Sezzle (NASDAQ:SEZL) Reaches New 1-Year High at $126.56

Sezzle Inc. (NASDAQ:SEZL)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $126.56 and last traded at $124.90, with a volume of 41402 shares trading hands. The stock had previously closed at $118.36.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SEZL. B. Riley started coverage on shares of Sezzle in a research report on Wednesday, June 26th. They set a “buy” rating and a $113.00 price target for the company. Northland Securities initiated coverage on shares of Sezzle in a report on Tuesday, July 9th. They set an “outperform” rating and a $119.00 target price for the company. Finally, Northland Capmk raised Sezzle to a “strong-buy” rating in a research note on Tuesday, July 9th.

Sezzle Price Performance

The company has a market capitalization of $694.34 million and a price-to-earnings ratio of 53.95. The company has a 50-day moving average price of $87.14 and a 200-day moving average price of $69.76. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.07 and a current ratio of 2.07.

Insider Buying and Selling

In other Sezzle news, SVP Justin Krause sold 2,000 shares of the stock in a transaction on Monday, June 24th. The shares were sold at an average price of $80.04, for a total value of $160,080.00. Following the sale, the senior vice president now directly owns 14,658 shares in the company, valued at $1,173,226.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Sezzle news, SVP Justin Krause sold 2,000 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $80.04, for a total value of $160,080.00. Following the completion of the transaction, the senior vice president now directly owns 14,658 shares of the company’s stock, valued at $1,173,226.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul Paradis sold 1,645 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $78.56, for a total value of $129,231.20. Following the sale, the director now directly owns 203,326 shares in the company, valued at approximately $15,973,290.56. The disclosure for this sale can be found here. Insiders have sold 114,838 shares of company stock valued at $10,965,523 in the last 90 days. 57.65% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC bought a new stake in Sezzle in the 4th quarter valued at $25,000. Rhumbline Advisers bought a new stake in shares of Sezzle in the second quarter valued at about $203,000. Divisadero Street Capital Management LP bought a new stake in shares of Sezzle in the second quarter valued at about $356,000. XTX Topco Ltd acquired a new position in shares of Sezzle during the second quarter worth about $544,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Sezzle during the second quarter worth about $611,000. Institutional investors and hedge funds own 2.02% of the company’s stock.

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.