Sezzle (NASDAQ:SEZL) Hits New 12-Month High at $142.48

Sezzle Inc. (NASDAQ:SEZL) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $142.48 and last traded at $141.16, with a volume of 62496 shares trading hands. The stock had previously closed at $133.31.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Northland Capmk upgraded shares of Sezzle to a “strong-buy” rating in a research report on Tuesday, July 9th. B. Riley upped their price objective on shares of Sezzle from $132.00 to $163.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Finally, Northland Securities reiterated an “outperform” rating and set a $150.00 target price (up previously from $119.00) on shares of Sezzle in a research report on Thursday, August 29th.

Sezzle Trading Up 0.7 %

The company has a 50 day simple moving average of $107.48 and a 200 day simple moving average of $82.40. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $841.74 million and a PE ratio of 64.99.

Sezzle (NASDAQ:SEZL) last released its quarterly earnings results on Wednesday, August 7th. The company reported $2.17 EPS for the quarter, topping 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 business had revenue of $55.97 million during the quarter, compared to analysts’ expectations of $43.35 million. Analysts predict that Sezzle Inc. will post 6.71 earnings per share for the current fiscal year.

Insider Transactions at Sezzle

In other news, Director Paul Paradis sold 1,645 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $75.03, for a total value of $123,424.35. Following the completion of the transaction, the director now owns 187,917 shares in the company, valued at approximately $14,099,412.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Sezzle news, Director Paul Paradis sold 1,645 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $75.03, for a total transaction of $123,424.35. Following the sale, the director now directly owns 187,917 shares in the company, valued at $14,099,412.51. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Paul Martin Purcell sold 2,022 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $83.35, for a total transaction of $168,533.70. Following the completion of the sale, the director now owns 447,665 shares in the company, valued at $37,312,877.75. The disclosure for this sale can be found here. In the last three months, insiders sold 199,164 shares of company stock valued at $22,405,358. Corporate insiders own 57.65% of the company’s stock.

Institutional Investors Weigh In On Sezzle

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. purchased a new position in shares of Sezzle during the 1st quarter worth $13,369,000. Rhumbline Advisers purchased a new stake in Sezzle in the 2nd quarter valued at about $203,000. Bank of New York Mellon Corp purchased a new position in shares of Sezzle during the 2nd quarter worth about $611,000. XTX Topco Ltd acquired a new stake in shares of Sezzle in the second quarter worth approximately $544,000. Finally, Divisadero Street Capital Management LP purchased a new stake in Sezzle in the second quarter valued at approximately $356,000. 2.02% of the stock is currently owned by hedge funds and other institutional investors.

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.