Sezzle (NASDAQ:SEZL) Hits New 12-Month High After Insider Buying Activity

Sezzle Inc. (NASDAQ:SEZL)’s stock price reached a new 52-week high during mid-day trading on Friday after an insider bought additional shares in the company. The company traded as high as $470.00 and last traded at $450.15, with a volume of 32736 shares. The stock had previously closed at $446.05.

Specifically, Director Kyle M. Brehm acquired 106 shares of the stock in a transaction dated Wednesday, November 20th. The stock was purchased at an average cost of $402.00 per share, with a total value of $42,612.00. Following the transaction, the director now owns 3,608 shares in the company, valued at approximately $1,450,416. The trade was a 3.03 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Analysts Set New Price Targets

Several equities research analysts recently commented on SEZL shares. Northland Securities upped their target price on Sezzle from $185.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. B. Riley increased their price target on Sezzle from $132.00 to $163.00 and gave the stock a “buy” rating in a report on Friday, August 23rd.

Sezzle Trading Up 4.0 %

The firm’s 50 day simple moving average is $235.54 and its two-hundred day simple moving average is $143.33. The stock has a market capitalization of $2.60 billion, a P/E ratio of 49.36 and a beta of 8.49. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54.

Institutional Trading of Sezzle

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SEZL. Covestor Ltd bought a new position in Sezzle in the third quarter worth approximately $38,000. MetLife Investment Management LLC raised its position in shares of Sezzle by 129.2% during the third quarter. MetLife Investment Management LLC now owns 1,446 shares of the company’s stock worth $247,000 after purchasing an additional 815 shares during the period. SG Americas Securities LLC acquired a new stake in Sezzle in the 3rd quarter valued at $165,000. Verition Fund Management LLC bought a new stake in Sezzle during the 3rd quarter valued at $274,000. Finally, Virtu Financial LLC acquired a new position in Sezzle during the third quarter worth $276,000. 2.02% of the stock is owned by institutional investors.

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.