On July 14, Sezzle rose 5.2% in regular trading, trading at 168.0 USD/share, with turnover of $25.45 million. The stock had plunged over 10% earlier in the session to approximately $160.67 before staging a recovery as the market digested details of a mixed analyst action.
On the news front, Keefe, Bruyette & Woods downgraded Sezzle from outperform to market perform, which initially triggered heavy selling. However, the firm simultaneously raised its price target from $115 to $190, representing approximately 12% upside from current levels. As traders reassessed the significantly higher target price, buying interest returned and pushed the stock well off its intraday lows.
According to FactSet, Sezzle currently carries an average analyst rating of overweight with a mean price target of $163.67. Sezzle is a technology-enabled payments company that allows consumers to split purchases into four equal interest-free installments over six weeks, operating primarily in the United States and Canada.
(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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