Sezzle (NASDAQ:SEZL) Trading Down 7.7% – Should You Sell?

Sezzle Inc. (NASDAQ:SEZL)’s stock price fell 7.7% during mid-day trading on Monday . The company traded as low as $244.12 and last traded at $244.65. 17,052 shares were traded during mid-day trading, a decline of 82% from the average session volume of 92,605 shares. The stock had previously closed at $265.06.

Analyst Upgrades and Downgrades

SEZL has been the subject of several research analyst reports. B. Riley restated a “buy” rating and set a $372.00 price objective (up from $353.00) on shares of Sezzle in a research report on Thursday, December 19th. Northland Securities upped their price objective on Sezzle from $300.00 to $360.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th.

Sezzle Price Performance

The business’s 50-day simple moving average is $316.30 and its two-hundred day simple moving average is $190.01. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 26.44 and a beta of 9.23. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.40 and a quick ratio of 2.40.

Insider Buying and Selling

In other Sezzle news, Director Paul Martin Purcell sold 7,824 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $164.86, for a total transaction of $1,289,864.64. Following the sale, the director now directly owns 82,776 shares of the company’s stock, valued at $13,646,451.36. The trade was a 8.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kyle M. Brehm purchased 106 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were acquired at an average cost of $402.00 per share, with a total value of $42,612.00. Following 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 disclosure for this purchase can be found here. Insiders have sold 18,531 shares of company stock worth $5,088,926 in the last 90 days. Insiders own 57.65% of the company’s stock.

Institutional Trading of Sezzle

A number of institutional investors and hedge funds have recently bought and sold shares of SEZL. JPMorgan Chase & Co. grew its position in shares of Sezzle by 295.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,979 shares of the company’s stock valued at $679,000 after buying an additional 2,974 shares during the last quarter. Principal Financial Group Inc. acquired a new position in shares of Sezzle in the third quarter worth approximately $548,000. Wilmington Savings Fund Society FSB bought a new stake in Sezzle in the third quarter valued at approximately $188,000. Virtu Financial LLC acquired a new stake in Sezzle during the 3rd quarter valued at approximately $276,000. Finally, Barclays PLC raised its holdings in Sezzle by 125.4% during the 3rd quarter. Barclays PLC now owns 4,515 shares of the company’s stock worth $771,000 after purchasing an additional 2,512 shares during the last quarter. 2.02% of the stock is currently 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.