Sezzle (NASDAQ:SEZL) Price Target Raised to $300.00 at Northland Securities

Sezzle (NASDAQ:SEZL) had its target price hoisted by investment analysts at Northland Securities from $185.00 to $300.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Northland Securities’ target price would indicate a potential downside of 29.32% from the stock’s current price.

Separately, B. Riley upped 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.

Sezzle Stock Performance

NASDAQ SEZL traded up $173.96 on Friday, hitting $424.43. The stock had a trading volume of 395,478 shares, compared to its average volume of 86,303. The company’s 50-day moving average is $173.51 and its two-hundred day moving average is $115.21. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 60.55 and a beta of 8.49. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.37. Sezzle has a one year low of $9.75 and a one year high of $430.00.

Sezzle (NASDAQ:SEZL) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $0.84 by $1.33. The business had revenue of $55.97 million during the quarter, compared to the consensus estimate of $43.35 million. Sezzle had a net margin of 21.77% and a return on equity of 84.38%. On average, analysts expect that Sezzle will post 6.71 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Amin Sabzivand sold 1,500 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $205.57, for a total transaction of $308,355.00. Following the completion of the sale, the chief operating officer now owns 46,860 shares in the company, valued at approximately $9,633,010.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Sezzle news, Director Paul Martin Purcell sold 29,924 shares of the business’s 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 approximately $32,800,162.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Amin Sabzivand sold 1,500 shares of the firm’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $205.57, for a total transaction of $308,355.00. Following the completion of the transaction, the chief operating officer now owns 46,860 shares of the company’s stock, valued at approximately $9,633,010.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 160,989 shares of company stock worth $22,207,483. 57.65% of the stock is owned by insiders.

Institutional Investors Weigh In On Sezzle

A number of large investors have recently made changes to their positions in the company. Covestor Ltd acquired a new position in Sezzle in the 3rd quarter worth approximately $38,000. SG Americas Securities LLC acquired a new stake in shares of Sezzle in the third quarter worth $165,000. Rhumbline Advisers purchased a new position in shares of Sezzle during the second quarter valued at $203,000. OmniStar Financial Group Inc. acquired a new position in Sezzle during the third quarter valued at $354,000. Finally, Divisadero Street Capital Management LP acquired a new position in Sezzle during the second quarter valued at $356,000. Institutional investors and hedge funds 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.