Sezzle (NASDAQ:SEZL) Trading 5.3% Higher – Here’s What Happened

Sezzle Inc. (NASDAQ:SEZL)’s stock price was up 5.3% during trading on Thursday . The company traded as high as $269.30 and last traded at $269.30. Approximately 8,252 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 92,538 shares. The stock had previously closed at $255.74.

Analyst Ratings Changes

A number of research firms have weighed in on SEZL. B. Riley reissued a “buy” rating and issued a $372.00 target price (up previously from $353.00) on shares of Sezzle in a report on Thursday, December 19th. Northland Securities increased their price target on shares of Sezzle from $300.00 to $360.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th.

Sezzle Price Performance

The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.40 and a current ratio of 2.40. The firm has a market cap of $1.49 billion, a PE ratio of 28.25 and a beta of 9.23. The firm has a fifty day simple moving average of $314.43 and a two-hundred day simple moving average of $186.48.

Insider Activity

In other news, Director Kyle M. Brehm acquired 106 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were bought at an average price of $402.00 per share, with a total value of $42,612.00. Following the completion of the purchase, the director now directly owns 3,608 shares in the company, valued at $1,450,416. This trade represents a 3.03 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul Martin Purcell sold 9,808 shares of the company’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $170.43, for a total value of $1,671,577.44. Following the completion of the sale, the director now owns 91,833 shares of the company’s stock, valued at $15,651,098.19. This represents a 9.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,339 shares of company stock valued at $6,760,504. 57.65% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sezzle

Several institutional investors have recently bought and sold shares of the business. 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 worth $3,474,000 after buying an additional 13,383 shares during the last quarter. Virtu Financial LLC purchased a new stake in Sezzle in the third quarter valued at about $276,000. Principal Financial Group Inc. purchased a new stake in shares of Sezzle during the third quarter worth about $548,000. Navellier & Associates Inc. purchased a new position in shares of Sezzle in the 3rd quarter valued at approximately $1,217,000. Finally, XTX Topco Ltd acquired a new stake in Sezzle in the 2nd quarter worth approximately $544,000. 2.02% of the stock is owned by hedge funds and other institutional investors.

Sezzle Company Profile

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.