Sezzle (NASDAQ:SEZL) Earns Buy Rating from B. Riley

Sezzle (NASDAQ:SEZL)‘s stock had its “buy” rating reissued by analysts at B. Riley in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $372.00 target price on the stock, up from their previous target price of $353.00. B. Riley’s target price would suggest a potential upside of 37.19% from the stock’s current price.

Separately, Northland Securities lifted their target price on Sezzle from $300.00 to $360.00 and gave the stock an “outperform” rating in a research note on Thursday.

Sezzle Stock Up 11.4 %

Shares of SEZL stock opened at $271.16 on Thursday. Sezzle has a 52-week low of $15.00 and a 52-week high of $477.52. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.40 and a current 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 firm’s 50-day moving average is $310.72 and its 200-day moving average is $182.21.

Insider Transactions at Sezzle

In other news, Director Paul Paradis sold 4,026 shares of Sezzle stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $400.00, for a total value of $1,610,400.00. Following the completion of the sale, the director now directly owns 68,846 shares in the company, valued at approximately $27,538,400. The trade was a 5.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kyle M. Brehm purchased 106 shares of Sezzle stock in a transaction that occurred on Wednesday, November 20th. The shares were bought at an average cost 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 $1,450,416. This represents a 3.03 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 32,448 shares of company stock worth $7,470,923 over the last quarter. Company insiders own 57.65% of the company’s stock.

Institutional Trading of Sezzle

Several large investors have recently modified their holdings of SEZL. Charles Schwab Investment Management Inc. lifted its position in Sezzle by 191.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 20,363 shares of the company’s stock worth $3,474,000 after purchasing an additional 13,383 shares during the period. Navellier & Associates Inc. acquired a new stake in shares of Sezzle during the 3rd quarter worth approximately $1,217,000. Bank of New York Mellon Corp bought a new position in Sezzle in the second quarter valued at approximately $611,000. XTX Topco Ltd acquired a new position in Sezzle during the second quarter valued at approximately $544,000. Finally, Divisadero Street Capital Management LP bought a new stake in Sezzle during the second quarter worth $356,000. 2.02% of the stock is owned by institutional investors and hedge funds.

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.