Northland Securities Boosts Sezzle (NASDAQ:SEZL) Price Target to $360.00

Sezzle (NASDAQ:SEZL) had its target price raised by stock analysts at Northland Securities from $300.00 to $360.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Northland Securities’ price target suggests a potential upside of 32.76% from the stock’s current price.

Separately, B. Riley lifted their price target on shares of Sezzle from $132.00 to $163.00 and gave the company a “buy” rating in a research report on Friday, August 23rd.

Sezzle Stock Performance

Shares of NASDAQ SEZL opened at $271.16 on Thursday. The business’s 50-day simple moving average is $310.72 and its 200-day simple moving average is $182.21. 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 firm has a market cap of $1.52 billion, a price-to-earnings ratio of 28.85 and a beta of 9.23.

Insider Transactions at Sezzle

In related news, Director Kyle M. Brehm purchased 110 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were bought at an average cost of $360.00 per share, for a total transaction of $39,600.00. Following the transaction, the director now directly owns 3,718 shares of the company’s stock, valued at approximately $1,338,480. This trade represents a 3.05 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Justin Krause sold 1,500 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $178.00, for a total transaction of $267,000.00. Following the transaction, the senior vice president now directly owns 16,533 shares of the company’s stock, valued at $2,942,874. This represents a 8.32 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,448 shares of company stock worth $7,470,923. Company insiders own 57.65% of the company’s stock.

Hedge Funds Weigh In On Sezzle

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of Sezzle by 3.5% during the 3rd quarter. State Street Corp now owns 49,362 shares of the company’s stock worth $8,421,000 after purchasing an additional 1,683 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake 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 buying an additional 13,383 shares in the last quarter. Navellier & Associates Inc. bought a new stake in Sezzle in the 3rd quarter valued at $1,217,000. Bank of New York Mellon Corp acquired a new position in shares of Sezzle in the 2nd quarter valued at $611,000. Finally, XTX Topco Ltd bought a new position in shares of Sezzle during the 2nd quarter worth about $544,000. 2.02% of the stock is currently 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.