Sezzle (NASDAQ:SEZL) Stock Price Up 5.4% - Still a Buy?

Sezzle Inc. (NASDAQ:SEZL - Get Free Report)'s share price shot up 5.4% on Wednesday . The stock traded as high as $141.77 and last traded at $140.47. 316,356 shares were traded during mid-day trading, a decline of 62% from the average session volume of 841,912 shares. The stock had previously closed at $133.32.

Analyst Ratings Changes

Several research firms have weighed in on SEZL. Oppenheimer boosted their price target on shares of Sezzle from $168.00 to $202.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Wall Street Zen downgraded shares of Sezzle from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd.

Sezzle Trading Up 0.2%

The stock has a market capitalization of $4.69 billion, a P/E ratio of 47.37 and a beta of 9.16. The firm's 50 day moving average price is $131.82 and its 200 day moving average price is $73.53. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.62 and a quick ratio of 2.62.

Insider Activity

In other news, COO Amin Sabzivand sold 18,000 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $157.31, for a total transaction of $2,831,580.00. Following the completion of the transaction, the chief operating officer directly owned 243,303 shares of the company's stock, valued at approximately $38,273,994.93. This represents a 6.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Paul Paradis sold 50,000 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $90.53, for a total transaction of $4,526,500.00. Following the transaction, the director directly owned 528,382 shares of the company's stock, valued at approximately $47,834,422.46. This trade represents a 8.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 498,092 shares of company stock valued at $43,127,736. Insiders own 49.49% of the company's stock.

Hedge Funds Weigh In On Sezzle

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Sezzle by 497.6% during the first quarter. Vanguard Group Inc. now owns 1,013,698 shares of the company's stock valued at $35,368,000 after buying an additional 844,084 shares during the period. Driehaus Capital Management LLC increased its position in shares of Sezzle by 497.8% during the first quarter. Driehaus Capital Management LLC now owns 327,276 shares of the company's stock valued at $11,419,000 after buying an additional 272,530 shares during the period. Acadian Asset Management LLC increased its position in shares of Sezzle by 719.1% during the first quarter. Acadian Asset Management LLC now owns 173,310 shares of the company's stock valued at $6,040,000 after buying an additional 152,152 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Sezzle by 1,068.2% during the first quarter. Goldman Sachs Group Inc. now owns 169,487 shares of the company's stock valued at $5,913,000 after buying an additional 154,978 shares during the period. Finally, Royal Bank of Canada increased its position in shares of Sezzle by 429.0% during the first quarter. Royal Bank of Canada now owns 132,361 shares of the company's stock valued at $4,618,000 after buying an additional 107,340 shares during the period. Hedge funds and other institutional investors 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.