Sezzle (NASDAQ:SEZL) Shares Gap Up - Time to Buy?

Sezzle Inc. (NASDAQ:SEZL - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $259.57, but opened at $323.28. Sezzle shares last traded at $299.39, with a volume of 62,444 shares traded.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. B. Riley reiterated a "buy" rating and set a $372.00 price objective (up previously from $353.00) on shares of Sezzle in a research report on Thursday, December 19th. Northland Securities increased their price objective on shares of Sezzle from $300.00 to $360.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th.

Sezzle Stock Down 14.3 %

The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.40 and a current ratio of 2.40. The company has a market cap of $1.26 billion, a P/E ratio of 23.94 and a beta of 9.72. The business's fifty day moving average is $323.40 and its two-hundred day moving average is $207.75.

Insider Buying and Selling

In other Sezzle news, Director Paul Paradis sold 4,026 shares of the business's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $400.00, for a total transaction of $1,610,400.00. Following the sale, the director now owns 68,846 shares in the company, valued at approximately $27,538,400. The trade was a 5.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kyle M. Brehm acquired 106 shares of Sezzle stock in a transaction dated Wednesday, November 20th. The stock was purchased at an average price of $402.00 per share, with a total value of $42,612.00. Following the completion of the purchase, the director now owns 3,608 shares of the company's stock, valued at approximately $1,450,416. The trade was a 3.03 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 7,707 shares of company stock valued at $3,210,207 over the last three months. 57.65% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SEZL. Covestor Ltd acquired a new position in Sezzle in the third quarter valued at approximately $38,000. Modus Advisors LLC purchased a new stake in Sezzle during the fourth quarter worth $80,000. SG Americas Securities LLC acquired a new stake in Sezzle during the third quarter valued at $165,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Sezzle in the third quarter worth about $188,000. Finally, MetLife Investment Management LLC boosted its stake in shares of Sezzle by 129.2% during the 3rd quarter. MetLife Investment Management LLC now owns 1,446 shares of the company's stock worth $247,000 after acquiring an additional 815 shares in the last quarter. Hedge funds and other 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.