B. Riley Reiterates Buy Rating for Sezzle (NASDAQ:SEZL)

B. Riley reissued their buy rating on shares of Sezzle (NASDAQ:SEZL - Free Report) in a research note issued to investors on Thursday,Benzinga reports. They currently have a $372.00 price target on the stock, up from their previous price target of $353.00.

Separately, Northland Securities lifted their price objective on Sezzle from $300.00 to $360.00 and gave the company an "outperform" rating in a research note on Thursday.

Sezzle Trading Up 0.5 %

Sezzle stock traded up $1.15 during midday trading on Thursday, reaching $243.32. 245,572 shares of the stock traded hands, compared to its average volume of 92,591. 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 firm has a market cap of $1.36 billion, a PE ratio of 25.89 and a beta of 9.23. The company has a 50-day simple moving average of $307.21 and a two-hundred day simple moving average of $180.43. Sezzle has a 12-month low of $15.00 and a 12-month high of $477.52.

Insider Transactions at Sezzle

In other Sezzle news, Director Paul Paradis sold 4,026 shares of Sezzle stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $400.00, for a total value of $1,610,400.00. Following the sale, the director now owns 68,846 shares of the company's stock, valued at approximately $27,538,400. The trade was a 5.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul Martin Purcell sold 1,800 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director now directly owns 117,450 shares of the company's stock, valued at $19,420,357.50. This represents a 1.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,448 shares of company stock worth $7,470,923 over the last 90 days. 57.65% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sezzle

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

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.