Sezzle (NASDAQ:SEZL) Stock Price Down 5.5% Following Insider Selling

Sezzle Inc. (NASDAQ:SEZL)’s share price dropped 5.5% on Monday following insider selling activity. The stock traded as low as $204.92 and last traded at $213.11. Approximately 45,534 shares traded hands during trading, a decline of 46% from the average daily volume of 84,067 shares. The stock had previously closed at $225.42.

Specifically, COO Amin Sabzivand sold 1,500 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $205.57, for a total transaction of $308,355.00. Following the completion of the transaction, the chief operating officer now owns 46,860 shares in the company, valued at approximately $9,633,010.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Amin Sabzivand sold 1,500 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $187.00, for a total value of $280,500.00. Following the completion of the sale, the chief operating officer now owns 48,360 shares in the company, valued at $9,043,320. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SEZL. B. Riley upped their price target on shares of Sezzle from $132.00 to $163.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Northland Securities reissued an “outperform” rating and set a $185.00 price objective (up previously from $150.00) on shares of Sezzle in a report on Monday, September 23rd. Finally, Northland Capmk upgraded shares of Sezzle to a “strong-buy” rating in a research report on Tuesday, July 9th.

Sezzle Trading Down 5.5 %

The stock has a market cap of $1.21 billion, a P/E ratio of 90.46 and a beta of 8.93. The firm’s fifty day moving average price is $151.53 and its two-hundred day moving average price is $102.25. 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 released its quarterly earnings results on Wednesday, August 7th. The company reported $2.17 earnings per share for the quarter, beating 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 analysts’ expectations of $43.35 million. As a group, equities research analysts forecast 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 modified their holdings of the company. SG Americas Securities LLC bought a new stake in Sezzle in the 3rd quarter worth approximately $165,000. OmniStar Financial Group Inc. purchased a new position in shares of Sezzle during the third quarter worth approximately $354,000. Creative Planning purchased a new position in shares of Sezzle during the third quarter worth approximately $383,000. Rhumbline Advisers bought a new stake in shares of Sezzle in the 2nd quarter worth approximately $203,000. Finally, Divisadero Street Capital Management LP purchased a new stake in shares of Sezzle in the 2nd quarter valued at $356,000. 2.02% of the stock is currently owned by hedge funds and other institutional investors.

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.