Insider Buying: Sezzle Inc. (NASDAQ:SEZL) Director Acquires $42,612.00 in Stock

Sezzle Inc. (NASDAQ:SEZL) Director Kyle M. Brehm acquired 106 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were purchased at an average price of $402.00 per share, with a total value of $42,612.00. Following the completion of the transaction, the director now owns 3,608 shares of the company’s stock, valued at $1,450,416. This trade represents a 3.03 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Sezzle Stock Up 4.0 %

Sezzle stock opened at $463.98 on Friday. The company has a market capitalization of $2.60 billion, a PE ratio of 49.36 and a beta of 8.49. Sezzle Inc. has a 12-month low of $9.75 and a 12-month high of $477.52. The firm’s fifty day moving average is $235.54 and its 200 day moving average is $144.02. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54.

Hedge Funds Weigh In On Sezzle

Several institutional investors have recently made changes to their positions in the stock. Covestor Ltd acquired a new stake in shares of Sezzle in the 3rd quarter valued at about $38,000. SG Americas Securities LLC bought a new position in Sezzle in the third quarter worth approximately $165,000. MetLife Investment Management LLC grew its stake in Sezzle by 129.2% in the third quarter. MetLife Investment Management LLC now owns 1,446 shares of the company’s stock valued at $247,000 after acquiring an additional 815 shares during the period. Verition Fund Management LLC bought a new stake in shares of Sezzle during the third quarter valued at approximately $274,000. Finally, Virtu Financial LLC bought a new stake in shares of Sezzle during the third quarter valued at approximately $276,000. Institutional investors and hedge funds own 2.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SEZL shares. Northland Securities increased their price target on Sezzle from $185.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. B. Riley upped their target price on Sezzle from $132.00 to $163.00 and gave the company a “buy” rating in a research report on Friday, August 23rd.

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.