Sezzle Inc. (NASDAQ:SEZL - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $259.57, but opened at $323.28. Sezzle shares last traded at $299.39, with a volume of 62,444 shares changing hands.
A number of research firms have commented on SEZL. Northland Securities upped their price target on Sezzle from $300.00 to $360.00 and gave the stock an "outperform" rating in a research note on Thursday, December 19th. B. Riley restated a "buy" rating and set a $372.00 target price (up from $353.00) on shares of Sezzle in a research note on Thursday, December 19th.
Read Our Latest Analysis on Sezzle
The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 32.23 and a beta of 9.72. The stock's 50 day moving average is $326.93 and its two-hundred day moving average is $204.37.
In related news, Director Paul Martin Purcell sold 1,280 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $376.26, for a total transaction of $481,612.80. Following the completion of the sale, the director now directly owns 81,496 shares of the company's stock, valued at $30,663,684.96. This trade represents a 1.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kyle M. Brehm acquired 106 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was purchased at an average price of $402.00 per share, for a total transaction of $42,612.00. Following the completion of the transaction, the director now owns 3,608 shares in the company, valued at $1,450,416. The trade was a 3.03 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 7,707 shares of company stock worth $3,210,207. Company insiders own 57.65% of the company's stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Covestor Ltd purchased a new stake in Sezzle in the 3rd quarter valued at approximately $38,000. Modus Advisors LLC purchased a new stake in shares of Sezzle in the fourth quarter valued at $80,000. SG Americas Securities LLC acquired a new stake in shares of Sezzle during the third quarter valued at $165,000. Wilmington Savings Fund Society FSB purchased a new stake in Sezzle during the 3rd quarter worth about $188,000. Finally, Rhumbline Advisers purchased a new stake in Sezzle during the 2nd quarter worth about $203,000. 2.02% of the stock is currently owned by institutional investors and hedge funds.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Sezzle, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sezzle wasn't on the list.
While Sezzle currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.