Sezzle (ASX:SZL) share price jumps 5.2% during intraday trade

The buy now, pay later provider was in the green today, but couldn’t quite maintain its intraday high. Here are the details
The post Sezzle (ASX:SZL) share price jumps 5.2% during intraday trade appeared first on The Motley Fool Australia. –

The Sezzle Inc (ASX: SZL) share price finished in the green today, climbing 2.27% from the market open.

Shares in the buy now, pay later provider leapt 5.2% to reach an intraday high of $9.26 just before 1pm, before pulling back to end the day at $9.01.

Let’s take a look at some of the price action today.

Sezzle and Barstool Sports partnership

In a statement on 29 June, the company announced it had entered into a partnership with United States hospitality and entertainment company Barstool Sports.

Under the agreement, Sezzle will undertake marketing promotions to Barstool audiences.

Sezzle chief executive officer Charlie Youakim said Barstool Sports is “a brand that epitomises consumerism of the new generation”, and Sezzle is a company that promotes “product innovation that reaches the needs of young shoppers”.

Youakim also mentioned that “Barstool Sports provides a bridge to millions of brand-loyal consumers looking to redefine payments”.

Also speaking about the agreement, Barstool CRO Deirdre Lester said:

We chose Sezzle because they are not simply a payments company but a marketing organisation that speaks the language of our fans.

They provide a highly rated payments solution for our e-commerce business as well as reaching fans across several of our marquee brands and shows.

Sezzle share price snapshot

The Sezzle share price has posted a gain of around 46% since 1 January, which has outpaced the S&P/ASX 200 Index (ASX: XJO) return of 10% over the same period.

Over the previous month, Sezzle shares have gained about 20%. However, they are in the red by almost 1% over the past 5 trading days.

At its current share price, Sezzle has a market capitalisation of $932 million, and the share price is trading off its 52-week high of $11.99.

The 52-week range for Sezzle shares is $4.02 – $11.99.

The post Sezzle (ASX:SZL) share price jumps 5.2% during intraday trade appeared first on The Motley Fool Australia.

Should you invest $1,000 in Sezzle right now?

Before you consider Sezzle, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Sezzle wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of May 24th 2021

More reading

BNPL provider Sezzle (ASX:SZL) partners with US media giant
The Sezzle (ASX:SZL) share price has lifted 15% this week
Are Zip (ASX:Z1P) shares cheap enough to buy now?
Sezzle (ASX:SZL) share price misses out on today’s BNPL gains
Top brokers name 3 ASX shares to buy next week

The author Zach Bristow has no positions in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Sezzle Inc. The Motley Fool Australia has recommended Sezzle Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!