Sezzle (NASDAQ:SEZL) Shares Up 5.3% - Should You Buy?

Sezzle Inc. (NASDAQ:SEZL - Get Free Report)'s share price traded up 5.3% during mid-day trading on Thursday . The stock traded as high as $269.30 and last traded at $269.30. 8,252 shares were traded during trading, a decline of 91% from the average session volume of 92,538 shares. The stock had previously closed at $255.74.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. B. Riley reaffirmed a "buy" rating and issued 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 target price on Sezzle from $300.00 to $360.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th.

Sezzle Trading Up 6.5 %

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 firm's 50-day simple moving average is $314.43 and its 200 day simple moving average is $186.48. The stock has a market cap of $1.53 billion, a P/E ratio of 28.97 and a beta of 9.23.

Insider Activity at Sezzle

In other news, COO Amin Sabzivand sold 1,500 shares of the stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $205.57, for a total transaction of $308,355.00. Following the transaction, the chief operating officer now owns 46,860 shares of the company's stock, valued at approximately $9,633,010.20. This represents a 3.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul Martin Purcell sold 7,824 shares of the business's stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $164.86, for a total transaction of $1,289,864.64. Following the transaction, the director now directly owns 82,776 shares of the company's stock, valued at approximately $13,646,451.36. This represents a 8.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,339 shares of company stock valued at $6,760,504 over the last 90 days. 57.65% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sezzle

Institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd acquired a new stake in Sezzle during the third quarter valued at approximately $38,000. MetLife Investment Management LLC boosted its stake in Sezzle by 129.2% in the 3rd quarter. MetLife Investment Management LLC now owns 1,446 shares of the company's stock valued at $247,000 after buying an additional 815 shares in the last quarter. SG Americas Securities LLC bought a new stake in Sezzle in the third quarter valued at $165,000. Wilmington Savings Fund Society FSB bought a new position in shares of Sezzle during the third quarter valued at $188,000. Finally, Verition Fund Management LLC acquired a new stake in shares of Sezzle in the 3rd quarter valued at $274,000. 2.02% of the stock is owned by institutional investors and hedge funds.

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.