Sezzle (NASDAQ:SEZL) Shares Up 6%

Sezzle Inc. (NASDAQ:SEZL) shot up 6% during trading on Wednesday . The company traded as high as $136.50 and last traded at $135.30. 65,608 shares were traded during mid-day trading, a decline of 20% from the average session volume of 82,408 shares. The stock had previously closed at $127.61.

Wall Street Analysts Forecast Growth

SEZL has been the subject of a number of research reports. Northland Capmk raised shares of Sezzle to a “strong-buy” rating in a research report on Tuesday, July 9th. Northland Securities initiated coverage on Sezzle in a research report on Tuesday, July 9th. They issued an “outperform” rating and a $119.00 target price for the company. Finally, B. Riley initiated coverage on Sezzle in a research note on Wednesday, June 26th. They issued a “buy” rating and a $113.00 price objective for the company.

Sezzle Price Performance

The company has a 50 day moving average price of $90.65 and a 200 day moving average price of $72.38. The company has a debt-to-equity ratio of 1.37, a current ratio of 2.07 and a quick ratio of 2.07. The firm has a market cap of $752.99 million and a PE ratio of 59.37.

Insiders Place Their Bets

In other Sezzle news, Director Paul Paradis sold 1,645 shares of Sezzle stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $78.56, for a total value of $129,231.20. Following the sale, the director now owns 203,326 shares of the company’s stock, valued at approximately $15,973,290.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Sezzle news, Director Paul Paradis sold 1,645 shares of the business’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $78.56, for a total value of $129,231.20. Following the completion of the transaction, the director now directly owns 203,326 shares in the company, valued at approximately $15,973,290.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul Martin Purcell sold 19,187 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $127.51, for a total transaction of $2,446,534.37. Following the sale, the director now directly owns 236,054 shares of the company’s stock, valued at approximately $30,099,245.54. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,581 shares of company stock worth $13,605,671. 57.65% of the stock is owned by insiders.

Institutional Investors Weigh In On Sezzle

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC acquired a new stake in Sezzle during the fourth quarter valued at approximately $25,000. Rhumbline Advisers purchased a new position in shares of Sezzle in the second quarter worth approximately $203,000. Divisadero Street Capital Management LP purchased a new position in Sezzle during the 2nd quarter worth approximately $356,000. XTX Topco Ltd purchased a new position in Sezzle during the 2nd quarter worth approximately $544,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Sezzle in the second quarter valued at $611,000. 2.02% of the stock is currently owned by 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.