Sezzle (NASDAQ:SEZL) Stock Price Up 5.3% – Here’s What Happened

Sezzle Inc. (NASDAQ:SEZL) shares traded up 5.3% during trading on Thursday . The stock traded as high as $269.30 and last traded at $269.30. 8,252 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 92,538 shares. The stock had previously closed at $255.74.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SEZL shares. B. Riley reaffirmed a “buy” rating and set a $372.00 target price (up previously from $353.00) on shares of Sezzle in a report on Thursday, December 19th. Northland Securities upped their price objective on shares of Sezzle from $300.00 to $360.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th.

Sezzle Price Performance

The stock’s 50 day moving average is $314.43 and its two-hundred day moving average is $186.48. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.40 and a quick ratio of 2.40. The stock has a market capitalization of $1.49 billion, a PE ratio of 28.25 and a beta of 9.23.

Insider Transactions at Sezzle

In other Sezzle news, COO Amin Sabzivand sold 1,500 shares of Sezzle stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $205.57, for a total value of $308,355.00. Following the transaction, the chief operating officer now directly owns 46,860 shares in the company, valued at approximately $9,633,010.20. The trade was a 3.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul Martin Purcell sold 9,808 shares of the stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $170.43, for a total transaction of $1,671,577.44. Following the sale, the director now owns 91,833 shares of the company’s stock, valued at $15,651,098.19. This trade represents a 9.65 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 28,339 shares of company stock valued at $6,760,504. Insiders own 57.65% of the company’s stock.

Institutional Trading of Sezzle

Several institutional investors and hedge funds have recently added to or reduced their stakes in SEZL. Covestor Ltd purchased a new stake in shares of Sezzle during the third quarter worth approximately $38,000. SG Americas Securities LLC purchased a new position in Sezzle during the 3rd quarter worth $165,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Sezzle in the 3rd quarter worth $188,000. MetLife Investment Management LLC boosted its holdings in shares of 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 in the last quarter. Finally, Verition Fund Management LLC acquired a new position in shares of Sezzle during the third quarter worth about $274,000. 2.02% of the stock is owned by hedge funds and other 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.