Sezzle (NASDAQ:SEZL) Shares Gap Up – Should You Buy?

Sezzle Inc. (NASDAQ:SEZL) shares gapped up before the market opened on Monday . The stock had previously closed at $254.32, but opened at $268.00. Sezzle shares last traded at $289.34, with a volume of 47,934 shares.

Wall Street Analysts Forecast Growth

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

Sezzle Price Performance

The business’s 50-day moving average is $267.98 and its two-hundred day moving average is $224.85. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54. The company has a market capitalization of $1.48 billion, a P/E ratio of 28.15 and a beta of 9.56.

Insider Buying and Selling

In other news, Director Paul Paradis sold 4,026 shares of Sezzle stock in a transaction dated 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 transaction, the director now owns 68,846 shares in the company, valued at $27,538,400. This trade represents a 5.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Karen Hartje sold 3,457 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $316.32, for a total transaction of $1,093,518.24. Following the transaction, the chief financial officer now directly owns 35,121 shares of the company’s stock, valued at approximately $11,109,474.72. This represents a 8.96 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,164 shares of company stock worth $4,303,725. Insiders own 57.65% of the company’s stock.

Hedge Funds Weigh In On Sezzle

Several hedge funds have recently bought and sold shares of the company. Plato Investment Management Ltd bought a new stake in Sezzle during the fourth quarter valued at approximately $30,000. Covestor Ltd bought a new stake in shares of Sezzle in the 3rd quarter worth approximately $38,000. Modus Advisors LLC bought a new stake in shares of Sezzle in the 4th quarter worth approximately $80,000. Principal Securities Inc. bought a new stake in shares of Sezzle in the 4th quarter worth approximately $84,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Sezzle in the 4th quarter worth approximately $128,000. Hedge funds and other institutional investors own 2.02% of the company’s stock.

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.