Sezzle (NASDAQ:SEZL) Earns “Buy” Rating from B. Riley

Sezzle (NASDAQ:SEZL)‘s stock had its “buy” rating reiterated by B. Riley in a research note issued on Thursday,Benzinga reports. They currently have a $372.00 price objective on the stock, up from their prior price objective of $353.00. B. Riley’s price objective would suggest a potential upside of 37.19% from the company’s previous close.

Separately, Northland Securities lifted their target price on shares of Sezzle from $300.00 to $360.00 and gave the stock an “outperform” rating in a research report on Thursday.

Sezzle Stock Performance

NASDAQ SEZL opened at $271.16 on Thursday. Sezzle has a fifty-two week low of $15.00 and a fifty-two week high of $477.52. The stock has a market cap of $1.52 billion, a PE ratio of 28.85 and a beta of 9.23. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.40 and a current ratio of 2.40. The firm’s fifty day moving average price is $310.72 and its two-hundred day moving average price is $182.21.

Insider Activity at Sezzle

In other Sezzle news, Director Paul Martin Purcell sold 1,800 shares of Sezzle stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $165.35, for a total value of $297,630.00. Following the completion of the sale, the director now directly owns 117,450 shares in the company, valued at approximately $19,420,357.50. The trade was a 1.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Justin Krause sold 1,500 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $178.00, for a total value of $267,000.00. Following the transaction, the senior vice president now owns 16,533 shares in the company, valued at $2,942,874. The trade was a 8.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,448 shares of company stock worth $7,470,923 over the last ninety days. Insiders own 57.65% of the company’s stock.

Institutional Investors Weigh In On Sezzle

A number of large investors have recently bought and sold shares of SEZL. Charles Schwab Investment Management Inc. grew its stake in Sezzle by 191.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 20,363 shares of the company’s stock valued at $3,474,000 after acquiring an additional 13,383 shares during the period. Principal Financial Group Inc. acquired a new stake in Sezzle in the 3rd quarter valued at $548,000. Virtu Financial LLC bought a new stake in Sezzle during the 3rd quarter valued at $276,000. Navellier & Associates Inc. bought a new stake in Sezzle during the 3rd quarter valued at $1,217,000. Finally, XTX Topco Ltd acquired a new position in Sezzle during the second quarter worth $544,000. 2.02% of the stock is currently owned by institutional investors and hedge funds.

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.