Sezzle (NASDAQ:SEZL) Reaches New 52-Week High at $136.63

Sezzle Inc. (NASDAQ:SEZL) shares reached a new 52-week high on Thursday . The company traded as high as $136.63 and last traded at $135.50, with a volume of 33074 shares changing hands. The stock had previously closed at $129.97.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SEZL shares. Northland Capmk upgraded Sezzle to a “strong-buy” rating in a research note on Tuesday, July 9th. Northland Securities reissued 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, B. Riley increased their price objective on shares of Sezzle from $132.00 to $163.00 and gave the company a “buy” rating in a report on Friday, August 23rd.

Sezzle Price Performance

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 stock has a 50 day simple moving average of $96.53 and a two-hundred day simple moving average of $75.82. The company has a market cap of $748.40 million and a price-to-earnings ratio of 59.43.

Insiders Place Their Bets

In other news, Director Paul Martin Purcell sold 29,924 shares of Sezzle stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $121.61, for a total transaction of $3,639,057.64. Following the sale, the director now owns 269,716 shares in the company, valued at $32,800,162.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Justin Krause sold 2,000 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 14,658 shares of the company’s stock, valued at $1,173,226.32. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Paul Martin Purcell sold 29,924 shares of Sezzle stock in a transaction on Monday, August 12th. The shares were sold at an average price of $121.61, for a total transaction of $3,639,057.64. Following the completion of the transaction, the director now owns 269,716 shares in the company, valued at $32,800,162.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 161,975 shares of company stock valued at $17,185,593. 57.65% of the stock is owned by corporate insiders.

Institutional Trading of Sezzle

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