Sezzle (NASDAQ:SEZL) Shares Up 7% Following Insider Buying Activity

Sezzle Inc. (NASDAQ:SEZL)’s share price traded up 7% on Thursday after an insider bought additional shares in the company. The company traded as high as $423.00 and last traded at $417.50. 16,039 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 88,588 shares. The stock had previously closed at $390.12.

Specifically, Director Kyle M. Brehm purchased 106 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was bought at an average cost of $402.00 per share, with a total value of $42,612.00. Following the acquisition, the director now directly owns 3,608 shares of the company’s stock, valued at approximately $1,450,416. This represents a 3.03 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Wall Street Analysts Forecast Growth

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

The firm has a fifty day simple moving average of $235.54 and a 200-day simple moving average of $143.33. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54. The company has a market cap of $2.60 billion, a PE ratio of 49.36 and a beta of 8.49.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Covestor Ltd purchased a new stake in Sezzle in the third quarter valued at approximately $38,000. SG Americas Securities LLC purchased a new stake in Sezzle in the 3rd quarter valued at $165,000. Rhumbline Advisers purchased a new stake in Sezzle in the 2nd quarter valued at $203,000. MetLife Investment Management LLC boosted 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 worth $247,000 after purchasing an additional 815 shares during the period. Finally, Verition Fund Management LLC purchased a new position in Sezzle during the 3rd quarter worth $274,000. 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.