Sezzle (NASDAQ:SEZL) Hits New 52-Week High at $142.48

Sezzle Inc. (NASDAQ:SEZL)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $142.48 and last traded at $141.16, with a volume of 62496 shares trading hands. The stock had previously closed at $133.31.

Wall Street Analyst Weigh In

SEZL has been the subject of a number of analyst reports. B. Riley upped their price target on Sezzle from $132.00 to $163.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Northland Securities reaffirmed an “outperform” rating and set a $150.00 price target (up from $119.00) on shares of Sezzle in a report on Thursday, August 29th. Finally, Northland Capmk upgraded shares of Sezzle to a “strong-buy” rating in a report on Tuesday, July 9th.

Sezzle Stock Performance

The company has a market capitalization of $841.74 million and a price-to-earnings ratio of 64.99. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 1.37. The stock has a 50-day simple moving average of $107.48 and a 200-day simple moving average of $82.40.

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

Insider Transactions at Sezzle

In related news, Director Paul Martin Purcell sold 3,955 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $82.19, for a total value of $325,061.45. Following the completion of the sale, the director now directly owns 460,761 shares of the company’s stock, valued at $37,869,946.59. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, SVP Justin Krause sold 2,000 shares of the firm’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $80.04, for a total value of $160,080.00. Following the transaction, the senior vice president now directly owns 14,658 shares in the company, valued at approximately $1,173,226.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Paul Martin Purcell sold 3,955 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $82.19, for a total transaction of $325,061.45. Following the sale, the director now directly owns 460,761 shares of the company’s stock, valued at approximately $37,869,946.59. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 199,164 shares of company stock valued at $22,405,358. Insiders own 57.65% of the company’s stock.

Hedge Funds Weigh In On Sezzle

Institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers acquired a new position in shares of Sezzle during the second quarter valued at $203,000. Divisadero Street Capital Management LP bought a new stake in Sezzle in the 2nd quarter valued at about $356,000. XTX Topco Ltd acquired a new position in Sezzle during the 2nd quarter valued at about $544,000. Bank of New York Mellon Corp bought a new position in Sezzle in the 2nd quarter worth approximately $611,000. Finally, Vanguard Group Inc. bought a new stake in Sezzle during the 1st quarter valued at $13,369,000. 2.02% of the stock is owned by 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.