Sezzle (NASDAQ:SEZL) Rating Reiterated by Northland Securities

Sezzle (NASDAQ:SEZL)‘s stock had its “outperform” rating reiterated by investment analysts at Northland Securities in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $150.00 price target on the stock, up from their previous price target of $119.00. Northland Securities’ target price would indicate a potential upside of 10.11% from the company’s previous close.

A number of other analysts also recently weighed in on SEZL. B. Riley boosted their target price on shares of Sezzle from $132.00 to $163.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Northland Capmk upgraded Sezzle to a “strong-buy” rating in a research report on Tuesday, July 9th.

Sezzle Stock Performance

NASDAQ:SEZL opened at $136.23 on Thursday. The company has a market cap of $770.93 million and a price-to-earnings ratio of 59.75. Sezzle has a 1 year low of $7.15 and a 1 year high of $140.36. The stock’s 50 day simple moving average is $98.59 and its two-hundred day simple moving average is $76.84. The company has a debt-to-equity ratio of 1.37, a current ratio of 2.07 and a quick ratio of 2.07.

Sezzle (NASDAQ:SEZL) last posted its earnings results on Wednesday, August 7th. The company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $1.33. The firm had revenue of $55.97 million during the quarter, compared to analyst estimates of $43.35 million. Sezzle had a net margin of 21.77% and a return on equity of 84.38%. As a group, equities analysts anticipate that Sezzle will post 6.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Justin Krause sold 2,000 shares of the stock in a transaction on Monday, June 24th. The shares were sold at an average price of $80.04, for a total value of $160,080.00. Following the sale, the senior vice president now owns 14,658 shares of the company’s stock, valued at $1,173,226.32. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Paul Paradis sold 1,645 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $75.03, for a total transaction of $123,424.35. Following the completion of the sale, the director now directly owns 187,917 shares of the company’s stock, valued at approximately $14,099,412.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Justin Krause sold 2,000 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $80.04, for a total value of $160,080.00. Following the completion of the transaction, the senior vice president now directly owns 14,658 shares in the company, valued at approximately $1,173,226.32. The disclosure for this sale can be found here. Insiders sold 161,830 shares of company stock valued at $17,263,362 over the last three months. 57.65% of the stock is owned by company insiders.

Institutional Trading of Sezzle

A number of large investors have recently made changes to their positions in SEZL. Vanguard Group Inc. bought a new stake in Sezzle during the 1st quarter valued at about $13,369,000. Bank of New York Mellon Corp purchased a new position in shares of Sezzle during the second quarter worth approximately $611,000. XTX Topco Ltd bought a new stake in shares of Sezzle during the second quarter valued at approximately $544,000. Divisadero Street Capital Management LP purchased a new stake in shares of Sezzle in the second quarter valued at approximately $356,000. Finally, Rhumbline Advisers bought a new position in Sezzle in the second quarter worth approximately $203,000. 2.02% of the stock is owned by hedge funds and other institutional investors.

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.