Sezzle (NASDAQ:SEZL) Stock Price Down 11.3% – Here’s What Happened

Sezzle Inc. (NASDAQ:SEZL)’s share price dropped 11.3% during mid-day trading on Wednesday . The stock traded as low as $61.58 and last traded at $60.8230. Approximately 249,957 shares were traded during trading, a decline of 66% from the average daily volume of 739,773 shares. The stock had previously closed at $68.59.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. UBS Group set a $110.00 price objective on Sezzle in a research note on Thursday, November 6th. Needham & Company LLC initiated coverage on shares of Sezzle in a report on Thursday. They issued a “buy” rating and a $85.00 target price for the company. TD Cowen dropped their price target on shares of Sezzle from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Thursday, January 8th. Wall Street Zen cut shares of Sezzle from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Sezzle in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Sezzle presently has an average rating of “Moderate Buy” and a consensus target price of $118.00.

Sezzle Price Performance

The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.76. The business’s fifty day moving average is $68.96 and its 200 day moving average is $78.16. The company has a market cap of $2.19 billion, a P/E ratio of 19.82 and a beta of 8.70.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SEZL. Divisadero Street Capital Management LP raised its stake in Sezzle by 64.7% in the 3rd quarter. Divisadero Street Capital Management LP now owns 1,494,617 shares of the company’s stock valued at $118,867,000 after acquiring an additional 587,129 shares during the period. Vanguard Group Inc. raised its position in shares of Sezzle by 16.9% in the fourth quarter. Vanguard Group Inc. now owns 1,188,883 shares of the company’s stock valued at $75,464,000 after purchasing an additional 172,115 shares during the period. Accredited Investors Inc. bought a new stake in shares of Sezzle in the fourth quarter valued at approximately $57,955,000. State Street Corp lifted its stake in shares of Sezzle by 59.1% during the 4th quarter. State Street Corp now owns 600,656 shares of the company’s stock valued at $38,127,000 after buying an additional 223,052 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Sezzle by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 489,382 shares of the company’s stock worth $31,068,000 after buying an additional 10,625 shares during the period. Institutional investors own 2.02% of the company’s stock.

Sezzle Company Profile

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.