Movement Alert|Sezzle Falls 5.11% in Regular Trading, Downgraded to Market Perform by Investment Bank

Market Focus07-13 22:09

On July 13, Sezzle declined 5.11% in regular trading, trading at $164.0/share, with turnover of $29.11 million. The decline was driven by a rating downgrade from Keefe, Bruyette & Woods.

Specifically, Keefe, Bruyette & Woods downgraded Sezzle from Outperform to Market Perform, while simultaneously raising its price target from $115 to $190. According to FactSet, Sezzle currently carries an average analyst rating of Overweight with a mean price target of $163.67, largely in line with the current trading price. The downgrade signals that the investment bank views limited upside from current levels despite the higher price target.

Within the Transaction & Payment Processing Services sector, peers showed broad strength during the session: FISERV up 2.95%, Visa up 1.59%, MasterCard up 1.27%, PayPal up 0.45%, and Block up 0.4%, contrasting with Sezzle's decline.

Sezzle operates a technology-enabled payments platform primarily in the United States and Canada, allowing consumers to split purchases into four equal interest-free payments over six weeks.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment