Sezzle (NASDAQ:SEZL) Shares Gap Up – Still a Buy?

Sezzle Inc. (NASDAQ:SEZL) shares gapped up prior to trading on Wednesday . The stock had previously closed at $428.46, but opened at $446.70. Sezzle shares last traded at $412.30, with a volume of 23,850 shares.

Analysts Set New Price Targets

Several equities analysts have recently commented on SEZL shares. Northland Securities increased their price target on shares of Sezzle from $185.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. B. Riley increased 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 Trading Down 3.2 %

The stock has a market cap of $2.33 billion, a P/E ratio of 44.14 and a beta of 8.49. The firm’s 50 day simple moving average is $257.81 and its two-hundred day simple moving average is $153.55. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54.

Insider Buying and Selling at Sezzle

In other Sezzle news, Director Paul Martin Purcell sold 2,401 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $465.72, for a total transaction of $1,118,193.72. Following the completion of the transaction, the director now owns 58,275 shares in the company, valued at approximately $27,139,833. The trade was a 3.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kyle M. Brehm purchased 106 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was acquired at an average cost of $402.00 per share, with a total value of $42,612.00. Following the purchase, the director now owns 3,608 shares of the company’s stock, valued at approximately $1,450,416. This represents a 3.03 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 77,690 shares of company stock valued at $13,796,892 in the last ninety days. Company insiders own 57.65% of the company’s stock.

Hedge Funds Weigh In On Sezzle

Several large investors have recently bought and sold shares of SEZL. Principal Financial Group Inc. bought a new stake in Sezzle during the third quarter worth approximately $548,000. Navellier & Associates Inc. purchased a new stake in Sezzle during the third quarter valued at about $1,217,000. XTX Topco Ltd acquired a new position in Sezzle in the 2nd quarter worth approximately $544,000. Vanguard Group Inc. purchased a new position in Sezzle during the 1st quarter worth approximately $13,369,000. Finally, Divisadero Street Capital Management LP acquired a new stake in Sezzle during the 2nd quarter valued at $356,000. Institutional investors and hedge funds 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.