Sezzle (NASDAQ:SEZL) Shares Gap Down – Time to Sell?

Sezzle Inc. (NASDAQ:SEZL) gapped down prior to trading on Monday . The stock had previously closed at $228.63, but opened at $217.08. Sezzle shares last traded at $215.00, with a volume of 12,464 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. B. Riley reaffirmed a “buy” rating and set a $372.00 target price (up previously from $353.00) on shares of Sezzle in a research note on Thursday, December 19th. Northland Securities raised their price target on shares of Sezzle from $300.00 to $360.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th.

Sezzle Stock Up 5.2 %

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 50 day simple moving average of $326.93 and a 200-day simple moving average of $204.37. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 24.83 and a beta of 9.72.

Insider Activity at Sezzle

In other news, Director Kyle M. Brehm bought 106 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were bought at an average cost of $402.00 per share, for a total transaction of $42,612.00. Following the acquisition, the director now directly owns 3,608 shares of the company’s stock, valued at $1,450,416. This trade represents a 3.03 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Paul Paradis sold 4,026 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $400.00, for a total transaction of $1,610,400.00. Following the sale, the director now owns 68,846 shares of the company’s stock, valued at $27,538,400. This represents a 5.52 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,207 shares of company stock valued at $3,518,562. 57.65% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sezzle

A number of hedge funds have recently modified their holdings of SEZL. Charles Schwab Investment Management Inc. lifted its position in Sezzle by 191.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 20,363 shares of the company’s stock valued at $3,474,000 after buying an additional 13,383 shares during the last quarter. Navellier & Associates Inc. purchased a new stake in shares of Sezzle in the 3rd quarter valued at approximately $1,217,000. Bank of New York Mellon Corp acquired a new position in shares of Sezzle in the 2nd quarter worth approximately $611,000. XTX Topco Ltd purchased a new position in shares of Sezzle during the 2nd quarter worth approximately $544,000. Finally, Divisadero Street Capital Management LP acquired a new stake in Sezzle in the 2nd quarter valued at approximately $356,000. 2.02% of the stock is currently owned by hedge funds and other institutional investors.

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.