Sezzle (NASDAQ:SEZL) Hits New 12-Month High – Here’s Why

Sezzle Inc. (NASDAQ:SEZL)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $235.00 and last traded at $234.69, with a volume of 39152 shares traded. The stock had previously closed at $216.42.

Analysts Set New Price Targets

SEZL has been the subject of a number of research analyst reports. Northland Securities reaffirmed an “outperform” rating and issued a $185.00 target price (up from $150.00) on shares of Sezzle in a research note on Monday, September 23rd. B. Riley upped their target price on shares of Sezzle from $132.00 to $163.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Finally, Northland Capmk raised shares of Sezzle to a “strong-buy” rating in a research note on Tuesday, July 9th.

Sezzle Stock Down 0.8 %

The business has a fifty day moving average of $166.54 and a 200 day moving average of $110.56. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.37. The firm has a market cap of $1.19 billion, a P/E ratio of 30.62 and a beta of 8.93.

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

Insider Activity

In other Sezzle news, Director Paul Paradis sold 1,645 shares of Sezzle stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $102.89, for a total transaction of $169,254.05. Following the transaction, the director now directly owns 186,272 shares in the company, valued at approximately $19,165,526.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, COO Amin Sabzivand sold 1,500 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $7,612,130.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul Paradis sold 1,645 shares of Sezzle stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $102.89, for a total value of $169,254.05. Following the completion of the sale, the director now directly owns 186,272 shares in the company, valued at $19,165,526.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 162,634 shares of company stock valued at $22,376,737 in the last quarter. Company insiders own 57.65% of the company’s stock.

Institutional Investors Weigh In On Sezzle

Several institutional investors have recently bought and sold shares of SEZL. XTX Topco Ltd bought a new stake in Sezzle during the second quarter worth about $544,000. Vanguard Group Inc. acquired a new stake in shares of Sezzle in the 1st quarter valued at approximately $13,369,000. Divisadero Street Capital Management LP bought a new position in shares of Sezzle in the second quarter valued at $356,000. Bank of New York Mellon Corp acquired a new position in Sezzle during the second quarter worth $611,000. Finally, SG Americas Securities LLC acquired a new stake in Sezzle in the third quarter valued at $165,000. Institutional investors own 2.02% of the company’s stock.

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.