Sezzle Inc. (NASDAQ:SEZL - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $315.18, but opened at $324.30. Sezzle shares last traded at $313.70, with a volume of 8,602 shares traded.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the company. Northland Securities upped their price objective on Sezzle from $185.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. B. Riley upped their price target on Sezzle from $132.00 to $163.00 and gave the company a "buy" rating in a report on Friday, August 23rd.
Check Out Our Latest Report on SEZL
Sezzle Trading Down 23.2 %
The stock has a 50 day moving average price of $305.49 and a 200-day moving average price of $179.99. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54. The stock has a market capitalization of $1.36 billion, a PE ratio of 25.76 and a beta of 9.23.
Insider Transactions at Sezzle
In related news, Director Kyle M. Brehm purchased 106 shares of Sezzle stock in a transaction on Wednesday, November 20th. The stock was acquired at an average price of $402.00 per share, for a total transaction of $42,612.00. Following the completion of the transaction, the director now directly owns 3,608 shares in the company, valued at $1,450,416. This represents a 3.03 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Amin Sabzivand sold 1,500 shares of the firm's stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $187.00, for a total value of $280,500.00. Following the completion of the transaction, the chief operating officer now directly owns 48,360 shares in the company, valued at $9,043,320. This trade represents a 3.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,566 shares of company stock worth $8,752,707 in the last quarter. Company insiders own 57.65% of the company's stock.
Institutional Investors Weigh In On Sezzle
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in Sezzle by 191.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 20,363 shares of the company's stock valued at $3,474,000 after acquiring an additional 13,383 shares during the period. Navellier & Associates Inc. purchased a new position in Sezzle in the 3rd quarter worth approximately $1,217,000. Bank of New York Mellon Corp purchased a new position in Sezzle in the 2nd quarter worth approximately $611,000. XTX Topco Ltd purchased a new stake in Sezzle during the 2nd quarter valued at approximately $544,000. Finally, Divisadero Street Capital Management LP purchased a new stake in Sezzle during the 2nd quarter valued at approximately $356,000. Institutional investors own 2.02% of the company's stock.
About Sezzle
(
Get Free Report)
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.
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