Sezzle (NASDAQ:SEZL) Shares Gap Up – Here’s What Happened

Sezzle Inc. (NASDAQ:SEZL) shares gapped up before the market opened on Wednesday . The stock had previously closed at $315.18, but opened at $324.30. Sezzle shares last traded at $313.70, with a volume of 8,602 shares.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SEZL. Northland Securities lifted their price target on Sezzle from $300.00 to $360.00 and gave the stock an “outperform” rating in a research note on Thursday. B. Riley reiterated a “buy” rating and issued a $372.00 price target (up from $353.00) on shares of Sezzle in a research report on Thursday.

Sezzle Trading Up 0.5 %

The business has a 50 day simple moving average of $308.89 and a 200-day simple moving average of $180.86. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 25.89 and a beta of 9.23.

Insider Buying and Selling

In other Sezzle news, Director Paul Martin Purcell sold 7,824 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $164.86, for a total transaction of $1,289,864.64. Following the completion of the sale, the director now directly owns 82,776 shares in the company, valued at $13,646,451.36. The trade was a 8.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kyle M. Brehm purchased 106 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average cost of $402.00 per share, with a total value of $42,612.00. Following the completion of the transaction, the director now owns 3,608 shares in the company, valued at $1,450,416. This trade represents a 3.03 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 32,448 shares of company stock valued at $7,470,923. 57.65% of the stock is currently owned by company insiders.

Institutional Trading of Sezzle

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Covestor Ltd purchased a new position in shares of Sezzle during the 3rd quarter valued at approximately $38,000. SG Americas Securities LLC acquired a new position in Sezzle during the 3rd quarter worth $165,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Sezzle in the 3rd quarter valued at about $188,000. Rhumbline Advisers bought a new position in shares of Sezzle during the second quarter worth about $203,000. Finally, MetLife Investment Management LLC raised its stake in Sezzle by 129.2% during the third quarter. MetLife Investment Management LLC now owns 1,446 shares of the company’s stock valued at $247,000 after buying an additional 815 shares in the last quarter. 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.