Sezzle (NASDAQ:SEZL) Trading Up 7.1% – Time to Buy?

Sezzle Inc. (NASDAQ:SEZL)’s share price shot up 7.1% during mid-day trading on Monday . The stock traded as high as $331.38 and last traded at $331.00. 33,287 shares changed hands during trading, a decline of 63% from the average session volume of 89,839 shares. The stock had previously closed at $309.01.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SEZL shares. B. Riley raised their price objective on Sezzle from $132.00 to $163.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Northland Securities raised their price target on shares of Sezzle from $185.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, November 8th.

Sezzle Stock Up 5.9 %

The stock has a 50-day moving average of $299.18 and a 200 day moving average of $176.60. The company has a market capitalization of $1.84 billion, a PE ratio of 35.21 and a beta of 9.23. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54.

Insider Buying and Selling at Sezzle

In related news, Director Kyle M. Brehm purchased 110 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were bought at an average price of $360.00 per share, with a total value of $39,600.00. Following the acquisition, the director now owns 3,718 shares of the company’s stock, valued at $1,338,480. This trade represents a 3.05 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Amin Sabzivand sold 1,500 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $187.00, for a total value of $280,500.00. Following the transaction, the chief operating officer now directly owns 48,360 shares of the company’s stock, valued at approximately $9,043,320. This trade represents a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,566 shares of company stock worth $8,752,707 in the last quarter. 57.65% of the stock is currently owned by company insiders.

Institutional Trading of Sezzle

Hedge funds have recently made changes to their positions in the company. Covestor Ltd purchased a new stake in Sezzle in the 3rd quarter worth about $38,000. MetLife Investment Management LLC boosted its holdings in Sezzle by 129.2% in the 3rd quarter. MetLife Investment Management LLC now owns 1,446 shares of the company’s stock worth $247,000 after buying an additional 815 shares during the period. SG Americas Securities LLC purchased a new position in Sezzle in the 3rd quarter valued at approximately $165,000. Wilmington Savings Fund Society FSB bought a new stake in Sezzle during the 3rd quarter valued at $188,000. Finally, Verition Fund Management LLC purchased a new stake in shares of Sezzle during the third quarter worth $274,000. 2.02% of the stock is currently owned by institutional investors.

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.