Sezzle (NASDAQ:SEZL) Stock Price Up 7.7% - Here's What Happened

Shares of Sezzle Inc. (NASDAQ:SEZL - Get Free Report) rose 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 mid-day 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

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

Sezzle Price Performance

The company has a 50-day moving average price of $155.73 and a 200-day moving average price of $104.64. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a market capitalization of $1.16 billion, a P/E ratio of 29.77 and a beta of 8.93.

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

Insider Buying and Selling at Sezzle

In other news, COO Amin Sabzivand sold 1,500 shares of the firm's stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $205.57, for a total transaction of $308,355.00. Following the sale, the chief operating officer now owns 46,860 shares of the company's stock, valued at $9,633,010.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, COO Amin Sabzivand sold 1,500 shares of the company's stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $205.57, for a total value of $308,355.00. Following the completion of the transaction, the chief operating officer now owns 46,860 shares in the company, valued at $9,633,010.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul Martin Purcell sold 7,824 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $164.86, for a total transaction of $1,289,864.64. Following the sale, the director now directly owns 82,776 shares of the company's stock, valued at $13,646,451.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 170,342 shares of company stock valued at $23,020,311. Company insiders own 57.65% of the company's stock.

Institutional Trading of Sezzle

Several hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Sezzle during the third quarter worth about $165,000. OmniStar Financial Group Inc. bought a new position in shares of Sezzle during the 3rd quarter worth approximately $354,000. Creative Planning acquired a new stake in shares of Sezzle in the third quarter valued at approximately $383,000. Rhumbline Advisers acquired a new stake in shares of Sezzle in the second quarter valued at approximately $203,000. Finally, Divisadero Street Capital Management LP acquired a new position in Sezzle during the second quarter worth $356,000. 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.