Sezzle (NASDAQ:SEZL) Sets New 52-Week High at $181.98

Sezzle Inc. (NASDAQ:SEZL) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $181.98 and last traded at $181.98, with a volume of 4873 shares changing hands. The stock had previously closed at $176.97.

Wall Street Analyst Weigh In

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

Sezzle Stock Up 1.1 %

The company has a debt-to-equity ratio of 1.37, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a market cap of $1.00 billion and a PE ratio of 77.62. The business has a fifty day moving average of $118.69 and a 200-day moving average of $88.67.

Sezzle (NASDAQ:SEZL) last released its quarterly earnings data on Wednesday, August 7th. The company reported $2.17 EPS for the quarter, topping the consensus estimate of $0.84 by $1.33. Sezzle had a return on equity of 84.38% and a net margin of 21.77%. The company had revenue of $55.97 million for the quarter, compared to the consensus estimate of $43.35 million. Equities research analysts anticipate that Sezzle Inc. will post 6.71 earnings per share for the current year.

Insider Activity at Sezzle

In other Sezzle news, Director Paul Martin Purcell sold 29,924 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $121.61, for a total transaction of $3,639,057.64. Following the transaction, the director now owns 269,716 shares of the company’s stock, valued at approximately $32,800,162.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Justin Krause sold 1,500 shares of Sezzle stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $138.00, for a total value of $207,000.00. Following the transaction, the senior vice president now directly owns 16,533 shares in the company, valued at approximately $2,281,554. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul Martin Purcell sold 29,924 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $121.61, for a total value of $3,639,057.64. Following the sale, the director now owns 269,716 shares of the company’s stock, valued at $32,800,162.76. The disclosure for this sale can be found here. Insiders sold 198,951 shares of company stock worth $23,587,391 over the last three months. 57.65% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sezzle

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