Sezzle (NASDAQ:SEZL) Shares Gap Up – Time to Buy?

Sezzle Inc. (NASDAQ:SEZL) shares gapped up prior to trading on Friday . The stock had previously closed at $250.47, but opened at $350.00. Sezzle shares last traded at $375.00, with a volume of 45,688 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. B. Riley lifted their price target on Sezzle from $132.00 to $163.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Northland Securities reaffirmed an “outperform” rating and set a $185.00 target price (up previously from $150.00) on shares of Sezzle in a research report on Monday, September 23rd.

Sezzle Trading Up 51.7 %

The company has a debt-to-equity ratio of 1.37, a current ratio of 2.07 and a quick ratio of 2.07. The firm’s fifty day moving average is $173.51 and its two-hundred day moving average is $115.21. The firm has a market capitalization of $2.12 billion, a PE ratio of 47.39 and a beta of 8.49.

Sezzle (NASDAQ:SEZL) last released its earnings results on Wednesday, August 7th. The company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $1.33. The company had revenue of $55.97 million during the quarter, compared to analyst estimates of $43.35 million. Sezzle had a return on equity of 84.38% and a net margin of 21.77%. On average, equities analysts predict that Sezzle Inc. will post 6.71 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Justin Krause sold 1,500 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $138.00, for a total transaction of $207,000.00. Following the completion of the sale, the senior vice president now owns 16,533 shares in the company, valued at approximately $2,281,554. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Paul Martin Purcell sold 800 shares of Sezzle stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $126.05, for a total value of $100,840.00. Following the completion of the sale, the director now owns 261,797 shares of the company’s stock, valued at approximately $32,999,511.85. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Justin Krause sold 1,500 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $138.00, for a total transaction of $207,000.00. Following the transaction, the senior vice president now owns 16,533 shares of the company’s stock, valued at $2,281,554. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 160,989 shares of company stock valued at $22,207,483. Insiders own 57.65% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SEZL. Covestor Ltd purchased a new stake in shares of Sezzle during the third quarter worth $38,000. SG Americas Securities LLC purchased a new position in shares of Sezzle in the third quarter valued at $165,000. OmniStar Financial Group Inc. bought a new stake in shares of Sezzle during the 3rd quarter valued at $354,000. Creative Planning purchased a new stake in Sezzle during the 3rd quarter worth about $383,000. Finally, Rhumbline Advisers bought a new position in Sezzle in the 2nd quarter worth about $203,000. 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.