Sezzle (NASDAQ:SEZL) Trading Up 7.7% – Here’s What Happened

Sezzle Inc. (NASDAQ:SEZL) was up 7.7% on Thursday . The stock traded as high as $206.50 and last traded at $204.81. Approximately 22,604 shares changed hands during trading, a decline of 73% from the average daily volume of 84,414 shares. The stock had previously closed at $190.17.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. B. Riley boosted their price target on Sezzle from $132.00 to $163.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Northland Capmk raised Sezzle to a “strong-buy” rating in a research report on Tuesday, July 9th. Finally, Northland Securities reiterated an “outperform” rating and set a $185.00 price target (up previously from $150.00) on shares of Sezzle in a report on Monday, September 23rd.

Sezzle Trading Up 2.0 %

The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.37. The company has a 50-day moving average price of $157.43 and a 200-day moving average price of $105.36. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 93.40 and a beta of 8.93.

Sezzle (NASDAQ:SEZL) last released its earnings results on Wednesday, August 7th. The company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $1.33. Sezzle had a return on equity of 84.38% and a net margin of 21.77%. The firm had revenue of $55.97 million for the quarter, compared to analyst estimates of $43.35 million. Research analysts predict that Sezzle Inc. will post 6.71 EPS for the current fiscal year.

Insider Transactions at Sezzle

In related news, Director Paul Martin Purcell sold 500 shares of the company’s 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 directly owns 208,738 shares in the company, valued at $26,534,774.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Paul Martin Purcell sold 500 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $127.12, for a total transaction of $63,560.00. Following the transaction, the director now directly owns 208,738 shares in the company, valued at $26,534,774.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Amin Sabzivand sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $147.10, for a total value of $220,650.00. Following the completion of the sale, the chief operating officer now owns 51,748 shares of the company’s stock, valued at $7,612,130.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 169,787 shares of company stock worth $22,972,798. Insiders own 57.65% of the company’s stock.

Hedge Funds Weigh In On Sezzle

A number of hedge funds have recently made changes to their positions in SEZL. SG Americas Securities LLC acquired a new stake in shares of Sezzle during the 3rd quarter valued at about $165,000. OmniStar Financial Group Inc. acquired a new stake in Sezzle during the third quarter valued at approximately $354,000. Creative Planning acquired a new stake in Sezzle during the third quarter valued at approximately $383,000. Rhumbline Advisers acquired a new position in shares of Sezzle in the 2nd quarter worth approximately $203,000. Finally, Divisadero Street Capital Management LP acquired a new position in shares of Sezzle in the 2nd quarter worth approximately $356,000. Institutional investors and hedge funds own 2.02% of the company’s stock.

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.