Sezzle (NASDAQ:SEZL) Shares Gap Down to $176.79

Sezzle Inc. (NASDAQ:SEZL)’s share price gapped down before the market opened on Friday . The stock had previously closed at $176.79, but opened at $172.51. Sezzle shares last traded at $175.00, with a volume of 6,087 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SEZL shares. Northland Capmk raised shares of Sezzle to a “strong-buy” rating in a research note on Tuesday, July 9th. B. Riley raised their price objective on shares of Sezzle from $132.00 to $163.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Finally, Northland Securities reiterated an “outperform” rating and set a $185.00 target price (up previously from $150.00) on shares of Sezzle in a research report on Monday.

Sezzle Stock Performance

The stock has a market cap of $988.97 million and a P/E ratio of 77.54. The stock has a fifty day simple moving average of $122.21 and a 200-day simple moving average of $89.88. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.37.

Sezzle (NASDAQ:SEZL) last announced its quarterly 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 business had revenue of $55.97 million for the quarter, compared to the consensus estimate of $43.35 million. Sezzle had a net margin of 21.77% and a return on equity of 84.38%. Equities analysts expect that Sezzle Inc. will post 6.71 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Paul Martin Purcell sold 4,000 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $89.19, for a total transaction of $356,760.00. Following the sale, the director now owns 396,173 shares of the company’s stock, valued at approximately $35,334,669.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Paul Martin Purcell sold 4,000 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $89.19, for a total transaction of $356,760.00. Following the completion of the sale, the director now directly owns 396,173 shares of the company’s stock, valued at approximately $35,334,669.87. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Amin Sabzivand sold 1,500 shares of Sezzle stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $147.10, for a total transaction of $220,650.00. Following the completion of the transaction, the chief operating officer now directly owns 51,748 shares in the company, valued at approximately $7,612,130.80. The disclosure for this sale can be found here. Insiders sold 176,714 shares of company stock valued at $21,805,651 in the last quarter. Company insiders own 57.65% of the company’s stock.

Hedge Funds Weigh In On Sezzle

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. bought a new stake in shares of Sezzle in the first quarter valued at about $13,369,000. Bank of New York Mellon Corp acquired a new stake in Sezzle in the 2nd quarter valued at approximately $611,000. XTX Topco Ltd bought a new stake in Sezzle in the 2nd quarter valued at approximately $544,000. Divisadero Street Capital Management LP bought a new position in shares of Sezzle during the 2nd quarter worth approximately $356,000. Finally, Rhumbline Advisers acquired a new stake in shares of Sezzle in the second quarter valued at approximately $203,000. Institutional investors own 2.02% of the company’s stock.

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.