Sezzle (NASDAQ:SEZL) Trading 7.1% Higher – Here’s What Happened

Sezzle Inc. (NASDAQ:SEZL) rose 7.1% during trading on Monday . The company traded as high as $331.38 and last traded at $331.00. Approximately 33,287 shares traded hands during trading, a decline of 63% from the average daily volume of 89,839 shares. The stock had previously closed at $309.01.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SEZL. B. Riley upped their price target on shares of Sezzle from $132.00 to $163.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Northland Securities upped their target price on Sezzle from $185.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, November 8th.

Sezzle Trading Down 23.2 %

The firm has a market capitalization of $1.36 billion, a PE ratio of 25.76 and a beta of 9.23. 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’s 50-day simple moving average is $305.49 and its 200 day simple moving average is $179.99.

Insider Activity

In other Sezzle news, Director Paul Martin Purcell sold 6,618 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $157.87, for a total value of $1,044,783.66. Following the completion of the transaction, the director now owns 120,047 shares of the company’s stock, valued at approximately $18,951,819.89. This trade represents a 5.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kyle M. Brehm acquired 106 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were bought at an average cost of $402.00 per share, for a total transaction of $42,612.00. Following the completion of the acquisition, the director now directly owns 3,608 shares of the company’s stock, valued at approximately $1,450,416. The trade was a 3.03 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 40,566 shares of company stock worth $8,752,707. Insiders own 57.65% of the company’s stock.

Hedge Funds Weigh In On Sezzle

Institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp acquired a new stake in shares of Sezzle in the second quarter worth $611,000. Rhumbline Advisers acquired a new position in shares of Sezzle in the second quarter worth about $203,000. XTX Topco Ltd purchased a new stake in shares of Sezzle during the 2nd quarter worth about $544,000. Divisadero Street Capital Management LP acquired a new stake in shares of Sezzle during the 2nd quarter valued at about $356,000. Finally, SG Americas Securities LLC purchased a new position in shares of Sezzle in the 3rd quarter valued at about $165,000. 2.02% of the stock is 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.