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

Sezzle Inc. (NASDAQ:SEZL) gapped up before the market opened on Wednesday . The stock had previously closed at $428.46, but opened at $446.70. Sezzle shares last traded at $412.30, with a volume of 23,850 shares.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SEZL shares. B. Riley boosted their target price on shares of Sezzle from $132.00 to $163.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Northland Securities boosted their price objective on Sezzle from $185.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th.

Sezzle Trading Down 3.2 %

The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54. The stock has a market capitalization of $2.33 billion, a P/E ratio of 44.14 and a beta of 8.49. The business’s fifty day simple moving average is $257.81 and its two-hundred day simple moving average is $153.55.

Insider Activity at Sezzle

In other Sezzle news, Director Kyle M. Brehm acquired 106 shares of Sezzle stock in a transaction dated Wednesday, November 20th. The stock was bought at an average cost of $402.00 per share, with a total value of $42,612.00. Following the acquisition, the director now owns 3,608 shares of the company’s stock, valued at approximately $1,450,416. The trade was a 3.03 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul Martin Purcell sold 2,401 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $465.72, for a total transaction of $1,118,193.72. Following the completion of the sale, the director now directly owns 58,275 shares in the company, valued at approximately $27,139,833. The trade was a 3.96 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,690 shares of company stock worth $13,796,892. Company insiders own 57.65% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. acquired a new position in shares of Sezzle in the 1st quarter worth approximately $13,369,000. State Street Corp raised its stake in Sezzle by 3.5% during the third quarter. State Street Corp now owns 49,362 shares of the company’s stock worth $8,421,000 after acquiring an additional 1,683 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Sezzle by 191.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 20,363 shares of the company’s stock valued at $3,474,000 after acquiring an additional 13,383 shares during the period. Navellier & Associates Inc. acquired a new stake in shares of Sezzle in the 3rd quarter valued at $1,217,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Sezzle in the 2nd quarter worth about $611,000. Institutional investors own 2.02% of the company’s stock.

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.