Sezzle (NASDAQ:SEZL) Trading Up 6.4% - Here's What Happened

Sezzle Inc. (NASDAQ:SEZL - Get Free Report)'s stock price was up 6.4% during mid-day trading on Monday . The company traded as high as $166.57 and last traded at $165.29. Approximately 37,346 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 83,800 shares. The stock had previously closed at $155.35.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SEZL shares. Northland Securities reaffirmed an "outperform" rating and issued a $185.00 target price (up previously from $150.00) on shares of Sezzle in a research report on Monday, September 23rd. Northland Capmk raised Sezzle to a "strong-buy" rating in a research report on Tuesday, July 9th. Finally, 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.

Sezzle Trading Up 5.6 %

The company has a market cap of $928.08 million, a P/E ratio of 71.93 and a beta of 8.93. The business has a fifty day moving average price of $131.52 and a 200-day moving average price of $94.64. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.37.

Sezzle (NASDAQ:SEZL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $2.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $1.33. The company had revenue of $55.97 million during the quarter, compared to analysts' expectations of $43.35 million. Sezzle had a return on equity of 84.38% and a net margin of 21.77%. On average, analysts forecast that Sezzle Inc. will post 6.71 earnings per share for the current year.

Insider Activity at Sezzle

In other Sezzle news, COO Amin Sabzivand sold 1,500 shares of the firm's stock in a transaction 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 sale, the chief operating officer now owns 51,748 shares of the company's stock, valued at approximately $7,612,130.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, SVP Justin Krause sold 1,619 shares of the firm's stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $98.00, for a total transaction of $158,662.00. Following the sale, the senior vice president now owns 16,533 shares of the company's stock, valued at $1,620,234. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Amin Sabzivand sold 1,500 shares of the firm's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $147.10, for a total value of $220,650.00. Following the sale, the chief operating officer now directly owns 51,748 shares in the company, valued at approximately $7,612,130.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 175,520 shares of company stock worth $23,153,634. Company insiders own 57.65% of the company's stock.

Hedge Funds Weigh In On Sezzle

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. purchased a new position in Sezzle during the 1st quarter worth $13,369,000. Bank of New York Mellon Corp bought a new position in shares of Sezzle in the second quarter worth approximately $611,000. XTX Topco Ltd purchased a new stake in Sezzle in the second quarter worth approximately $544,000. Divisadero Street Capital Management LP purchased a new stake in Sezzle in the second quarter worth approximately $356,000. Finally, Rhumbline Advisers purchased a new stake in Sezzle in the second quarter worth approximately $203,000. Institutional investors own 2.02% of the company's stock.

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.