Sezzle (NASDAQ:SEZL) Sets New 52-Week High at $155.40

Sezzle Inc. (NASDAQ:SEZL)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $155.40 and last traded at $155.40, with a volume of 11201 shares traded. The stock had previously closed at $147.56.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Northland Capmk upgraded shares of Sezzle to a “strong-buy” rating in a research report on Tuesday, July 9th. B. Riley upped their price target on shares of Sezzle from $132.00 to $163.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, Northland Securities restated an “outperform” rating and set a $150.00 price objective (up from $119.00) on shares of Sezzle in a research report on Thursday, August 29th.

Sezzle Stock Performance

The company has a market capitalization of $915.04 million and a PE ratio of 71.67. The stock’s fifty day simple moving average is $115.41 and its 200-day simple moving average is $86.70. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.07 and a current ratio of 2.07.

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

Insider Activity

In related news, Director Paul Martin Purcell sold 500 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $127.12, for a total value of $63,560.00. Following the transaction, the director now directly owns 208,738 shares of the company’s stock, valued at approximately $26,534,774.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Paul Martin Purcell sold 500 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $127.12, for a total transaction of $63,560.00. Following the completion of the sale, the director now owns 208,738 shares of the company’s stock, valued at approximately $26,534,774.56. The transaction was disclosed in a filing with the SEC, which can be accessed 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 transaction, the chief operating officer now directly owns 51,748 shares in the company, valued at $7,612,130.80. The disclosure for this sale can be found here. Insiders sold 206,305 shares of company stock valued at $23,926,796 in the last ninety days. Company insiders own 57.65% of the company’s stock.

Institutional Trading of Sezzle

A number of hedge funds have recently made changes to their positions in SEZL. Rhumbline Advisers acquired a new position in Sezzle in the 2nd quarter worth $203,000. Divisadero Street Capital Management LP acquired a new position in shares of Sezzle in the 2nd quarter valued at approximately $356,000. XTX Topco Ltd purchased a new position in shares of Sezzle during the 2nd quarter valued at approximately $544,000. Bank of New York Mellon Corp acquired a new stake in shares of Sezzle during the second quarter worth approximately $611,000. Finally, Vanguard Group Inc. bought a new stake in shares of Sezzle in the first quarter worth $13,369,000. Hedge funds and other institutional investors own 2.02% of the company’s stock.

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.