Sezzle (NASDAQ:SEZL) Trading Up 7% – Should You Buy?

Sezzle Inc. (NASDAQ:SEZL) was up 7% during mid-day trading on Thursday . The company traded as high as $423.00 and last traded at $417.50. Approximately 16,039 shares were traded during trading, a decline of 82% from the average daily volume of 88,588 shares. The stock had previously closed at $390.12.

Analyst Ratings Changes

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

Sezzle Stock Performance

The firm’s 50 day moving average price is $223.31 and its 200-day moving average price is $138.31. 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 firm has a market capitalization of $2.59 billion, a PE ratio of 44.41 and a beta of 8.49.

Insider Buying and Selling at Sezzle

In other news, Director Paul Paradis sold 4,026 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $400.00, for a total value of $1,610,400.00. Following the completion of the sale, the director now owns 68,846 shares of the company’s stock, valued at $27,538,400. This represents a 5.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Paul Martin Purcell sold 10,000 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $134.22, for a total transaction of $1,342,200.00. Following the transaction, the director now directly owns 183,858 shares of the company’s stock, valued at $24,677,420.76. The trade was a 5.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 99,828 shares of company stock worth $15,918,151. Insiders own 57.65% of the company’s stock.

Hedge Funds Weigh In On Sezzle

Hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd purchased a new position in shares of Sezzle during the 2nd quarter worth approximately $544,000. Vanguard Group Inc. purchased a new position in shares of Sezzle during the 1st quarter worth approximately $13,369,000. Divisadero Street Capital Management LP purchased a new position in shares of Sezzle during the 2nd quarter worth approximately $356,000. Creative Planning purchased a new position in shares of Sezzle during the 3rd quarter worth approximately $383,000. Finally, Bank of New York Mellon Corp purchased a new position in Sezzle in the 2nd quarter valued at approximately $611,000. 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.