The buy now, pay later provider was in the green today, but couldn’t quite maintain its intraday high. Here are the details
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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.
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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.