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Why Dubber, Mesoblast, PointsBet, & Sezzle shares are storming higher

Mesoblast limited (ASX:MSB) and Sezzle Inc (ASX:SZL) are two of four ASX shares that are storming notably higher on Friday. Here’s why…
The post Why Dubber, Mesoblast, PointsBet, & Sezzle shares are storming higher appeared first on The Motley Fool Australia. –

jump in asx share price represented by man jumping in the air in celebration

In late morning trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week on a disappointing note. At the time of writing, the benchmark index is down 0.7% to 7,034.8 points.

Four ASX shares that are not letting that hold them back are listed below. Here’s why they are storming higher:

Dubber Corp Ltd (ASX: DUB)

The Dubber share price has jumped 13% to $2.43. This follows the release of the unified call recording and voice intelligence provider’s third quarter update. That update revealed that Dubber’s annualised recurring revenue (ARR) increased 20% over the three months to $34 million. This is also a 158% increase over the prior corresponding period.

Mesoblast limited (ASX: MSB)

The Mesoblast share price has stormed 11.5% higher to $2.04. Investors have been buying the biotech company’s shares following the release of the 60-day results from the randomised controlled trial of remestemcel-L in 222 ventilator-dependent COVID-19 patients with moderate/severe acute respiratory distress syndrome (ARDS). The results show that remestemcel-L reduced mortality through day 60 by 46% in the pre-specified group below age 65.

PointsBet Holdings Ltd (ASX: PBH)

The PointsBet share price is up 5.5% to $13.36 following the release of its third quarter update. According to the release, the sports betting company reported a 236% increase in turnover to $905.2 million. This was driven by a 137% jump in Australian turnover to $423.2 million and a 431% increase in US turnover to $482 million. Also growing strongly was its net win, which increased 246% to $64.9 million for the three months.

Sezzle Inc (ASX: SZL)

The Sezzle share price has surged 9% higher to $9.71. Investors have been fighting to get hold of the buy now pay later provider’s shares following the release of its first quarter update and the announcement of plans for a US listing. In respect to the former, Sezzle reported underlying merchant sales (UMS) growth of 214.1% to US$375.1 million for the three months ended 31 March. This was driven by a 126.6% increase in active customers to 2.6 million and a 27th consecutive month of improvement in its repeat usage metric.

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James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Pointsbet Holdings Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Dubber. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Sezzle Inc. The Motley Fool Australia has recommended Pointsbet Holdings Ltd and Sezzle Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Why Dubber, Mesoblast, PointsBet, & Sezzle shares are storming higher appeared first on The Motley Fool Australia.

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