Sezzle (NASDAQ:SEZL) Trading 6.9% Higher

Shares of Sezzle Inc. (NASDAQ:SEZL) rose 6.9% during mid-day trading on Thursday . The company traded as high as $151.65 and last traded at $149.65. Approximately 47,449 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 83,830 shares. The stock had previously closed at $140.03.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. B. Riley lifted their target price on shares of Sezzle from $132.00 to $163.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Northland Capmk upgraded Sezzle to a “strong-buy” rating in a research note on Tuesday, July 9th. Finally, Northland Securities restated an “outperform” rating and set a $150.00 target price (up previously from $119.00) on shares of Sezzle in a research report on Thursday, August 29th.

Sezzle Stock Up 0.7 %

The firm has a market cap of $841.74 million and a price-to-earnings ratio of 65.93. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.07 and a current ratio of 2.07. The business’s 50-day moving average is $108.69 and its 200-day moving average is $83.10.

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

Insiders Place Their Bets

In other news, SVP Justin Krause sold 2,000 shares of the firm’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $80.04, for a total value of $160,080.00. Following the completion of the sale, the senior vice president now directly owns 14,658 shares in the company, valued at $1,173,226.32. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, SVP Justin Krause sold 2,000 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $80.04, for a total transaction of $160,080.00. Following the sale, the senior vice president now directly owns 14,658 shares of the company’s stock, valued at $1,173,226.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Amin Sabzivand sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $147.10, for a total transaction of $220,650.00. Following the completion of the sale, the chief operating officer now directly owns 51,748 shares of the company’s stock, valued at approximately $7,612,130.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 200,664 shares of company stock valued at $22,626,008. 57.65% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sezzle

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. acquired a new position in Sezzle in the first quarter valued at approximately $13,369,000. Bank of New York Mellon Corp bought a new stake in shares of Sezzle during the 2nd quarter valued at $611,000. Rhumbline Advisers acquired a new position in shares of Sezzle in the 2nd quarter valued at $203,000. XTX Topco Ltd bought a new position in shares of Sezzle in the 2nd quarter worth $544,000. Finally, Divisadero Street Capital Management LP acquired a new stake in shares of Sezzle during the second quarter worth $356,000. 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.