Sezzle (NASDAQ:SEZL) Sets New 12-Month High on Insider Buying Activity

Sezzle Inc. (NASDAQ:SEZL) shares hit a new 52-week high on Friday after an insider bought additional shares in the company. The stock traded as high as $470.00 and last traded at $450.15, with a volume of 32736 shares trading hands. The stock had previously closed at $446.05.

Specifically, Director Kyle M. Brehm bought 106 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were bought at an average price of $402.00 per share, for a total transaction of $42,612.00. Following the purchase, the director now owns 3,608 shares in the company, valued at $1,450,416. This represents a 3.03 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

Analysts Set New Price Targets

A number of brokerages have issued reports on SEZL. B. Riley increased their price target on Sezzle from $132.00 to $163.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Northland Securities increased their target price on Sezzle from $185.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th.

Sezzle Stock Performance

The company has a market capitalization of $2.53 billion, a P/E ratio of 47.54 and a beta of 8.49. 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 business’s fifty day simple moving average is $229.26 and its 200-day simple moving average is $140.46.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. bought a new stake in shares of Sezzle in the 1st quarter valued at approximately $13,369,000. Charles Schwab Investment Management Inc. grew its stake in 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 acquiring an additional 13,383 shares in the last quarter. Navellier & Associates Inc. bought a new stake in Sezzle during the 3rd quarter valued at $1,217,000. Bank of New York Mellon Corp bought a new stake in shares of Sezzle in the second quarter valued at about $611,000. Finally, XTX Topco Ltd bought a new position in Sezzle during the 2nd quarter worth about $544,000. Hedge funds and other 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.