Sezzle (NASDAQ:SEZL) Price Target Raised to $360.00

Sezzle (NASDAQ:SEZL) had its price target upped by Northland Securities from $300.00 to $360.00 in a report issued on Thursday,Benzinga reports. Northland Securities currently has an outperform rating on the stock.

Separately, B. Riley increased their price target on Sezzle from $132.00 to $163.00 and gave the company a “buy” rating in a research note on Friday, August 23rd.

Sezzle Price Performance

SEZL stock opened at $271.16 on Thursday. Sezzle has a 1 year low of $15.00 and a 1 year high of $477.52. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.40 and a quick ratio of 2.40. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 28.85 and a beta of 9.23. The company has a 50 day simple moving average of $310.72 and a 200 day simple moving average of $182.92.

Insider Buying and Selling

In other news, Director Paul Martin Purcell sold 7,824 shares of Sezzle stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $164.86, for a total value of $1,289,864.64. Following the completion of the transaction, the director now directly owns 82,776 shares of the company’s stock, valued at approximately $13,646,451.36. This trade represents a 8.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kyle M. Brehm bought 110 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average cost of $360.00 per share, with a total value of $39,600.00. Following the purchase, the director now directly owns 3,718 shares of the company’s stock, valued at $1,338,480. This trade represents a 3.05 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 32,448 shares of company stock worth $7,470,923 in the last ninety days. Company insiders own 57.65% of the company’s stock.

Hedge Funds Weigh In On Sezzle

Several institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its stake in shares of Sezzle by 191.7% in the 3rd 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 in the last quarter. Principal Financial Group Inc. bought a new stake in Sezzle in the third quarter valued at $548,000. Virtu Financial LLC acquired a new position in shares of Sezzle during the third quarter valued at about $276,000. Navellier & Associates Inc. bought a new position in shares of Sezzle during the 3rd quarter worth about $1,217,000. Finally, XTX Topco Ltd acquired a new stake in shares of Sezzle in the 2nd quarter valued at about $544,000. 2.02% of the stock is 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.