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

Sezzle Inc. (NASDAQ:SEZL) was down 3.2% during mid-day trading on Tuesday after an insider sold shares in the company. The company traded as low as $147.30 and last traded at $147.30. Approximately 32,750 shares were traded 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 the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $149.92, for a total value of $749,600.00. Following the transaction, the director now directly owns 126,665 shares in the company, valued at approximately $18,989,616.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Amin Sabzivand sold 1,500 shares of the firm’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 transaction of $220,650.00. Following the sale, the chief operating officer now 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 related news, Director Paul Martin Purcell sold 10,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $134.32, for a total value of $1,343,200.00. Following the completion of the transaction, the director now directly owns 132,080 shares in the company, valued at $17,740,985.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Analyst Ratings Changes

SEZL has been the topic of a number of research analyst reports. Northland Capmk upgraded Sezzle to a “strong-buy” rating in a research report on Tuesday, July 9th. B. Riley boosted their price objective on shares of Sezzle from $132.00 to $163.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, Northland Securities reaffirmed an “outperform” rating and set a $150.00 target price (up previously from $119.00) on shares of Sezzle in a research note on Thursday, August 29th.

Sezzle Trading Down 3.3 %

The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.37. The business has a 50-day simple moving average of $109.95 and a 200-day simple moving average of $84.24. The company has a market cap of $824.26 million and a PE ratio of 66.77.

Sezzle (NASDAQ:SEZL) last posted its earnings results on Wednesday, August 7th. The company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $1.33. Sezzle had a return on equity of 84.38% and a net margin of 21.77%. The firm had revenue of $55.97 million for the quarter, compared to analyst estimates of $43.35 million. On average, analysts predict that Sezzle Inc. will post 6.71 EPS for the current fiscal year.

Institutional Trading of Sezzle

Several hedge funds have recently made changes to their positions in SEZL. Vanguard Group Inc. acquired a new stake in shares of Sezzle in the first quarter valued at $13,369,000. Bank of New York Mellon Corp purchased a new stake in Sezzle during the 2nd quarter worth about $611,000. Rhumbline Advisers purchased a new position in shares of Sezzle in the 2nd quarter valued at about $203,000. XTX Topco Ltd purchased a new position in shares of Sezzle in the 2nd quarter valued at about $544,000. Finally, Divisadero Street Capital Management LP acquired a new position in shares of Sezzle during the second quarter worth about $356,000. Institutional investors and hedge funds 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.