Sezzle (NASDAQ:SEZL) Shares Gap Up – Time to Buy?

Sezzle Inc. (NASDAQ:SEZL) shares gapped up prior to trading on Friday . The stock had previously closed at $250.47, but opened at $350.00. Sezzle shares last traded at $375.00, with a volume of 45,688 shares changing hands.

Analysts Set New Price Targets

SEZL has been the topic of a number of research reports. B. Riley boosted their price objective on Sezzle from $132.00 to $163.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Northland Securities reiterated an “outperform” rating and issued a $185.00 price objective (up previously from $150.00) on shares of Sezzle in a report on Monday, September 23rd.

Sezzle Price Performance

The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 47.39 and a beta of 8.49. The company has a fifty day simple moving average of $173.51 and a 200 day simple moving average of $115.21.

Sezzle (NASDAQ:SEZL) last released its earnings results on Wednesday, August 7th. The company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $1.33. The business had revenue of $55.97 million during the quarter, compared to the consensus estimate of $43.35 million. Sezzle had a net margin of 21.77% and a return on equity of 84.38%. Equities research analysts forecast that Sezzle Inc. will post 6.71 EPS for the current fiscal year.

Insider Activity at Sezzle

In other news, COO Amin Sabzivand sold 1,500 shares of Sezzle stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $205.57, for a total value of $308,355.00. Following the completion of the transaction, the chief operating officer now directly owns 46,860 shares of the company’s stock, valued at approximately $9,633,010.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Sezzle news, COO Amin Sabzivand sold 1,500 shares of the stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $205.57, for a total transaction of $308,355.00. Following the transaction, the chief operating officer now directly owns 46,860 shares in the company, valued at approximately $9,633,010.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul Martin Purcell sold 29,924 shares of Sezzle stock in a transaction on Monday, August 12th. The shares were sold at an average price of $121.61, for a total transaction of $3,639,057.64. Following the completion of the sale, the director now owns 269,716 shares of the company’s stock, valued at $32,800,162.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 160,989 shares of company stock worth $22,207,483 over the last quarter. Company insiders own 57.65% of the company’s stock.

Hedge Funds Weigh In On Sezzle

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Covestor Ltd bought a new stake in Sezzle in the 3rd quarter valued at about $38,000. Principal Financial Group Inc. bought a new stake in shares of Sezzle during the third quarter valued at approximately $548,000. OmniStar Financial Group Inc. acquired a new position in shares of Sezzle during the third quarter worth approximately $354,000. Creative Planning bought a new position in shares of Sezzle in the 3rd quarter worth $383,000. Finally, SG Americas Securities LLC bought a new position in shares of Sezzle in the 3rd quarter worth $165,000. Institutional investors own 2.02% of the company’s stock.

About Sezzle

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.