Sezzle (NASDAQ:SEZL) Stock Price Up 7.8% – What’s Next?

by · The Markets Daily

Sezzle Inc. (NASDAQ:SEZL – Get Free Report)’s share price rose 7.8% during trading on Wednesday . The company traded as high as $402.25 and last traded at $396.64. Approximately 58,491 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 88,460 shares. The stock had previously closed at $367.95.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. B. Riley increased their target price on Sezzle from $132.00 to $163.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Northland Securities raised their price objective on shares of Sezzle from $185.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, November 8th.

Check Out Our Latest Analysis on SEZL

Sezzle Stock Up 2.7 %

The firm has a 50 day moving average price of $192.32 and a 200-day moving average price of $124.51. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.40 and a quick ratio of 2.07. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 42.20 and a beta of 8.49.

Insider Activity

In related news, Director Paul Martin Purcell sold 1,556 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $124.43, for a total value of $193,613.08. Following the transaction, the director now directly owns 255,241 shares in the company, valued at $31,759,637.63. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, COO Amin Sabzivand sold 1,500 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $147.10, for a total value of $220,650.00. Following the sale, the chief operating officer now directly owns 51,748 shares in the company, valued at $7,612,130.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Paul Martin Purcell sold 1,556 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $124.43, for a total transaction of $193,613.08. Following the transaction, the director now owns 255,241 shares of the company’s stock, valued at approximately $31,759,637.63. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 130,265 shares of company stock valued at $18,467,586. 57.65% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sezzle

Several institutional investors and hedge funds have recently made changes to their positions in SEZL. Vanguard Group Inc. acquired a new position in Sezzle in the first quarter valued at about $13,369,000. Charles Schwab Investment Management Inc. grew its position in shares of Sezzle by 191.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 20,363 shares of the company’s stock valued at $3,474,000 after purchasing an additional 13,383 shares during the period. Navellier & Associates Inc. bought a new stake in Sezzle during the 3rd quarter worth approximately $1,217,000. Bank of New York Mellon Corp acquired a new stake in Sezzle during the 2nd quarter worth approximately $611,000. Finally, XTX Topco Ltd bought a new position in Sezzle in the second quarter valued at approximately $544,000. Institutional investors and hedge funds own 2.02% of the company’s stock.

Sezzle Company Profile

(Get Free Report)

Sezzle Inc operates as a technology-enabled payments company primarily in the United States and Canada. The company provides payment solution in-store and at online retail stores; and through proprietary payments solution that connects consumers with merchants. It also offers Sezzle Platform that provides a payments solution for consumers that extends credit at the point-of-sale allowing consumers to purchase and receive the ordered merchandise at the time of sale while paying in installments over time; Pay-in-Four, which allows consumers to pay a fourth of the purchase price up front and then another fourth of the purchase price every two weeks thereafter over a total of six weeks; Pay-in-Full that allows consumers to pay for the full value of their order up-front through the Sezzle Platform without the extension of credit; and Pay-in-Two and other alternative installment options, which allow consumer to pay half of the value of their order up-front and the second half in two weeks.

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