Sezzle (NASDAQ:SEZL) Reaches New 1-Year High After Insider Buying Activity

Sezzle Inc. (NASDAQ:SEZL - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Friday after an insider bought additional shares in the company. The stock traded as high as $470.00 and last traded at $450.15, with a volume of 32736 shares. The stock had previously closed at $446.05.

Specifically, Director Kyle M. Brehm purchased 106 shares of the business's stock in a transaction that occurred on Wednesday, November 20th. The shares were bought at an average price of $402.00 per share, for a total transaction of $42,612.00. Following the acquisition, the director now owns 3,608 shares in the company, valued at $1,450,416. This represents a 3.03 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. B. Riley lifted their price objective 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. Northland Securities boosted their target price on shares of Sezzle from $185.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, November 8th.

Sezzle Price Performance

The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 49.36 and a beta of 8.49. The stock has a fifty day simple moving average of $235.54 and a 200-day simple moving average of $143.33. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.40 and a quick ratio of 2.40.

Institutional Trading of Sezzle

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. purchased a new position in Sezzle in the 1st quarter valued at $13,369,000. Bank of New York Mellon Corp acquired a new position in Sezzle during the second quarter worth about $611,000. Rhumbline Advisers purchased a new stake in Sezzle during the 2nd quarter valued at about $203,000. XTX Topco Ltd acquired a new position in shares of Sezzle during the 2nd quarter worth approximately $544,000. Finally, Divisadero Street Capital Management LP acquired a new stake in shares of Sezzle in the second quarter valued at approximately $356,000. Institutional investors and hedge funds 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.