland Capmk upgraded Sezzle to a “strong-buy” rating in a research report on Tuesday, July 9th.

Sezzle Stock Performance

Shares of NASDAQ:SEZL traded down $1.90 on Monday, hitting $161.50. The company’s stock had a trading volume of 8,156 shares, compared to its average volume of 83,668. The company has a market capitalization of $913.93 million and a price-to-earnings ratio of 72.69. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.07 and a current ratio of 2.07. Sezzle has a 12 month low of $7.15 and a 12 month high of $167.94. The stock’s 50-day moving average is $115.41 and its two-hundred day moving average is $87.16.

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

Insiders Place Their Bets

In other news, Director Paul Martin Purcell sold 6,618 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $157.87, for a total value of $1,044,783.66. Following the transaction, the director now directly owns 120,047 shares of the company’s stock, valued at $18,951,819.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Sezzle news, Director Paul Martin Purcell sold 6,618 shares of Sezzle stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $157.87, for a total value of $1,044,783.66. Following the completion of the sale, the director now directly owns 120,047 shares in the company, valued at $18,951,819.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Amin Sabzivand sold 1,500 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $147.10, for a total transaction of $220,650.00. Following the transaction, the chief operating officer now directly owns 51,748 shares in the company, valued at $7,612,130.80. The disclosure for this sale can be found here. Insiders sold a total of 204,305 shares of company stock worth $23,766,716 in the last quarter. 57.65% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sezzle

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers bought a new stake in shares of Sezzle during the 2nd quarter worth $203,000. Divisadero Street Capital Management LP bought a new position in shares of Sezzle in the second quarter worth about $356,000. XTX Topco Ltd acquired a new position in shares of Sezzle during the 2nd quarter worth about $544,000. Bank of New York Mellon Corp bought a new stake in Sezzle during the 2nd quarter valued at approximately $611,000. Finally, Vanguard Group Inc. acquired a new stake in Sezzle in the 1st quarter valued at approximately $13,369,000. Institutional investors and hedge funds own 2.02% of the company’s stock.

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.