Sezzle (NASDAQ:SEZL) Sets New 12-Month High – Here’s Why

Sezzle Inc. (NASDAQ:SEZL) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $189.34 and last traded at $189.34, with a volume of 42535 shares trading hands. The stock had previously closed at $179.75.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SEZL shares. Northland Capmk raised shares of Sezzle to a “strong-buy” rating in a research note on Tuesday, July 9th. Northland Securities reiterated 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. Finally, B. Riley increased 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.

Sezzle Stock Up 1.2 %

The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 28.63 and a beta of 8.93. The business’s 50-day moving average is $144.62 and its two-hundred day moving average is $99.16. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.07 and a current ratio of 2.07.

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

Insider Buying and Selling at Sezzle

In related news, COO Amin Sabzivand sold 1,500 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now directly owns 48,360 shares in the company, valued at approximately $9,043,320. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Paul Martin Purcell sold 7,824 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $164.86, for a total transaction of $1,289,864.64. Following the completion of the transaction, the director now directly owns 82,776 shares in the company, valued at approximately $13,646,451.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Amin Sabzivand sold 1,500 shares of Sezzle stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $187.00, for a total value of $280,500.00. Following the completion of the sale, the chief operating officer now directly owns 48,360 shares in the company, valued at approximately $9,043,320. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 172,417 shares of company stock valued at $23,016,852. Company insiders own 57.65% of the company’s stock.

Institutional Trading of Sezzle

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. bought a new stake in Sezzle during the 1st quarter worth about $13,369,000. Bank of New York Mellon Corp acquired a new stake in shares of Sezzle in the second quarter valued at about $611,000. XTX Topco Ltd bought a new stake in Sezzle during the second quarter worth about $544,000. Divisadero Street Capital Management LP acquired a new position in Sezzle during the second quarter valued at approximately $356,000. Finally, Rhumbline Advisers acquired a new position in shares of Sezzle during the 2nd quarter worth approximately $203,000. 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.