Sezzle (NASDAQ:SEZL) Shares Gap Up – Should You Buy?

Shares of Sezzle Inc. (NASDAQ:SEZL) 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.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SEZL shares. B. Riley reaffirmed a “buy” rating and set a $372.00 price target (up previously from $353.00) on shares of Sezzle in a research report on Thursday, December 19th. Northland Securities upped their target price on Sezzle from $300.00 to $360.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th.

Sezzle Stock Performance

The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $1.26 billion, a P/E ratio of 23.94 and a beta of 9.72. The company’s 50 day moving average is $323.40 and its 200-day moving average is $206.11.

Insider Transactions at Sezzle

In other Sezzle news, Director Paul Martin Purcell sold 1,280 shares of Sezzle stock in a transaction dated 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 transaction, the director now owns 81,496 shares in the company, valued at approximately $30,663,684.96. The trade was a 1.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul Paradis sold 4,026 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was 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 of the company’s stock, valued at approximately $27,538,400. This trade represents a 5.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,707 shares of company stock valued at $3,210,207 in the last 90 days. 57.65% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sezzle

Several institutional investors have recently bought and sold shares of SEZL. SG Americas Securities LLC boosted its holdings in Sezzle by 22.2% during the 4th quarter. SG Americas Securities LLC now owns 1,184 shares of the company’s stock worth $303,000 after acquiring an additional 215 shares during the last quarter. Covestor Ltd purchased a new position in Sezzle during the third quarter worth about $38,000. Modus Advisors LLC bought a new stake in Sezzle in the 4th quarter worth about $80,000. MetLife Investment Management LLC boosted its stake 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 buying an additional 815 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Sezzle in the third quarter valued at approximately $188,000. 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.