Sezzle (NASDAQ:SEZL) Given New $220.00 Price Target at Needham & Company LLC

Sezzle (NASDAQ:SEZL – Free Report) had its target price increased by Needham & Company LLC from $172.00 to $220.00 in a research note issued to investors on Thursday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.

Several other research firms also recently weighed in on SEZL. TD Cowen decreased their price target on shares of Sezzle from $165.00 to $160.00 and set a “buy” rating for the company in a research note on Tuesday, October 6th. B. Riley Financial reissued a “buy” rating on shares of Sezzle in a research note on Friday, August 7th. Wall Street Zen downgraded Sezzle from a “buy” rating to a “hold” rating in a report on Sunday, November 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Sezzle in a report on Monday. Finally, Keefe, Bruyette & Woods decreased their target price on Sezzle from $190.00 to $155.00 and set a “market perform” rating for the company in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $160.33.

Get Our Latest Research Report on Sezzle

Sezzle Trading Up 13.4%

NASDAQ SEZL opened at $155.00 on Thursday. The company’s 50-day moving average price is $121.91 and its 200-day moving average price is $109.79. The company has a current ratio of 4.02, a quick ratio of 4.02 and a debt-to-equity ratio of 0.52. The stock has a market cap of $5.24 billion, a PE ratio of 26.59 and a beta of 6.59. Sezzle has a 12 month low of $49.50 and a 12 month high of $195.71.

Sezzle (NASDAQ:SEZL – Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.09. The company had revenue of $166.50 million during the quarter, compared to analyst estimates of $155.01 million. Sezzle had a net margin of 31.39% and a return on equity of 89.97%. The firm’s revenue for the quarter was up 42.6% on a year-over-year basis. During the same quarter last year, the business posted $0.71 EPS. Equities research analysts forecast that Sezzle will post 5.24 earnings per share for the current year.

Insider Activity

In other Sezzle news, Director Bryan Hunt bought 250 shares of the business’s stock in a transaction on Friday, September 18th. The shares were acquired at an average price of $115.86 per share, with a total value of $28,965.00. Following the transaction, the director owned 3,985 shares of the company’s stock, valued at approximately $461,702.10. This trade represents a 6.69% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kyle Brehm sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $125.92, for a total transaction of $125,920.00. Following the completion of the sale, the director owned 23,853 shares of the company’s stock, valued at approximately $3,003,569.76. This represents a 4.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 43.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sezzle

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in Sezzle in the second quarter worth about $436,497,000. Dimensional Fund Advisors LP lifted its position in shares of Sezzle by 41.6% during the first quarter. Dimensional Fund Advisors LP now owns 458,222 shares of the company’s stock valued at $28,996,000 after buying an additional 134,714 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Sezzle by 296.1% in the 1st quarter. Bank of America Corp DE now owns 326,063 shares of the company’s stock valued at $20,637,000 after buying an additional 243,747 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Sezzle by 41.6% in the 1st quarter. Principal Financial Group Inc. now owns 247,407 shares of the company’s stock valued at $15,658,000 after buying an additional 72,626 shares in the last quarter. Finally, Jupiter Topco LLC purchased a new position in shares of Sezzle in the 2nd quarter worth approximately $19,433,000. Institutional investors own 2.02% of the company’s stock.

Key Stories Impacting Sezzle

Here are the key news stories impacting Sezzle this week:

About Sezzle

(Get Free Report)

Sezzle Inc (NASDAQ: SEZL) is a financial technology company that provides buy now, pay later solutions. Its platform enables consumers to split eligible purchases into installments, generally at the time of checkout, while giving merchants payment and customer-engagement tools designed to support e-commerce sales.

The company offers installment payment services through its consumer app and merchant integrations, as well as products such as Sezzle Virtual Card and Sezzle Up. Sezzle Up is designed to provide eligible users with credit-building opportunities, while the company’s merchant platform supports checkout integration, transaction management and consumer financing.

Sezzle was founded in 2016 and is headquartered in Minneapolis, Minnesota.

Further Reading

Analyst Recommendations for Sezzle (NASDAQ:SEZL)

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