Sezzle (NASDAQ:SEZL) Shares Down 8.8% – Here’s Why

Shares of Sezzle Inc. (NASDAQ:SEZL) dropped 8.8% on Monday . The company traded as low as $379.22 and last traded at $386.51. Approximately 75,533 shares traded hands during mid-day trading, a decline of 16% from the average daily volume of 89,489 shares. The stock had previously closed at $424.03.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Northland Securities lifted their price target on Sezzle from $185.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. B. Riley lifted their price target on Sezzle from $132.00 to $163.00 and gave the company a “buy” rating in a research report on Friday, August 23rd.

Sezzle Price Performance

The firm has a market capitalization of $2.15 billion, a PE ratio of 40.86 and a beta of 9.23. The stock has a 50-day moving average price of $271.54 and a 200 day moving average price of $161.59. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54.

Insider Activity

In other news, Director Kyle M. Brehm purchased 106 shares of the stock in a transaction dated Wednesday, November 20th. The shares were purchased at an average cost of $402.00 per share, with a total value of $42,612.00. Following the completion of the purchase, the director now directly owns 3,608 shares of the company’s stock, valued at approximately $1,450,416. The trade was a 3.03 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Paul Martin Purcell sold 10,000 shares of Sezzle 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 sale, the director now directly owns 132,080 shares in the company, valued at $17,740,985.60. This represents a 7.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 71,178 shares of company stock worth $12,943,950 over the last three months. 57.65% of the stock is currently owned by corporate insiders.

Institutional Trading of Sezzle

A number of institutional investors have recently made changes to their positions in the company. Covestor Ltd acquired a new stake in shares of Sezzle in the third quarter worth approximately $38,000. MetLife Investment Management LLC boosted its stake in shares of Sezzle by 129.2% in the third quarter. MetLife Investment Management LLC now owns 1,446 shares of the company’s stock worth $247,000 after acquiring an additional 815 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Sezzle in the third quarter worth approximately $165,000. Wilmington Savings Fund Society FSB acquired a new position in Sezzle during the third quarter worth $188,000. Finally, Verition Fund Management LLC acquired a new position in Sezzle during the third quarter worth $274,000. 2.02% of the stock is owned by institutional investors and hedge funds.

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.