Sezzle (NASDAQ:SEZL) Coverage Initiated at B. Riley

Equities research analysts at B. Riley started coverage on shares of Sezzle (NASDAQ:SEZL) in a research report issued to clients and investors on Wednesday, MarketBeat reports. The firm set a “buy” rating and a $113.00 price target on the stock. B. Riley’s price target would indicate a potential upside of 28.51% from the stock’s previous close.

Sezzle Stock Performance

Shares of NASDAQ SEZL opened at $87.93 on Wednesday. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.42. Sezzle has a 12-month low of $7.15 and a 12-month high of $100.00. The firm has a market capitalization of $498.56 million and a price-to-earnings ratio of 38.57. The firm has a 50 day moving average of $70.53 and a 200 day moving average of $53.29.

Sezzle (NASDAQ:SEZL) last released its earnings results on Wednesday, May 8th. The company reported $1.34 earnings per share for the quarter. The company had revenue of $46.98 million for the quarter. Sezzle had a net margin of 7.79% and a return on equity of 62.26%.

Insiders Place Their Bets

In related news, Director Paul Paradis sold 1,470 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $77.36, for a total transaction of $113,719.20. Following the completion of the transaction, the director now owns 209,906 shares in the company, valued at approximately $16,238,328.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Sezzle news, Director Paul Martin Purcell sold 3,955 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $82.19, for a total transaction of $325,061.45. Following the sale, the director now owns 460,761 shares of the company’s stock, valued at approximately $37,869,946.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Paul Paradis sold 1,470 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $77.36, for a total value of $113,719.20. Following the completion of the transaction, the director now directly owns 209,906 shares of the company’s stock, valued at approximately $16,238,328.16. The disclosure for this sale can be found here. Insiders sold a total of 30,376 shares of company stock valued at $2,380,542 over the last 90 days. Insiders own 57.65% of the company’s stock.

Institutional Investors Weigh In On Sezzle

An institutional investor recently bought a new position in Sezzle stock. Vanguard Group Inc. purchased a new stake in Sezzle Inc. (NASDAQ:SEZL) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 158,233 shares of the company’s stock, valued at approximately $13,369,000. Vanguard Group Inc. owned 2.79% of Sezzle at the end of the most recent reporting period. Institutional investors and hedge funds 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.