Sezzle (NASDAQ:SEZL) Trading Up 7.1% – Still a Buy?

Sezzle Inc. (NASDAQ:SEZL)’s stock price rose 7.1% during mid-day trading on Monday . The company traded as high as $331.38 and last traded at $331.00. Approximately 33,287 shares were traded during trading, a decline of 63% from the average daily volume of 89,839 shares. The stock had previously closed at $309.01.

Analysts Set New Price Targets

Several equities research analysts recently commented on SEZL shares. Northland Securities boosted their price target on shares of Sezzle from $185.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. B. Riley boosted their target price on shares of Sezzle from $132.00 to $163.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd.

Sezzle Price Performance

The stock’s fifty day moving average price is $305.49 and its 200-day moving average price is $179.99. The firm has a market cap of $1.36 billion, a PE ratio of 25.76 and a beta of 9.23. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.40 and a quick ratio of 2.40.

Insider Buying and Selling

In other news, Director Paul Martin Purcell sold 2,401 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $465.72, for a total transaction of $1,118,193.72. Following the completion of the sale, the director now owns 58,275 shares in the company, valued at $27,139,833. This trade represents a 3.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Amin Sabzivand sold 1,500 shares of Sezzle stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $187.00, for a total transaction of $280,500.00. Following the sale, the chief operating officer now directly owns 48,360 shares in the company, valued at approximately $9,043,320. The trade was a 3.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,566 shares of company stock worth $8,752,707. 57.65% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sezzle

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its holdings in Sezzle by 191.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 20,363 shares of the company’s stock valued at $3,474,000 after buying an additional 13,383 shares during the period. Navellier & Associates Inc. acquired a new position in shares of Sezzle in the 3rd quarter worth approximately $1,217,000. Bank of New York Mellon Corp acquired a new stake in Sezzle in the 2nd quarter valued at approximately $611,000. XTX Topco Ltd acquired a new position in Sezzle during the second quarter worth $544,000. Finally, Divisadero Street Capital Management LP purchased a new position in shares of Sezzle during the second quarter worth $356,000. Hedge funds and other 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.