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

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

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. 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 report on Friday, August 23rd. Northland Securities raised their price objective on shares of Sezzle from $185.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, November 8th.

Sezzle Price Performance

The stock’s fifty day moving average price is $223.31 and its two-hundred day moving average price is $138.31. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 44.41 and a beta of 8.49. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54.

Insider Activity

In related news, Director Paul Paradis sold 4,026 shares of Sezzle stock in a transaction on Monday, November 18th. The shares were sold at an average price of $400.00, for a total transaction of $1,610,400.00. Following the sale, the director now directly owns 68,846 shares in the company, valued at $27,538,400. This trade represents a 5.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul Martin Purcell sold 500 shares of Sezzle stock in a transaction on Monday, August 26th. The shares were sold at an average price of $127.12, for a total transaction of $63,560.00. Following the completion of the transaction, the director now owns 208,738 shares in the company, valued at approximately $26,534,774.56. This represents a 0.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,828 shares of company stock worth $15,918,151. 57.65% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Covestor Ltd acquired a new position in Sezzle in the third quarter valued at $38,000. MetLife Investment Management LLC increased its stake in Sezzle by 129.2% in the third quarter. MetLife Investment Management LLC now owns 1,446 shares of the company’s stock valued at $247,000 after purchasing an additional 815 shares during the period. SG Americas Securities LLC acquired a new position in Sezzle in the third quarter valued at $165,000. Verition Fund Management LLC acquired a new position in Sezzle in the third quarter valued at $274,000. Finally, Virtu Financial LLC acquired a new position in Sezzle in the third quarter valued at $276,000. 2.02% of the stock is currently owned by institutional investors and hedge funds.

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.