Sezzle (NASDAQ:SEZL) Trading Down 10.4% – Time to Sell?

Sezzle Inc. (NASDAQ:SEZL)’s stock price was down 10.4% during mid-day trading on Monday . The company traded as low as $55.51 and last traded at $56.1940. Approximately 770,029 shares changed hands during mid-day trading, an increase of 7% from the average daily volume of 717,381 shares. The stock had previously closed at $62.75.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. TD Cowen decreased their price target on shares of Sezzle from $83.00 to $82.00 and set a “hold” rating for the company in a report on Thursday, January 8th. Needham & Company LLC initiated coverage on Sezzle in a research note on Thursday, February 12th. They set a “buy” rating and a $85.00 target price for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sezzle in a research report on Monday, December 29th. UBS Group set a $76.00 price target on Sezzle in a report on Tuesday, February 17th. Finally, Wall Street Zen cut Sezzle from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $111.20.

Sezzle Price Performance

The company has a 50-day moving average of $68.10 and a 200 day moving average of $73.58. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.52 and a current ratio of 3.52. The firm has a market cap of $1.93 billion, a P/E ratio of 17.48 and a beta of 8.70.

Hedge Funds Weigh In On Sezzle

Several institutional investors have recently bought and sold shares of SEZL. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Sezzle in the second quarter valued at approximately $29,000. Vestcor Inc acquired a new stake in shares of Sezzle in the 3rd quarter valued at $29,000. Covestor Ltd increased its stake in shares of Sezzle by 109.4% in the 4th quarter. Covestor Ltd now owns 490 shares of the company’s stock valued at $31,000 after buying an additional 256 shares during the period. Spire Wealth Management bought a new stake in shares of Sezzle during the second quarter worth $32,000. Finally, Empowered Funds LLC acquired a new position in shares of Sezzle during the fourth quarter valued at $33,000. Institutional investors own 2.02% of the company’s stock.

About Sezzle

Sezzle Inc is a financial technology company specializing in buy now, pay later (BNPL) services that enable consumers to split purchases into interest-free installment payments. By integrating its platform with e-commerce merchants, Sezzle provides shoppers with flexible payment options at checkout while merchants benefit from increased conversion rates and average order values. The company’s technology is designed to offer a seamless user experience, with instant approval decisions and no hidden fees, positions it as a consumer-friendly alternative to traditional credit products.

Founded in 2016 and headquartered in Minneapolis, Minnesota, Sezzle completed its initial public offering on the Nasdaq under the ticker SEZL.