Sezzle (NASDAQ:SEZL) Shares Gap Up – What’s Next?

Sezzle Inc. (NASDAQ:SEZL) gapped up before the market opened on Monday . The stock had previously closed at $286.65, but opened at $294.55. Sezzle shares last traded at $269.16, with a volume of 51,071 shares traded.

Wall Street Analysts Forecast Growth

SEZL has been the topic of a number of research reports. B. Riley restated a “buy” rating and issued a $372.00 price target (up previously from $353.00) on shares of Sezzle in a report on Thursday, December 19th. Northland Securities upped their price target on Sezzle from $300.00 to $360.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th.

Sezzle Trading Up 0.2 %

The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.40 and a current ratio of 2.40. The business has a fifty day moving average of $263.36 and a two-hundred day moving average of $239.92. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 30.55 and a beta of 9.58.

Insider Activity at Sezzle

In related news, Director Kyle M. Brehm bought 110 shares of Sezzle stock in a transaction that occurred on Thursday, December 5th. The shares were purchased at an average price of $360.00 per share, with a total value of $39,600.00. Following the purchase, the director now owns 3,718 shares in the company, valued at $1,338,480. This represents a 3.05 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Karen Hartje sold 3,457 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $316.32, for a total value of $1,093,518.24. Following the completion of the sale, the chief financial officer now directly owns 35,121 shares in the company, valued at approximately $11,109,474.72. The trade was a 8.96 % decrease in their position. The disclosure for this sale can be found here. 57.65% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Plato Investment Management Ltd purchased a new position in shares of Sezzle during the 4th quarter worth $30,000. Meeder Asset Management Inc. purchased a new position in shares of Sezzle in the 4th quarter worth $31,000. Federated Hermes Inc. raised its position in shares of Sezzle by 3,575.0% in the 4th quarter. Federated Hermes Inc. now owns 147 shares of the company’s stock worth $38,000 after buying an additional 143 shares during the period. Covestor Ltd acquired a new stake in Sezzle in the 3rd quarter valued at $38,000. Finally, Modus Advisors LLC acquired a new stake in Sezzle in the 4th quarter valued at $80,000. 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.