Sezzle (NASDAQ:SEZL) Given New $360.00 Price Target at Northland Securities

Sezzle (NASDAQ:SEZL) had its target price raised by research analysts at Northland Securities from $300.00 to $360.00 in a report released on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Northland Securities’ target price would suggest a potential upside of 48.66% from the stock’s current price.

Separately, B. Riley lifted their target price on Sezzle from $132.00 to $163.00 and gave the stock a “buy” rating in a report on Friday, August 23rd.

Sezzle Stock Performance

SEZL opened at $242.17 on Thursday. 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 stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 25.76 and a beta of 9.23. The company has a fifty day moving average of $307.21 and a 200 day moving average of $180.43. Sezzle has a fifty-two week low of $14.83 and a fifty-two week high of $477.52.

Insider Transactions at Sezzle

In other news, Director Kyle M. Brehm acquired 110 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were acquired at an average price of $360.00 per share, for a total transaction of $39,600.00. Following the completion of the transaction, the director now directly owns 3,718 shares of the company’s stock, valued at approximately $1,338,480. The trade was a 3.05 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul Martin Purcell sold 9,808 shares of the stock in a transaction on Monday, September 30th. The shares were sold at an average price of $170.43, for a total transaction of $1,671,577.44. Following the completion of the sale, the director now directly owns 91,833 shares in the company, valued at approximately $15,651,098.19. This represents a 9.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,448 shares of company stock worth $7,470,923 in the last three months. Insiders own 57.65% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Covestor Ltd bought a new stake in shares of Sezzle during the 3rd quarter worth approximately $38,000. SG Americas Securities LLC bought a new stake in Sezzle during the 3rd quarter valued at about $165,000. Wilmington Savings Fund Society FSB purchased a new stake in Sezzle in the 3rd quarter valued at about $188,000. MetLife Investment Management LLC grew its stake in Sezzle by 129.2% in the 3rd quarter. MetLife Investment Management LLC now owns 1,446 shares of the company’s stock worth $247,000 after acquiring an additional 815 shares in the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of Sezzle during the third quarter valued at approximately $274,000. 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.