Sezzle (NASDAQ:SEZL) Now Covered by Analysts at Oppenheimer

Oppenheimer assumed coverage on shares of Sezzle (NASDAQ:SEZL) in a research note released on Thursday morning, MarketBeat.com reports. The brokerage issued an outperform rating and a $168.00 price objective on the stock.

Several other equities analysts have also commented on the stock. B. Riley restated a “buy” rating and set a $62.83 price target (up previously from $62.00) on shares of Sezzle in a research report on Wednesday, February 26th. Wall Street Zen lowered shares of Sezzle from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 22nd. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $96.94.

Sezzle Trading Up 6.8%

Shares of NASDAQ SEZL opened at $140.10 on Thursday. The company has a market cap of $4.66 billion, a price-to-earnings ratio of 14.90 and a beta of 9.06. Sezzle has a 12-month low of $11.67 and a 12-month high of $141.83. 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 stock’s 50 day simple moving average is $77.16 and its 200 day simple moving average is $56.13.

Sezzle declared that its board has approved a stock repurchase program on Monday, March 10th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to buy up to 4.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Insider Transactions at Sezzle

In related news, COO Amin Sabzivand sold 1,684 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $124.67, for a total value of $209,944.28. Following the completion of the transaction, the chief operating officer now owns 244,074 shares in the company, valued at $30,428,705.58. This represents a 0.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Paul Paradis sold 18,000 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $75.00, for a total transaction of $1,350,000.00. Following the completion of the transaction, the director now owns 315,000 shares of the company’s stock, valued at $23,625,000. This represents a 5.41% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 443,080 shares of company stock worth $34,247,838. Insiders own 49.49% of the company’s stock.

Hedge Funds Weigh In On Sezzle

A number of institutional investors and hedge funds have recently bought and sold shares of SEZL. Rhumbline Advisers grew its position in Sezzle by 1.8% in the 4th quarter. Rhumbline Advisers now owns 2,556 shares of the company’s stock valued at $654,000 after buying an additional 45 shares in the last quarter. Principal Securities Inc. bought a new position in Sezzle in the 4th quarter valued at about $84,000. Principal Financial Group Inc. grew its position in Sezzle by 11.6% in the 4th quarter. Principal Financial Group Inc. now owns 3,588 shares of the company’s stock valued at $918,000 after buying an additional 373 shares in the last quarter. Navellier & Associates Inc. grew its position in Sezzle by 21.5% in the 4th quarter. Navellier & Associates Inc. now owns 8,667 shares of the company’s stock valued at $2,217,000 after buying an additional 1,531 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Sezzle by 28.0% in the 4th quarter. Bank of New York Mellon Corp now owns 6,304 shares of the company’s stock valued at $1,613,000 after buying an additional 1,378 shares in the last quarter. Institutional investors 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.