Sezzle (NASDAQ:SEZL) Stock Price Down 6.3% Following Insider Selling

Sezzle Inc. (NASDAQ:SEZL)’s stock price fell 6.3% during mid-day trading on Wednesday following insider selling activity. The company traded as low as $383.66 and last traded at $399.26. 30,780 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 88,577 shares. The stock had previously closed at $425.88.

Specifically, Director Paul Paradis sold 4,026 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $400.00, for a total value of $1,610,400.00. Following the transaction, the director now owns 68,846 shares in the company, valued at approximately $27,538,400. This represents a 5.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Paul Martin Purcell sold 1,280 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $376.26, for a total transaction of $481,612.80. Following the sale, the director now directly owns 81,496 shares of the company’s stock, valued at $30,663,684.96. This trade represents a 1.55 % decrease in their position. The disclosure for this sale can be found here.

Analyst Upgrades and Downgrades

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

Sezzle Stock Performance

The business’s 50 day simple moving average is $229.26 and its two-hundred day simple moving average is $140.46. The firm has a market capitalization of $2.51 billion, a PE ratio of 47.54 and a beta of 8.49. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54.

Institutional Trading of Sezzle

A number of hedge funds have recently bought and sold shares of the company. Covestor Ltd purchased a new position in Sezzle in the third quarter worth about $38,000. SG Americas Securities LLC purchased a new position in shares of Sezzle in the third quarter worth approximately $165,000. MetLife Investment Management LLC grew its position in Sezzle by 129.2% during the third quarter. MetLife Investment Management LLC now owns 1,446 shares of the company’s stock valued at $247,000 after buying an additional 815 shares during the period. Verition Fund Management LLC purchased a new stake in Sezzle during the third quarter valued at approximately $274,000. Finally, Virtu Financial LLC bought a new position in Sezzle in the third quarter worth approximately $276,000. Hedge funds and other institutional investors own 2.02% of the company’s stock.

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.