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.)
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