Sezzle (NASDAQ:SEZL) Trading 8.2% Higher – Time to Buy?

Shares of Sezzle Inc. (NASDAQ:SEZL) were up 8.2% during trading on Tuesday . The company traded as high as $240.19 and last traded at $240.19. Approximately 16,239 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 115,183 shares. The stock had previously closed at $221.94.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Northland Securities boosted their price objective on Sezzle from $300.00 to $360.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. B. Riley restated a “buy” rating and issued a $372.00 price objective (up previously from $353.00) on shares of Sezzle in a research note on Thursday, December 19th.

Sezzle Trading Up 5.9 %

The firm has a market cap of $1.32 billion, a P/E ratio of 25.00 and a beta of 9.72. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54. The company’s fifty day moving average price is $326.36 and its two-hundred day moving average price is $203.35.

Insiders Place Their Bets

In other Sezzle news, Director Paul Martin Purcell sold 1,280 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $376.26, for a total value of $481,612.80. Following the completion of the sale, the director now owns 81,496 shares in the company, valued at approximately $30,663,684.96. This trade represents a 1.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kyle M. Brehm purchased 106 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were purchased at an average cost of $402.00 per share, for a total transaction of $42,612.00. Following the purchase, the director now directly owns 3,608 shares of the company’s stock, valued at $1,450,416. This trade represents a 3.03 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 9,207 shares of company stock valued at $3,518,562. 57.65% of the stock is currently owned by corporate insiders.

Institutional Trading of Sezzle

Hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp bought a new stake in shares of Sezzle during the second quarter worth $611,000. Rhumbline Advisers bought a new position in Sezzle during the 2nd quarter worth about $203,000. XTX Topco Ltd acquired a new stake in shares of Sezzle in the 2nd quarter valued at about $544,000. Divisadero Street Capital Management LP bought a new stake in Sezzle in the 2nd quarter valued at approximately $356,000. Finally, SG Americas Securities LLC acquired a new position in Sezzle during the 3rd quarter worth approximately $165,000. Institutional investors and hedge funds 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.