Sezzle (NASDAQ:SEZL) Shares Down 7.3% Following Insider Selling

Sezzle Inc. (NASDAQ:SEZL) fell 7.3% during mid-day trading on Wednesday following insider selling activity. The company traded as low as $87.18 and last traded at $88.25. 28,964 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 80,749 shares. The stock had previously closed at $95.24.

Specifically, SVP Justin Krause sold 1,619 shares of the business’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $98.00, for a total transaction of $158,662.00. Following the completion of the transaction, the senior vice president now directly owns 16,533 shares in the company, valued at $1,620,234. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, SVP Justin Krause sold 1,619 shares of the company’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $98.00, for a total value of $158,662.00. Following the completion of the transaction, the senior vice president now directly owns 16,533 shares in the company, valued at approximately $1,620,234. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul Paradis sold 1,645 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $67.85, for a total value of $111,613.25. Following the completion of the transaction, the director now owns 212,136 shares of the company’s stock, valued at $14,393,427.60. The disclosure for this sale can be found here. Insiders sold a total of 72,077 shares of company stock worth $6,117,618 over the last ninety days. 57.65% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SEZL has been the subject of a number of research reports. Northland Capmk upgraded Sezzle to a “strong-buy” rating in a report on Tuesday. B. Riley assumed coverage on Sezzle in a report on Wednesday, June 26th. They set a “buy” rating and a $113.00 target price for the company. Finally, Northland Securities assumed coverage on Sezzle in a report on Tuesday. They set an “outperform” rating and a $119.00 target price for the company.

Sezzle Price Performance

The company has a market capitalization of $464.83 million and a PE ratio of 35.96. The firm has a fifty day moving average of $76.94 and a two-hundred day moving average of $58.17. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.42.

Sezzle (NASDAQ:SEZL) last issued its earnings results on Wednesday, May 8th. The company reported $1.34 earnings per share for the quarter. The company had revenue of $46.98 million during the quarter. Sezzle had a return on equity of 62.26% and a net margin of 7.79%. Research analysts anticipate that Sezzle Inc. will post 4.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Sezzle stock. Tower Research Capital LLC TRC purchased a new stake in shares of Sezzle Inc. (NASDAQ:SEZL) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,223 shares of the company’s stock, valued at approximately $25,000. 2.02% of the stock is owned by hedge funds and other institutional investors.

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.