Sezzle (NASDAQ:SEZL) Stock Price Down 3.2% After Insider Selling

Sezzle Inc. (NASDAQ:SEZL) shares were down 3.2% during mid-day trading on Tuesday following insider selling activity. The company traded as low as $147.30 and last traded at $147.30. Approximately 32,750 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 83,725 shares. The stock had previously closed at $152.23.

Specifically, Director Paul Martin Purcell sold 5,000 shares of Sezzle stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $149.92, for a total value of $749,600.00. Following the sale, the director now owns 126,665 shares of the company’s stock, valued at approximately $18,989,616.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Amin Sabzivand sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $147.10, for a total value of $220,650.00. Following the transaction, the chief operating officer now directly owns 51,748 shares of the company’s stock, valued at approximately $7,612,130.80. The disclosure for this sale can be found here. In other news, Director Paul Martin Purcell sold 10,000 shares of Sezzle stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $134.32, for a total value of $1,343,200.00. Following the sale, the director now directly owns 132,080 shares in the company, valued at $17,740,985.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Northland Capmk raised shares of Sezzle to a “strong-buy” rating in a research report on Tuesday, July 9th. Northland Securities restated an “outperform” rating and issued a $150.00 price objective (up previously from $119.00) on shares of Sezzle in a report on Thursday, August 29th. Finally, B. Riley upped their target price on Sezzle from $132.00 to $163.00 and gave the stock a “buy” rating in a report on Friday, August 23rd.

Sezzle Stock Down 2.3 %

The firm has a market capitalization of $833.17 million and a P/E ratio of 65.25. The firm’s 50 day moving average is $111.02 and its two-hundred day moving average is $84.97. The company has a debt-to-equity ratio of 1.37, a current ratio of 2.07 and a quick ratio of 2.07.

Sezzle (NASDAQ:SEZL) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $1.33. The firm had revenue of $55.97 million during the quarter, compared to analysts’ expectations of $43.35 million. Sezzle had a net margin of 21.77% and a return on equity of 84.38%. Research analysts predict that Sezzle Inc. will post 6.71 EPS for the current year.

Hedge Funds Weigh In On Sezzle

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. acquired a new stake in shares of Sezzle in the first quarter valued at approximately $13,369,000. Bank of New York Mellon Corp bought a new stake in Sezzle in the 2nd quarter valued at $611,000. XTX Topco Ltd acquired a new stake in Sezzle during the 2nd quarter valued at $544,000. Divisadero Street Capital Management LP bought a new position in Sezzle during the second quarter worth $356,000. Finally, Rhumbline Advisers acquired a new position in shares of Sezzle in the second quarter valued at $203,000. 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.