Sezzle (NASDAQ:SEZL) Sets New 1-Year High at $136.63

Sezzle Inc. (NASDAQ:SEZL)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $136.63 and last traded at $135.50, with a volume of 33074 shares. The stock had previously closed at $129.97.

Analysts Set New Price Targets

SEZL has been the subject of a number of analyst reports. B. Riley lifted their price objective on Sezzle from $132.00 to $163.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Northland Securities reaffirmed an “outperform” rating and issued a $150.00 price target (up previously from $119.00) on shares of Sezzle in a research note on Thursday. Finally, Northland Capmk upgraded Sezzle to a “strong-buy” rating in a research note on Tuesday, July 9th.

Sezzle Stock Performance

The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $770.93 million and a price-to-earnings ratio of 59.75. The stock’s 50-day simple moving average is $98.59 and its 200 day simple moving average is $76.84.

Sezzle (NASDAQ:SEZL) last announced its earnings results on Wednesday, August 7th. The company reported $2.17 EPS for the quarter, topping the consensus estimate of $0.84 by $1.33. The business had revenue of $55.97 million for the quarter, compared to the consensus estimate of $43.35 million. Sezzle had a return on equity of 84.38% and a net margin of 21.77%. Analysts expect that Sezzle Inc. will post 6.71 earnings per share for the current fiscal 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 company’s 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 transaction, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul Martin Purcell sold 15,000 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $133.42, for a total transaction of $2,001,300.00. Following the sale, the director now directly owns 220,165 shares in the company, valued at $29,374,414.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 161,830 shares of company stock valued at $17,263,362. 57.65% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sezzle

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

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.