Sezzle (NASDAQ:SEZL) Shares Gap Up – Here’s Why

Sezzle Inc. (NASDAQ:SEZL)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $315.18, but opened at $324.30. Sezzle shares last traded at $313.70, with a volume of 8,602 shares trading hands.

Wall Street Analyst Weigh In

SEZL has been the subject of several analyst reports. Northland Securities boosted their price objective on Sezzle from $300.00 to $360.00 and gave the stock an “outperform” rating in a research report on Thursday. B. Riley reissued a “buy” rating and issued a $372.00 price target (up previously from $353.00) on shares of Sezzle in a research note on Thursday.

Sezzle Stock Up 0.5 %

The firm has a market capitalization of $1.36 billion, a P/E ratio of 25.89 and a beta of 9.23. The firm’s fifty day moving average price is $308.89 and its 200-day moving average price is $180.86. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.40 and a quick ratio of 2.40.

Insider Activity

In other Sezzle news, COO Amin Sabzivand sold 1,500 shares of the company’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $187.00, for a total value of $280,500.00. Following the transaction, the chief operating officer now owns 48,360 shares of the company’s stock, valued at approximately $9,043,320. This represents a 3.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul Martin Purcell sold 1,800 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $165.35, for a total value of $297,630.00. Following the sale, the director now directly owns 117,450 shares of the company’s stock, valued at approximately $19,420,357.50. This represents a 1.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,448 shares of company stock worth $7,470,923. 57.65% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sezzle

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. purchased a new position in Sezzle in the 3rd quarter worth about $548,000. Wilmington Savings Fund Society FSB acquired a new position in Sezzle in the 3rd quarter worth about $188,000. Virtu Financial LLC acquired a new position in Sezzle in the third quarter worth approximately $276,000. Barclays PLC lifted its stake in Sezzle by 125.4% in the third quarter. Barclays PLC now owns 4,515 shares of the company’s stock valued at $771,000 after acquiring an additional 2,512 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Sezzle during the 3rd quarter worth $292,000. 2.02% of the stock is owned by institutional investors and hedge funds.

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.