Sezzle (NASDAQ:SEZL) Price Target Raised to $360.00

Sezzle (NASDAQ:SEZL - Get Free Report) had its target price upped by stock analysts at Northland Securities from $300.00 to $360.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Northland Securities' target price suggests a potential upside of 47.95% from the stock's current price.

Separately, B. Riley raised their price target on Sezzle from $132.00 to $163.00 and gave the stock a "buy" rating in a report on Friday, August 23rd.

Sezzle Stock Performance

Shares of NASDAQ SEZL traded up $1.15 during midday trading on Thursday, hitting $243.32. The company's stock had a trading volume of 245,572 shares, compared to its average volume of 92,591. The stock has a fifty day moving average price of $307.21 and a 200 day moving average price of $180.43. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 25.89 and a beta of 9.23. Sezzle has a one year low of $15.00 and a one year high of $477.52. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54.

Insider Activity

In other Sezzle news, SVP Justin Krause sold 1,500 shares of the company's stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $178.00, for a total value of $267,000.00. Following the transaction, the senior vice president now directly owns 16,533 shares in the company, valued at $2,942,874. This represents a 8.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kyle M. Brehm purchased 110 shares of the company's stock in a transaction dated Thursday, December 5th. The shares were acquired at an average price of $360.00 per share, with a total value of $39,600.00. Following the transaction, the director now owns 3,718 shares in the company, valued at approximately $1,338,480. The trade was a 3.05 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 32,448 shares of company stock worth $7,470,923. 57.65% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sezzle

Institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its position in Sezzle by 191.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 20,363 shares of the company's stock worth $3,474,000 after acquiring an additional 13,383 shares in the last quarter. Navellier & Associates Inc. bought a new stake in Sezzle during the third quarter worth about $1,217,000. Bank of New York Mellon Corp purchased a new position in shares of Sezzle in the 2nd quarter worth about $611,000. XTX Topco Ltd bought a new position in shares of Sezzle during the 2nd quarter valued at about $544,000. Finally, Divisadero Street Capital Management LP purchased a new position in shares of Sezzle during the 2nd quarter valued at about $356,000. 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.