Sezzle (NASDAQ:SEZL) Shares Gap Down – Time to Sell?

Shares of Sezzle Inc. (NASDAQ:SEZL) gapped down before the market opened on Monday . The stock had previously closed at $44.80, but opened at $42.66. Sezzle shares last traded at $40.25, with a volume of 168,481 shares.

Analyst Ratings Changes

Separately, B. Riley reaffirmed a “buy” rating and set a $62.83 price target (up previously from $62.00) on shares of Sezzle in a report on Wednesday, February 26th.

Sezzle Price Performance

The business has a 50-day moving average of $41.71 and a two-hundred day moving average of $44.52. 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 firm has a market cap of $1.30 billion, a P/E ratio of 4.09 and a beta of 8.73.

Sezzle (NASDAQ:SEZL) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.22. The firm had revenue of $271.13 billion for the quarter, compared to analyst estimates of $73.90 million. Sezzle had a return on equity of 101.18% and a net margin of 25.29%. On average, sell-side analysts anticipate that Sezzle Inc. will post 9.77 earnings per share for the current fiscal year.

Sezzle announced that its Board of Directors has authorized a stock 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 typically an indication that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On Sezzle

Hedge funds have recently made changes to their positions in the stock. State Street Corp increased its position in Sezzle by 3.5% during the 3rd quarter. State Street Corp now owns 49,362 shares of the company’s stock valued at $8,421,000 after purchasing an additional 1,683 shares during the period. Jane Street Group LLC acquired a new stake in shares of Sezzle during the third quarter worth $292,000. Barclays PLC raised its stake in Sezzle by 125.4% during the third quarter. Barclays PLC now owns 4,515 shares of the company’s stock worth $771,000 after buying an additional 2,512 shares during the last quarter. Virtu Financial LLC acquired a new position in Sezzle in the third quarter valued at $276,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Sezzle during the third quarter valued at $188,000. 2.02% of the stock is currently owned by institutional investors.

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.