Sezzle (NASDAQ:SEZL) Trading Up 5.4% - Here's What Happened

Sezzle Inc. (NASDAQ:SEZL - Get Free Report) rose 5.4% on Wednesday . The company traded as high as $141.77 and last traded at $140.47. Approximately 316,356 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 841,912 shares. The stock had previously closed at $133.32.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SEZL shares. Wall Street Zen lowered shares of Sezzle from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Oppenheimer boosted their target price on shares of Sezzle from $168.00 to $202.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd.

Sezzle Price Performance

The company has a debt-to-equity ratio of 0.56, a current ratio of 2.62 and a quick ratio of 2.62. The stock has a market capitalization of $4.68 billion, a P/E ratio of 47.50 and a beta of 9.16. The company's 50 day simple moving average is $132.88 and its two-hundred day simple moving average is $74.21.

Insider Activity

In other news, Director Paul Paradis sold 3,000 shares of the stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $182.03, for a total transaction of $546,090.00. Following the sale, the director directly owned 260,000 shares of the company's stock, valued at $47,327,800. This represents a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Karen Hartje sold 5,484 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $168.02, for a total transaction of $921,421.68. Following the completion of the transaction, the chief financial officer owned 126,846 shares in the company, valued at $21,312,664.92. This represents a 4.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 498,092 shares of company stock valued at $43,127,736 over the last three months. 49.49% of the stock is owned by insiders.

Institutional Investors Weigh In On Sezzle

Hedge funds have recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new stake in shares of Sezzle during the fourth quarter worth $31,000. Farther Finance Advisors LLC bought a new stake in shares of Sezzle during the second quarter worth $33,000. CWM LLC increased its position in shares of Sezzle by 49,400.0% during the first quarter. CWM LLC now owns 990 shares of the company's stock worth $35,000 after acquiring an additional 988 shares in the last quarter. Federated Hermes Inc. increased its position in shares of Sezzle by 3,575.0% during the fourth quarter. Federated Hermes Inc. now owns 147 shares of the company's stock worth $38,000 after acquiring an additional 143 shares in the last quarter. Finally, Sound Income Strategies LLC bought a new stake in shares of Sezzle during the second quarter worth $40,000. 2.02% of the stock is currently owned by institutional investors and hedge funds.

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.