Sezzle (NASDAQ:SEZL) Reaches New 12-Month High at $155.40

Sezzle Inc. (NASDAQ:SEZL) hit a new 52-week high during trading on Thursday . The stock traded as high as $155.40 and last traded at $155.40, with a volume of 11201 shares. The stock had previously closed at $147.56.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SEZL shares. Northland Capmk raised shares of Sezzle to a “strong-buy” rating in a report on Tuesday, July 9th. B. Riley raised their price target on shares of Sezzle from $132.00 to $163.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, Northland Securities reaffirmed an “outperform” rating and issued a $150.00 price target (up previously from $119.00) on shares of Sezzle in a report on Thursday, August 29th.

Sezzle Stock Up 10.1 %

The company has a fifty day moving average price of $112.33 and a 200 day moving average price of $85.41. The company has a market cap of $919.08 million and a PE ratio of 69.10. 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 quarterly earnings data on Wednesday, August 7th. The company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $0.84 by $1.33. Sezzle had a net margin of 21.77% and a return on equity of 84.38%. The firm had revenue of $55.97 million for the quarter, compared to analysts’ expectations of $43.35 million. As a group, analysts anticipate that Sezzle Inc. will post 6.71 EPS for the current year.

Insider Transactions at Sezzle

In related news, SVP Justin Krause sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $80.04, for a total value of $160,080.00. Following the completion of the sale, the senior vice president now owns 14,658 shares in the company, valued at approximately $1,173,226.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Sezzle news, SVP Justin Krause sold 2,000 shares of the business’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $80.04, for a total transaction of $160,080.00. Following the transaction, the senior vice president now directly owns 14,658 shares of the company’s stock, valued at approximately $1,173,226.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Paul Paradis sold 1,645 shares of the stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $89.84, for a total transaction of $147,786.80. Following the completion of the transaction, the director now owns 194,497 shares of the company’s stock, valued at $17,473,610.48. The disclosure for this sale can be found here. In the last three months, insiders sold 201,709 shares of company stock worth $23,050,546. 57.65% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SEZL. Rhumbline Advisers purchased a new stake in shares of Sezzle in the second quarter worth $203,000. Divisadero Street Capital Management LP bought a new position in Sezzle in the 2nd quarter worth about $356,000. XTX Topco Ltd purchased a new stake in Sezzle during the 2nd quarter valued at about $544,000. Bank of New York Mellon Corp bought a new stake in Sezzle during the 2nd quarter valued at about $611,000. Finally, Vanguard Group Inc. purchased a new position in Sezzle in the first quarter worth about $13,369,000. 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.