Sezzle (NASDAQ:SEZL) Shares Gap Up – Still a Buy?

Sezzle Inc. (NASDAQ:SEZL) gapped up before the market opened on Wednesday . The stock had previously closed at $428.46, but opened at $446.70. Sezzle shares last traded at $412.30, with a volume of 23,850 shares.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. B. Riley upped their price target on Sezzle from $132.00 to $163.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Northland Securities boosted their price objective on Sezzle from $185.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, November 8th.

Sezzle Price Performance

The business’s 50-day simple moving average is $247.37 and its 200 day simple moving average is $149.86. The company has a market capitalization of $2.35 billion, a P/E ratio of 43.86 and a beta of 8.49. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54.

Insider Activity at Sezzle

In other Sezzle news, Director Paul Paradis sold 4,026 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $400.00, for a total value of $1,610,400.00. Following the transaction, the director now directly owns 68,846 shares in the company, valued at approximately $27,538,400. This trade represents a 5.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul Martin Purcell sold 2,401 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $465.72, for a total transaction of $1,118,193.72. Following the sale, the director now owns 58,275 shares of the company’s stock, valued at $27,139,833. The trade was a 3.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,190 shares of company stock worth $15,346,092 in the last quarter. 57.65% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sezzle

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in Sezzle in the 3rd quarter valued at $188,000. Virtu Financial LLC acquired a new position in Sezzle during the third quarter worth about $276,000. Barclays PLC grew its stake in shares of Sezzle by 125.4% during the third quarter. Barclays PLC now owns 4,515 shares of the company’s stock worth $771,000 after buying an additional 2,512 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Sezzle during the third quarter valued at about $292,000. Finally, State Street Corp raised its stake in shares of Sezzle by 3.5% during the third quarter. State Street Corp now owns 49,362 shares of the company’s stock valued at $8,421,000 after acquiring an additional 1,683 shares during the last quarter. 2.02% of the stock is owned by institutional investors.

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.