Sezzle (NASDAQ:SEZL) Sets New 52-Week High on Insider Buying Activity

Sezzle Inc. (NASDAQ:SEZL) shares hit a new 52-week high during mid-day trading on Friday following insider buying activity. The company traded as high as $470.00 and last traded at $450.15, with a volume of 32736 shares changing hands. The stock had previously closed at $446.05.

Specifically, Director Kyle M. Brehm acquired 106 shares of Sezzle stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average price of $402.00 per share, for a total transaction of $42,612.00. Following the transaction, the director now directly owns 3,608 shares of the company’s stock, valued at approximately $1,450,416. The trade was a 3.03 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Wall Street Analysts Forecast Growth

SEZL has been the topic of a number of recent research reports. B. Riley lifted 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. Northland Securities lifted their target price on shares of Sezzle from $185.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th.

Sezzle Stock Up 4.0 %

The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 49.36 and a beta of 8.49. 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 fifty day moving average of $235.54 and a two-hundred day moving average of $143.33.

Institutional Investors Weigh In On Sezzle

A number of institutional investors have recently made changes to their positions in the stock. Covestor Ltd bought a new position in shares of Sezzle during the third quarter worth about $38,000. SG Americas Securities LLC acquired a new stake in Sezzle during the 3rd quarter valued at approximately $165,000. Rhumbline Advisers bought a new position in Sezzle during the 2nd quarter worth approximately $203,000. MetLife Investment Management LLC lifted its position in shares of Sezzle by 129.2% in the 3rd 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. Finally, Verition Fund Management LLC bought a new stake in shares of Sezzle in the 3rd quarter valued at $274,000. 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.