Sezzle (NASDAQ:SEZL) Sets New 52-Week High After Insider Buying Activity

Sezzle Inc. (NASDAQ:SEZL)’s share price hit a new 52-week high during mid-day trading on Friday following insider buying activity. The company traded as high as $470.00 and last traded at $450.15, with a volume of 32736 shares. The stock had previously closed at $446.05.

Specifically, Director Kyle M. Brehm purchased 106 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were bought at an average price of $402.00 per share, for a total transaction of $42,612.00. Following the acquisition, the director now owns 3,608 shares in the company, valued at $1,450,416. This represents a 3.03 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Northland Securities lifted their price objective on shares of Sezzle from $185.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. B. Riley raised their target price on shares of Sezzle from $132.00 to $163.00 and gave the stock a “buy” rating in a report on Friday, August 23rd.

Sezzle Price Performance

The stock has a market capitalization of $2.60 billion, a PE ratio of 49.36 and a beta of 8.49. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.40 and a quick ratio of 2.40. The stock’s fifty day moving average is $235.54 and its 200-day moving average is $144.02.

Institutional Trading of Sezzle

Several institutional investors have recently bought and sold shares of SEZL. Vanguard Group Inc. acquired a new stake in Sezzle in the 1st quarter worth about $13,369,000. State Street Corp increased 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 buying an additional 1,683 shares during the last quarter. Charles Schwab Investment Management Inc. increased 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 acquiring an additional 13,383 shares during the last quarter. Navellier & Associates Inc. acquired a new stake in shares of Sezzle during the 3rd quarter worth about $1,217,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Sezzle in the 2nd quarter valued at approximately $611,000. 2.02% of the stock is owned by institutional investors and hedge funds.

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.