Sezzle (NASDAQ:SEZL) Shares Up 4.2% - Here's What Happened

Shares of Sezzle Inc. (NASDAQ:SEZL - Get Free Report) traded up 4.2% during trading on Tuesday . The stock traded as high as $195.70 and last traded at $195.70. 15,919 shares were traded during trading, a decline of 81% from the average session volume of 83,439 shares. The stock had previously closed at $187.83.

Analyst Upgrades and Downgrades

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

Sezzle Stock Up 6.9 %

The stock has a market capitalization of $1.12 billion, a PE ratio of 28.63 and a beta of 8.93. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 1.37. The company's 50-day moving average is $142.17 and its 200 day moving average is $98.35.

Sezzle (NASDAQ:SEZL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $2.17 EPS for the quarter, beating the consensus estimate of $0.84 by $1.33. The firm had revenue of $55.97 million during the quarter, compared to analyst estimates of $43.35 million. Sezzle had a net margin of 21.77% and a return on equity of 84.38%. As a group, analysts anticipate that Sezzle Inc. will post 6.71 EPS for the current year.

Insider Activity at Sezzle

In related news, COO Amin Sabzivand sold 1,500 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now directly owns 51,748 shares of the company's stock, valued at $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 is available through this hyperlink. In related news, Director Paul Martin Purcell sold 600 shares of the stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $92.03, for a total value of $55,218.00. Following the transaction, the director now owns 353,781 shares in the company, valued at approximately $32,558,465.43. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Amin Sabzivand sold 1,500 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $147.10, for a total transaction of $220,650.00. Following the completion of the transaction, the chief operating officer now 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. Insiders sold 173,017 shares of company stock valued at $23,072,070 in the last three months. 57.65% of the stock is owned by insiders.

Hedge Funds Weigh In On Sezzle

Several hedge funds and other institutional investors have recently bought and sold shares of SEZL. SG Americas Securities LLC acquired a new stake in shares of Sezzle during the 3rd quarter worth approximately $165,000. Creative Planning acquired a new stake in shares of Sezzle during the 3rd quarter worth approximately $383,000. Rhumbline Advisers acquired a new stake in shares of Sezzle during the 2nd quarter worth approximately $203,000. Divisadero Street Capital Management LP acquired a new stake in shares of Sezzle during the 2nd quarter worth approximately $356,000. Finally, XTX Topco Ltd acquired a new stake in shares of Sezzle during the 2nd quarter worth approximately $544,000. Institutional investors and hedge funds 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.