Sezzle (NASDAQ:SEZL) Trading 7.1% Higher - What's Next?

Shares of Sezzle Inc. (NASDAQ:SEZL - Get Free Report) were up 7.1% during trading on Monday . The company traded as high as $331.38 and last traded at $331.00. Approximately 33,287 shares were traded during trading, a decline of 63% from the average daily volume of 89,839 shares. The stock had previously closed at $309.01.

Wall Street Analysts Forecast Growth

SEZL has been the subject of several recent research reports. Northland Securities upped their price objective on Sezzle from $185.00 to $300.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. B. Riley boosted their target price on shares of Sezzle from $132.00 to $163.00 and gave the stock a "buy" rating in a report on Friday, August 23rd.

Sezzle Stock Performance

The company has a 50-day moving average of $299.18 and a 200-day moving average of $176.60. The firm has a market capitalization of $1.84 billion, a P/E ratio of 35.21 and a beta of 9.23. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54.

Insider Transactions at Sezzle

In related news, COO Amin Sabzivand sold 1,500 shares of Sezzle stock in a transaction on Monday, October 14th. The shares were sold at an average price of $187.00, for a total transaction of $280,500.00. Following the completion of the transaction, the chief operating officer now owns 48,360 shares of the company's stock, valued at $9,043,320. This trade represents a 3.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul Paradis sold 4,026 shares of the company's stock in a transaction on 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 sale, the director now directly owns 68,846 shares in the company, valued at $27,538,400. This trade represents a 5.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,566 shares of company stock worth $8,752,707 over the last ninety days. 57.65% of the stock is owned by insiders.

Institutional Investors Weigh In On Sezzle

Several large investors have recently added to or reduced their stakes in SEZL. Covestor Ltd bought a new position in shares of Sezzle during the 3rd quarter worth approximately $38,000. SG Americas Securities LLC acquired a new position in shares of Sezzle during the third quarter valued at about $165,000. Wilmington Savings Fund Society FSB bought a new position in Sezzle in the third quarter worth approximately $188,000. MetLife Investment Management LLC lifted its holdings in shares of Sezzle by 129.2% in the 3rd quarter. MetLife Investment Management LLC now owns 1,446 shares of the company's stock worth $247,000 after purchasing an additional 815 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new position in shares of Sezzle during the third quarter valued at about $274,000. 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.

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