Sezzle (NASDAQ:SEZL) Shares Gap Up After Analyst Upgrade

Shares of Sezzle Inc. (NASDAQ:SEZL) gapped up before the market opened on Friday after Northland Securities raised their price target on the stock from $185.00 to $300.00. The stock had previously closed at $250.47, but opened at $350.00. Northland Securities currently has an outperform rating on the stock. Sezzle shares last traded at $375.00, with a volume of 45,688 shares traded.

Separately, B. Riley increased their price objective on shares of Sezzle from $132.00 to $163.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd.

Insider Activity at Sezzle

In other Sezzle news, COO Amin Sabzivand sold 1,500 shares of Sezzle stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $205.57, for a total value of $308,355.00. Following the sale, the chief operating officer now directly owns 46,860 shares in the company, valued at approximately $9,633,010.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Sezzle news, Director Paul Martin Purcell sold 800 shares of Sezzle stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $126.05, for a total value of $100,840.00. Following the sale, the director now directly owns 261,797 shares in the company, valued at approximately $32,999,511.85. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Amin Sabzivand sold 1,500 shares of Sezzle stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $205.57, for a total transaction of $308,355.00. Following the completion of the sale, the chief operating officer now owns 46,860 shares in the company, valued at $9,633,010.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 160,989 shares of company stock valued at $22,207,483. Corporate insiders own 57.65% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SEZL. Covestor Ltd bought a new position in shares of Sezzle in the 3rd quarter valued at about $38,000. SG Americas Securities LLC bought a new position in shares of Sezzle in the 3rd quarter valued at about $165,000. Rhumbline Advisers bought a new position in shares of Sezzle in the 2nd quarter valued at about $203,000. OmniStar Financial Group Inc. bought a new position in shares of Sezzle in the 3rd quarter valued at about $354,000. Finally, Divisadero Street Capital Management LP bought a new position in shares of Sezzle in the 2nd quarter valued at about $356,000. Institutional investors own 2.02% of the company’s stock.

Sezzle Trading Up 72.3 %

The business’s 50-day moving average price is $181.76 and its 200 day moving average price is $118.80. The company has a market cap of $2.41 billion, a P/E ratio of 61.55 and a beta of 8.49. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.07 and a current ratio of 2.07.

Sezzle (NASDAQ:SEZL) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $1.33. Sezzle had a net margin of 21.77% and a return on equity of 84.38%. The company had revenue of $55.97 million during the quarter, compared to the consensus estimate of $43.35 million. As a group, analysts expect that Sezzle Inc. will post 6.71 earnings per share for the current year.

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.