Northland Securities Reaffirms Outperform Rating for Sezzle (NASDAQ:SEZL)

Northland Securities reaffirmed their outperform rating on shares of Sezzle (NASDAQ:SEZL) in a report published on Monday morning, Benzinga reports. Northland Securities currently has a $185.00 price target on the stock, up from their prior price target of $150.00.

A number of other equities research analysts have also recently issued reports on the company. B. Riley upped their price objective on Sezzle from $132.00 to $163.00 and gave the stock a buy rating in a research note on Friday, August 23rd. Northland Capmk raised shares of Sezzle to a strong-buy rating in a research report on Tuesday, July 9th.

Sezzle Stock Performance

SEZL stock opened at $176.79 on Monday. Sezzle has a 1-year low of $7.15 and a 1-year high of $185.18. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 1.37. The firm has a market cap of $990.02 million and a PE ratio of 77.54. The business’s 50-day moving average price is $120.37 and its two-hundred day moving average price is $89.27.

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

Insider Transactions at Sezzle

In other Sezzle news, Director Paul Paradis sold 1,645 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $75.03, for a total transaction of $123,424.35. Following the sale, the director now directly owns 187,917 shares in the company, valued at $14,099,412.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Paul Paradis sold 1,645 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $75.03, for a total transaction of $123,424.35. Following the completion of the sale, the director now directly owns 187,917 shares in the company, valued at approximately $14,099,412.51. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Paul Martin Purcell sold 4,000 shares of Sezzle stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $89.19, for a total transaction of $356,760.00. Following the sale, the director now directly owns 396,173 shares in the company, valued at $35,334,669.87. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 176,714 shares of company stock valued at $21,805,651. 57.65% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sezzle

A number of institutional investors have recently modified their holdings of SEZL. Vanguard Group Inc. acquired a new stake in shares of Sezzle during the 1st quarter worth approximately $13,369,000. Bank of New York Mellon Corp acquired a new stake in Sezzle in the second quarter worth $611,000. XTX Topco Ltd bought a new stake in Sezzle in the second quarter valued at $544,000. Divisadero Street Capital Management LP acquired a new position in shares of Sezzle during the second quarter valued at about $356,000. Finally, Rhumbline Advisers bought a new position in shares of Sezzle during the 2nd quarter worth about $203,000. 2.02% of the stock is owned by institutional investors.

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.