Sezzle (NASDAQ:SEZL) Stock Price Up 8.2% - Here's What Happened

Shares of Sezzle Inc. (NASDAQ:SEZL - Get Free Report) traded up 8.2% during mid-day trading on Tuesday . The stock traded as high as $240.19 and last traded at $240.19. 16,239 shares changed hands during trading, a decline of 86% from the average session volume of 115,183 shares. The stock had previously closed at $221.94.

Wall Street Analysts Forecast Growth

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

Sezzle Stock Performance

The business's fifty day simple moving average is $326.36 and its 200-day simple moving average is $203.35. The firm has a market cap of $1.31 billion, a P/E ratio of 24.83 and a beta of 9.72. 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 Buying and Selling at Sezzle

In other news, Director Paul Martin Purcell sold 2,401 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $465.72, for a total value of $1,118,193.72. Following the completion of the transaction, the director now owns 58,275 shares of the company's stock, valued at approximately $27,139,833. This represents a 3.96 % 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, Director Kyle M. Brehm purchased 110 shares of the company's stock in a transaction that occurred on Thursday, December 5th. The shares were purchased at an average price of $360.00 per share, for a total transaction of $39,600.00. Following the completion of the transaction, the director now directly owns 3,718 shares of the company's stock, valued at $1,338,480. This represents a 3.05 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 9,207 shares of company stock valued at $3,518,562 in the last 90 days. Insiders own 57.65% of the company's stock.

Hedge Funds Weigh In On Sezzle

Several institutional investors and hedge funds have recently added to or reduced their stakes in SEZL. Covestor Ltd bought a new position in shares of Sezzle in the 3rd quarter worth about $38,000. Modus Advisors LLC bought a new position in shares of Sezzle during the fourth quarter valued at approximately $80,000. SG Americas Securities LLC purchased a new position in shares of Sezzle during the third quarter valued at approximately $165,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Sezzle in the 3rd quarter worth approximately $188,000. Finally, Rhumbline Advisers bought a new position in Sezzle during the 2nd quarter valued at approximately $203,000. 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.