Northland Securities Boosts Sezzle (NASDAQ:SEZL) Price Target to $300.00

Sezzle (NASDAQ:SEZL) had its price target increased by equities researchers at Northland Securities from $185.00 to $300.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Northland Securities’ price objective would indicate a potential downside of 29.32% from the stock’s previous close.

Separately, 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 report on Friday, August 23rd.

Sezzle Stock Up 69.5 %

Shares of SEZL stock traded up $173.96 during trading hours on Friday, reaching $424.43. The company had a trading volume of 395,478 shares, compared to its average volume of 86,303. The company has a market capitalization of $2.37 billion, a P/E ratio of 60.55 and a beta of 8.49. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.07 and a current ratio of 2.07. Sezzle has a twelve month low of $9.75 and a twelve month high of $430.00. The stock’s fifty day simple moving average is $173.51 and its 200 day simple moving average is $115.21.

Sezzle (NASDAQ:SEZL) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $2.17 earnings per share (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 the consensus estimate of $43.35 million. As a group, sell-side analysts expect that Sezzle will post 6.71 earnings per share for the current fiscal year.

Insider Activity at Sezzle

In other Sezzle news, Director Paul Martin Purcell sold 29,924 shares of Sezzle stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $121.61, for a total transaction of $3,639,057.64. Following the sale, the director now directly owns 269,716 shares in the company, valued at $32,800,162.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Paul Martin Purcell sold 29,924 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $121.61, for a total value of $3,639,057.64. Following the completion of the sale, the director now owns 269,716 shares of the company’s stock, valued at approximately $32,800,162.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Amin Sabzivand sold 1,500 shares of the stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $205.57, for a total transaction of $308,355.00. Following the transaction, the chief operating officer now directly owns 46,860 shares in the company, valued at $9,633,010.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 160,989 shares of company stock valued at $22,207,483. Insiders own 57.65% of the company’s stock.

Institutional Investors Weigh In On Sezzle

Institutional investors have recently made changes to their positions in the company. Covestor Ltd bought a new position in Sezzle during the third quarter worth $38,000. SG Americas Securities LLC acquired a new stake in shares of Sezzle during the third quarter worth $165,000. OmniStar Financial Group Inc. bought a new position in shares of Sezzle in the 3rd quarter worth about $354,000. Creative Planning acquired a new position in shares of Sezzle in the 3rd quarter valued at about $383,000. Finally, Rhumbline Advisers bought a new stake in shares of Sezzle during the 2nd quarter valued at about $203,000. 2.02% of the stock is currently owned by 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.