Sezzle (NASDAQ:SEZL) Stock Price Up 7.8% – Should You Buy?

Sezzle Inc. (NASDAQ:SEZL) shares traded up 7.8% on Wednesday . The company traded as high as $402.25 and last traded at $396.64. 58,491 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 88,460 shares. The stock had previously closed at $367.95.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Northland Securities raised their price target on shares of Sezzle from $185.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. B. Riley lifted their target price 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.

Sezzle Stock Down 2.6 %

The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 39.60 and a beta of 8.49. The company has a current ratio of 2.40, a quick ratio of 2.07 and a debt-to-equity ratio of 1.54. The stock’s 50-day moving average price is $197.27 and its 200-day moving average price is $126.32.

Insider Transactions at Sezzle

In other news, Director Paul Martin Purcell sold 19,187 shares of Sezzle stock in a transaction on Monday, August 19th. The shares were sold at an average price of $127.51, for a total value of $2,446,534.37. Following the completion of the sale, the director now owns 236,054 shares in the company, valued at $30,099,245.54. The trade was a 7.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Justin Krause sold 1,500 shares of Sezzle stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $138.00, for a total transaction of $207,000.00. Following the completion of the sale, the senior vice president now owns 16,533 shares of the company’s stock, valued at $2,281,554. This represents a 8.32 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 128,709 shares of company stock worth $18,273,973. Company insiders own 57.65% of the company’s stock.

Institutional Trading of Sezzle

Hedge funds and other institutional investors have recently bought and sold shares of the business. Covestor Ltd bought a new stake in Sezzle during the 3rd quarter valued at $38,000. SG Americas Securities LLC bought a new stake in Sezzle during the 3rd quarter valued at $165,000. Rhumbline Advisers bought a new stake in Sezzle during the 2nd quarter valued at $203,000. MetLife Investment Management LLC increased its stake in Sezzle by 129.2% during the 3rd quarter. MetLife Investment Management LLC now owns 1,446 shares of the company’s stock valued at $247,000 after purchasing an additional 815 shares in the last quarter. Finally, Verition Fund Management LLC bought a new stake in Sezzle during the 3rd quarter valued at $274,000. Institutional investors own 2.02% of the company’s stock.

About Sezzle

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.