Sezzle (NASDAQ:SEZL) Price Target Raised to $202.00 at Oppenheimer

Sezzle (NASDAQ:SEZL) had its target price increased by Oppenheimer from $168.00 to $202.00 in a research note released on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Separately, Wall Street Zen lowered Sezzle from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 22nd. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $108.28.

Sezzle Trading Up 5.1%

Shares of SEZL stock opened at $181.07 on Wednesday. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.56. The business has a 50-day moving average price of $114.82 and a two-hundred day moving average price of $66.90. Sezzle has a 12-month low of $11.67 and a 12-month high of $182.49. The firm has a market cap of $6.03 billion, a P/E ratio of 61.17 and a beta of 9.16.

Sezzle announced that its board has authorized a share repurchase plan on Monday, March 10th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to buy up to 4.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Transactions at Sezzle

In other news, Director Paul Paradis sold 3,000 shares of the business’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $176.08, for a total value of $528,240.00. Following the completion of the sale, the director owned 263,000 shares of the company’s stock, valued at approximately $46,309,040. The trade was a 1.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Amin Sabzivand sold 6,028 shares of the business’s stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $164.23, for a total value of $989,978.44. Following the completion of the sale, the chief operating officer directly owned 243,303 shares of the company’s stock, valued at approximately $39,957,651.69. This trade represents a 2.42% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 489,608 shares of company stock valued at $41,660,224. 49.49% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SEZL. Vanguard Group Inc. raised its position in Sezzle by 497.6% during the 1st quarter. Vanguard Group Inc. now owns 1,013,698 shares of the company’s stock valued at $35,368,000 after purchasing an additional 844,084 shares during the last quarter. Driehaus Capital Management LLC grew its holdings in shares of Sezzle by 497.8% during the 1st quarter. Driehaus Capital Management LLC now owns 327,276 shares of the company’s stock worth $11,419,000 after acquiring an additional 272,530 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Sezzle by 1,068.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 169,487 shares of the company’s stock worth $5,913,000 after buying an additional 154,978 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Sezzle by 719.1% in the 1st quarter. Acadian Asset Management LLC now owns 173,310 shares of the company’s stock worth $6,040,000 after buying an additional 152,152 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. purchased a new stake in shares of Sezzle in the 1st quarter worth approximately $4,011,000. Institutional investors 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.