Sezzle (NASDAQ:SEZL) to Buyback $50.00 million in Stock

Sezzle (NASDAQ:SEZL) announced that its Board of Directors has approved a stock repurchase plan on Monday, March 10th, RTT News reports. The company plans to buyback $50.00 million in shares. This buyback authorization allows the company to purchase up to 4.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

SEZL has been the subject of several research reports. B. Riley restated a “buy” rating and set a $377.00 price objective (up from $372.00) on shares of Sezzle in a research note on Wednesday, February 26th. Northland Securities lifted their target price on shares of Sezzle from $300.00 to $360.00 and gave the company an “outperform” rating in a report on Thursday, December 19th.

Sezzle Price Performance

NASDAQ:SEZL opened at $204.12 on Tuesday. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.40 and a quick ratio of 2.40. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 21.71 and a beta of 9.09. The company has a 50 day moving average price of $262.51 and a 200-day moving average price of $251.01. Sezzle has a 1-year low of $40.39 and a 1-year high of $477.52.

Sezzle (NASDAQ:SEZL) last posted its earnings results on Tuesday, February 25th. The company reported $4.39 earnings per share for the quarter, beating the consensus estimate of $3.08 by $1.31. The firm had revenue of $271.13 billion during the quarter, compared to analyst estimates of $73.90 million. Sezzle had a net margin of 25.29% and a return on equity of 101.18%. Equities research analysts forecast that Sezzle will post 9.77 EPS for the current year.

Insider Buying and Selling

In related news, CFO Karen Hartje sold 3,457 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $316.32, for a total value of $1,093,518.24. Following the completion of the sale, the chief financial officer now owns 35,121 shares of the company’s stock, valued at approximately $11,109,474.72. The trade was a 8.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 57.65% of the stock is owned by insiders.

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.