Northland Securities Issues Positive Forecast for Sezzle (NASDAQ:SEZL) Stock Price

Sezzle (NASDAQ:SEZL - Get Free Report) had its target price hoisted by investment analysts at Northland Securities from $185.00 to $300.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Northland Securities' price target suggests a potential downside of 30.47% from the company's current price.

Separately, B. Riley upped their target price on shares of Sezzle from $132.00 to $163.00 and gave the company a "buy" rating in a research note on Friday, August 23rd.

Sezzle Stock Up 72.3 %

Shares of NASDAQ SEZL traded up $181.01 on Friday, hitting $431.48. The company had a trading volume of 631,411 shares, compared to its average volume of 87,387. The firm has a market capitalization of $2.41 billion, a P/E ratio of 61.55 and a beta of 8.49. 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 has a 12-month low of $9.75 and a 12-month high of $454.16. The business has a 50 day moving average of $181.76 and a two-hundred day moving average of $118.80.

Sezzle (NASDAQ:SEZL - Get Free Report) last released 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 return on equity of 84.38% and a net margin of 21.77%. The firm had revenue of $55.97 million during the quarter, compared to analysts' expectations of $43.35 million. As a group, equities research analysts forecast that Sezzle will post 6.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Sezzle news, COO Amin Sabzivand sold 1,500 shares of the firm's stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $205.57, for a total transaction of $308,355.00. Following the completion of the sale, the chief operating officer now owns 46,860 shares in the company, valued at $9,633,010.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Sezzle news, COO Amin Sabzivand sold 1,500 shares of the company's stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $205.57, for a total value of $308,355.00. Following the transaction, the chief operating officer now directly owns 46,860 shares of the company's stock, valued at $9,633,010.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Paul Martin Purcell sold 29,924 shares of the firm's stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $121.61, for a total transaction of $3,639,057.64. Following the sale, the director now directly owns 269,716 shares of the company's stock, valued at $32,800,162.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 160,989 shares of company stock worth $22,207,483. 57.65% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sezzle

Hedge funds and other institutional investors have recently modified their holdings of the stock. Covestor Ltd bought a new position in shares of Sezzle during the third quarter worth about $38,000. SG Americas Securities LLC acquired a new stake in Sezzle during the third quarter valued at approximately $165,000. OmniStar Financial Group Inc. bought a new position in Sezzle during the 3rd quarter worth approximately $354,000. Creative Planning bought a new position in Sezzle during the 3rd quarter worth approximately $383,000. Finally, Rhumbline Advisers bought a new stake in shares of Sezzle in the 2nd quarter valued at approximately $203,000. Institutional investors 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.