Sezzle (NASDAQ:SEZL) Trading Down 6.3% on Insider Selling

Sezzle Inc. (NASDAQ:SEZL) dropped 6.3% during trading on Wednesday following insider selling activity. The stock traded as low as $383.66 and last traded at $399.26. Approximately 30,780 shares changed hands during trading, a decline of 65% from the average daily volume of 88,577 shares. The stock had previously closed at $425.88.

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

Analyst Upgrades and Downgrades

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

Sezzle Price Performance

The firm has a market cap of $2.19 billion, a PE ratio of 41.50 and a beta of 8.49. The stock has a 50 day simple moving average of $223.31 and a two-hundred day simple moving average of $138.31. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.40 and a current ratio of 2.40.

Institutional Investors Weigh In On Sezzle

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. XTX Topco Ltd purchased a new position in Sezzle during the second quarter worth approximately $544,000. Vanguard Group Inc. purchased a new stake in Sezzle during the 1st quarter valued at about $13,369,000. Divisadero Street Capital Management LP acquired a new stake in shares of Sezzle in the second quarter valued at approximately $356,000. Creative Planning purchased a new position in shares of Sezzle during the 3rd quarter worth $383,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Sezzle in the second quarter valued at about $611,000. Institutional investors and hedge funds 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.