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

Sezzle Inc. (NASDAQ:SEZL)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $259.57, but opened at $323.28. Sezzle shares last traded at $299.39, with a volume of 62,444 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have commented on SEZL. Northland Securities upped their price target on Sezzle from $300.00 to $360.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. B. Riley restated a “buy” rating and set a $372.00 target price (up from $353.00) on shares of Sezzle in a research note on Thursday, December 19th.

Sezzle Stock Performance

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 cap of $1.70 billion, a price-to-earnings ratio of 32.23 and a beta of 9.72. The stock’s 50 day moving average is $326.93 and its two-hundred day moving average is $204.37.

Insider Transactions at Sezzle

In related news, Director Paul Martin Purcell sold 1,280 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $376.26, for a total transaction of $481,612.80. Following the completion of the sale, the director now directly owns 81,496 shares of the company’s stock, valued at $30,663,684.96. This trade represents a 1.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kyle M. Brehm acquired 106 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was purchased at an average price of $402.00 per share, for a total transaction of $42,612.00. Following the completion of the transaction, the director now owns 3,608 shares in the company, valued at $1,450,416. The trade was a 3.03 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 7,707 shares of company stock worth $3,210,207. Company insiders own 57.65% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Covestor Ltd purchased a new stake in Sezzle in the 3rd quarter valued at approximately $38,000. Modus Advisors LLC purchased a new stake in shares of Sezzle in the fourth quarter valued at $80,000. SG Americas Securities LLC acquired a new stake in shares of Sezzle during the third quarter valued at $165,000. Wilmington Savings Fund Society FSB purchased a new stake in Sezzle during the 3rd quarter worth about $188,000. Finally, Rhumbline Advisers purchased a new stake in Sezzle during the 2nd quarter worth about $203,000. 2.02% of the stock is currently owned by institutional investors and hedge funds.

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.