Sezzle (NASDAQ:SEZL) to Repurchase $50.00 million in Stock

Sezzle (NASDAQ:SEZL) declared that its Board of Directors has authorized a stock repurchase plan on Monday, March 10th, RTT News reports. The company plans to buyback $50.00 million in outstanding shares. This buyback authorization permits the company to buy up to 4.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Sezzle Trading Down 12.6 %

NASDAQ SEZL opened at $204.12 on Tuesday. The firm’s 50-day moving average is $262.51 and its two-hundred day moving average is $251.01. Sezzle has a 12 month low of $40.39 and a 12 month high of $477.52. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.40 and a quick ratio of 2.40. The stock has a market capitalization of $1.15 billion, a P/E ratio of 21.71 and a beta of 9.09.

Sezzle (NASDAQ:SEZL) last posted its earnings results on Tuesday, February 25th. The company reported $4.39 EPS for the quarter, beating analysts’ consensus estimates of $3.08 by $1.31. Sezzle had a net margin of 25.29% and a return on equity of 101.18%. The company had revenue of $271.13 billion for the quarter, compared to analysts’ expectations of $73.90 million. On average, sell-side analysts anticipate that Sezzle will post 9.77 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SEZL. Northland Securities boosted their price target on shares of Sezzle from $300.00 to $360.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. B. Riley reissued a “buy” rating and set a $377.00 price target (up previously from $372.00) on shares of Sezzle in a research report on Wednesday, February 26th.

Insider Buying and Selling at Sezzle

In other Sezzle news, CFO Karen Hartje sold 3,457 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $316.32, for a total transaction of $1,093,518.24. Following the sale, the chief financial officer now directly owns 35,121 shares in the company, valued at $11,109,474.72. This represents a 8.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 57.65% of the stock is currently owned by corporate insiders.

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.