Sezzle (NASDAQ:SEZL) Sets New 12-Month High – Should You Buy?

Shares of Sezzle Inc. (NASDAQ:SEZL) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $189.34 and last traded at $189.34, with a volume of 42535 shares changing hands. The stock had previously closed at $179.75.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SEZL shares. Northland Securities restated an “outperform” rating and set a $185.00 target price (up previously from $150.00) on shares of Sezzle in a research report on Monday, September 23rd. Northland Capmk raised shares of Sezzle to a “strong-buy” rating in a research note on Tuesday, July 9th. Finally, B. Riley raised their price target 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.

Sezzle Trading Up 4.5 %

The firm has a market cap of $1.05 billion, a P/E ratio of 27.48 and a beta of 8.93. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.37. The firm’s 50-day simple moving average is $139.89 and its 200 day simple moving average is $97.62.

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

Insiders Place Their Bets

In other news, Director Paul Martin Purcell sold 7,824 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $164.86, for a total value of $1,289,864.64. Following the completion of the sale, the director now directly owns 82,776 shares in the company, valued at approximately $13,646,451.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Paul Martin Purcell sold 7,824 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $164.86, for a total value of $1,289,864.64. Following the completion of the sale, the director now directly owns 82,776 shares in the company, valued at approximately $13,646,451.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Justin Krause sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $178.00, for a total transaction of $267,000.00. Following the completion of the sale, the senior vice president now owns 16,533 shares of the company’s stock, valued at approximately $2,942,874. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 171,517 shares of company stock valued at $22,791,570 in the last quarter. Corporate insiders own 57.65% of the company’s stock.

Institutional Investors Weigh In On Sezzle

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. bought a new stake in Sezzle during the 1st quarter valued at $13,369,000. Bank of New York Mellon Corp bought a new stake in Sezzle during the 2nd quarter valued at $611,000. XTX Topco Ltd bought a new position in Sezzle in the 2nd quarter worth $544,000. Divisadero Street Capital Management LP bought a new position in Sezzle in the 2nd quarter worth $356,000. Finally, Rhumbline Advisers bought a new position in Sezzle in the 2nd quarter worth $203,000. 2.02% of the stock is currently 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.