B. Riley Reaffirms “Buy” Rating for Sezzle (NASDAQ:SEZL)

Sezzle (NASDAQ:SEZL)‘s stock had its “buy” rating reissued by investment analysts at B. Riley in a report issued on Thursday,Benzinga reports. They presently have a $372.00 price target on the stock, up from their prior price target of $353.00. B. Riley’s target price would indicate a potential upside of 45.48% from the stock’s current price.

Separately, Northland Securities upped their price objective on Sezzle from $300.00 to $360.00 and gave the company an “outperform” rating in a research report on Thursday.

Sezzle Price Performance

Shares of NASDAQ:SEZL traded up $13.54 on Thursday, reaching $255.71. The company’s stock had a trading volume of 92,382 shares, compared to its average volume of 91,955. The company has a 50-day simple moving average of $307.21 and a 200 day simple moving average of $180.43. 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 company has a market cap of $1.43 billion, a P/E ratio of 27.20 and a beta of 9.23. Sezzle has a 52-week low of $15.00 and a 52-week high of $477.52.

Insider Activity at Sezzle

In related news, SVP Justin Krause sold 1,500 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $178.00, for a total value of $267,000.00. Following the completion of the sale, the senior vice president now directly owns 16,533 shares of the company’s stock, valued at $2,942,874. This represents a 8.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul Martin Purcell sold 1,800 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $165.35, for a total value of $297,630.00. Following the sale, the director now directly owns 117,450 shares in the company, valued at $19,420,357.50. This trade represents a 1.51 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,448 shares of company stock worth $7,470,923. Insiders own 57.65% of the company’s stock.

Institutional Investors Weigh In On Sezzle

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

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.