Sezzle (NASDAQ:SEZL) Shares Gap Up – What’s Next?

Sezzle Inc. (NASDAQ:SEZL)’s share price gapped up before the market opened on Monday . The stock had previously closed at $286.65, but opened at $294.55. Sezzle shares last traded at $269.16, with a volume of 51,071 shares changing hands.

Wall Street Analysts Forecast Growth

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

Sezzle Stock Up 0.2 %

The company has a debt-to-equity ratio of 1.54, a current ratio of 2.40 and a quick ratio of 2.40. The firm’s 50-day moving average price is $263.36 and its 200 day moving average price is $239.92. The firm has a market cap of $1.61 billion, a P/E ratio of 30.55 and a beta of 9.58.

Insider Transactions at Sezzle

In other news, Director Kyle M. Brehm bought 110 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were bought at an average cost of $360.00 per share, with a total value of $39,600.00. Following the purchase, the director now directly owns 3,718 shares in the company, valued at $1,338,480. This trade represents a 3.05 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Paul Martin Purcell sold 2,401 shares of the business’s stock in a transaction on 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 sale, the director now directly owns 58,275 shares in the company, valued at approximately $27,139,833. This trade represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 57.65% of the company’s stock.

Hedge Funds Weigh In On Sezzle

Institutional investors and hedge funds have recently modified their holdings of the stock. Plato Investment Management Ltd purchased a new position in shares of Sezzle during the 4th quarter valued at $30,000. Meeder Asset Management Inc. bought a new stake in Sezzle in the fourth quarter worth $31,000. Covestor Ltd bought a new stake in Sezzle in the third quarter worth $38,000. Federated Hermes Inc. boosted its holdings in Sezzle by 3,575.0% in the fourth quarter. Federated Hermes Inc. now owns 147 shares of the company’s stock worth $38,000 after purchasing an additional 143 shares in the last quarter. Finally, Modus Advisors LLC bought a new stake in Sezzle during the fourth quarter valued at about $80,000. 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.