Sezzle (NASDAQ:SEZL) Shares Up 5.3% – Still a Buy?

Sezzle Inc. (NASDAQ:SEZL) shares rose 5.3% on Thursday . The company traded as high as $269.30 and last traded at $269.30. Approximately 8,252 shares traded hands during trading, a decline of 91% from the average daily volume of 92,538 shares. The stock had previously closed at $255.74.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SEZL. B. Riley reiterated a “buy” rating and set a $372.00 price objective (up from $353.00) on shares of Sezzle in a research report on Thursday, December 19th. Northland Securities increased their price target on Sezzle from $300.00 to $360.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th.

Sezzle Trading Down 2.7 %

The business’s 50 day moving average price is $316.30 and its two-hundred day moving average price is $188.36. 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 company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 28.20 and a beta of 9.23.

Insiders Place Their Bets

In other Sezzle news, Director Kyle M. Brehm purchased 110 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was bought at an average cost of $360.00 per share, with a total value of $39,600.00. Following the acquisition, the director now owns 3,718 shares of the company’s stock, valued at $1,338,480. The trade was a 3.05 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Paul Martin Purcell sold 7,824 shares of Sezzle stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $164.86, for a total transaction of $1,289,864.64. Following the completion of the transaction, the director now directly owns 82,776 shares in the company, valued at $13,646,451.36. This represents a 8.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,339 shares of company stock worth $6,760,504 over the last ninety days. Company insiders own 57.65% of the company’s stock.

Institutional Investors Weigh In On Sezzle

A number of institutional investors and hedge funds have recently modified their holdings of SEZL. Bank of New York Mellon Corp acquired a new position in shares of Sezzle in the 2nd quarter worth $611,000. Rhumbline Advisers purchased a new position in Sezzle in the 2nd quarter worth about $203,000. XTX Topco Ltd acquired a new stake in Sezzle during the 2nd quarter worth about $544,000. Divisadero Street Capital Management LP purchased a new stake in Sezzle during the second quarter valued at about $356,000. Finally, SG Americas Securities LLC acquired a new position in shares of Sezzle in the third quarter worth about $165,000. Institutional investors and hedge funds 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.