Sezzle (NASDAQ:SEZL) Stock Price Up 7.8% – Should You Buy?

Shares of Sezzle Inc. (NASDAQ:SEZL) rose 7.8% during mid-day trading on Wednesday . The stock traded as high as $402.25 and last traded at $396.64. Approximately 58,491 shares changed hands during trading, a decline of 34% from the average daily volume of 88,460 shares. The stock had previously closed at $367.95.

Analyst Ratings Changes

SEZL has been the subject of several research reports. B. Riley increased their price objective 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 increased their target price on shares of Sezzle from $185.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, November 8th.

Sezzle Price Performance

The company’s fifty day moving average is $197.27 and its 200 day moving average is $126.32. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 39.60 and a beta of 8.49. The company has a quick ratio of 2.07, a current ratio of 2.40 and a debt-to-equity ratio of 1.54.

Insider Buying and Selling at Sezzle

In other news, Director Paul Martin Purcell sold 809 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $180.21, for a total value of $145,789.89. Following the transaction, the director now directly owns 101,641 shares of the company’s stock, valued at $18,316,724.61. This represents a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Amin Sabzivand sold 1,500 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $147.10, for a total transaction of $220,650.00. Following the transaction, the chief operating officer now directly owns 51,748 shares in the company, valued at approximately $7,612,130.80. This represents a 2.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 128,709 shares of company stock worth $18,273,973 over the last quarter. 57.65% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sezzle

Hedge funds have recently bought and sold shares of the company. Covestor Ltd acquired a new stake in shares of Sezzle in the 3rd quarter valued at approximately $38,000. SG Americas Securities LLC acquired a new stake in shares of Sezzle in the 3rd quarter valued at approximately $165,000. MetLife Investment Management LLC boosted its stake in shares of Sezzle by 129.2% in the 3rd 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 in the last quarter. Verition Fund Management LLC acquired a new stake in shares of Sezzle in the 3rd quarter valued at approximately $274,000. Finally, OmniStar Financial Group Inc. acquired a new stake in shares of Sezzle in the 3rd quarter valued at approximately $354,000. 2.02% of the stock is 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.