Sezzle (NASDAQ:SEZL) Reaches New 1-Year High – Here’s What Happened

Sezzle Inc. (NASDAQ:SEZL)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $238.60 and last traded at $236.51, with a volume of 68343 shares changing hands. The stock had previously closed at $204.72.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Northland Capmk raised shares of Sezzle to a “strong-buy” rating in a report on Tuesday, July 9th. B. Riley increased their price objective on Sezzle from $132.00 to $163.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Finally, Northland Securities restated an “outperform” rating and issued a $185.00 target price (up previously from $150.00) on shares of Sezzle in a research report on Monday, September 23rd.

Sezzle Trading Up 18.2 %

The firm’s 50-day simple moving average is $173.51 and its 200-day simple moving average is $115.21. The firm has a market capitalization of $1.35 billion, a PE ratio of 34.53 and a beta of 8.49. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.37.

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

Insider Buying and Selling at Sezzle

In other Sezzle news, Director Paul Martin Purcell sold 500 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $127.12, for a total value of $63,560.00. Following the sale, the director now owns 208,738 shares of the company’s stock, valued at $26,534,774.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Sezzle news, COO Amin Sabzivand sold 1,500 shares of the company’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 completion of the transaction, the chief operating officer now directly owns 51,748 shares in the company, valued at approximately $7,612,130.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul Martin Purcell sold 500 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $127.12, for a total transaction of $63,560.00. Following the transaction, the director now owns 208,738 shares in the company, valued at $26,534,774.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 162,634 shares of company stock worth $22,376,737. 57.65% of the stock is currently owned by insiders.

Institutional Trading of Sezzle

Large investors have recently bought and sold shares of the company. Covestor Ltd bought a new position in shares of Sezzle in the 3rd quarter worth about $38,000. Principal Financial Group Inc. purchased a new stake in Sezzle in the third quarter worth about $548,000. OmniStar Financial Group Inc. bought a new position in shares of Sezzle during the third quarter valued at approximately $354,000. Creative Planning bought a new stake in shares of Sezzle in the 3rd quarter worth approximately $383,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Sezzle in the 3rd quarter worth approximately $165,000. 2.02% of the stock is owned by institutional investors.

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.