Sezzle (NASDAQ:SEZL) Stock Price Up 7.2% - What's Next?

Sezzle Inc. (NASDAQ:SEZL - Get Free Report) was up 7.2% during trading on Friday . The company traded as high as $273.58 and last traded at $262.93. Approximately 42,533 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 119,801 shares. The stock had previously closed at $245.19.

Analyst Upgrades and Downgrades

Several analysts have commented on SEZL shares. Northland Securities lifted their price objective on shares of Sezzle from $300.00 to $360.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. B. Riley restated a "buy" rating and set a $372.00 target price (up from $353.00) on shares of Sezzle in a research report on Thursday, December 19th.

Sezzle Trading Down 4.9 %

The company has a fifty day moving average of $267.98 and a 200-day moving average of $224.85. 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 company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 28.19 and a beta of 9.56.

Insider Activity at Sezzle

In related news, Director Paul Paradis sold 4,026 shares of the company's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $400.00, for a total transaction of $1,610,400.00. Following the completion of the sale, the director now owns 68,846 shares of the company's stock, valued at approximately $27,538,400. This represents a 5.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Karen Hartje sold 3,457 shares of Sezzle stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $316.32, for a total value of $1,093,518.24. Following the transaction, the chief financial officer now owns 35,121 shares in the company, valued at approximately $11,109,474.72. The trade was a 8.96 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,164 shares of company stock valued at $4,303,725. 57.65% of the stock is owned by insiders.

Hedge Funds Weigh In On Sezzle

A number of hedge funds have recently modified their holdings of the business. Plato Investment Management Ltd purchased a new position in Sezzle during the fourth quarter worth about $30,000. Covestor Ltd purchased a new position in shares of Sezzle during the 3rd quarter worth approximately $38,000. Modus Advisors LLC acquired a new stake in Sezzle in the 4th quarter valued at approximately $80,000. Principal Securities Inc. purchased a new stake in Sezzle in the fourth quarter valued at approximately $84,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Sezzle during the fourth quarter worth $128,000. 2.02% of the stock is currently owned by hedge funds and other institutional investors.

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.