Sezzle (NASDAQ:SEZL) Shares Gap Down on Insider Selling

Sezzle Inc. (NASDAQ:SEZL) gapped down before the market opened on Friday after an insider sold shares in the company. The stock had previously closed at $87.93, but opened at $85.74. Sezzle shares last traded at $88.26, with a volume of 44,638 shares traded.

Specifically, Director Paul Martin Purcell sold 23,737 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $86.31, for a total transaction of $2,048,740.47. Following the transaction, the director now owns 414,873 shares of the company’s stock, valued at approximately $35,807,688.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Paul Paradis sold 1,645 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $67.66, for a total value of $111,300.70. Following the sale, the director now directly owns 213,781 shares of the company’s stock, valued at approximately $14,464,422.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Paul Martin Purcell sold 23,737 shares of Sezzle stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $86.31, for a total value of $2,048,740.47. Following the transaction, the director now owns 414,873 shares of the company’s stock, valued at $35,807,688.63. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,113 shares of company stock valued at $4,429,283. 57.65% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, B. Riley assumed coverage on shares of Sezzle in a research note on Wednesday. They set a “buy” rating and a $113.00 target price for the company.

Sezzle Stock Performance

The company has a fifty day moving average of $71.17 and a two-hundred day moving average of $53.82. The firm has a market capitalization of $500.21 million and a price-to-earnings ratio of 38.69. The company has a debt-to-equity ratio of 2.42, a quick ratio of 2.06 and a current ratio of 2.06.

Sezzle (NASDAQ:SEZL) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $1.34 earnings per share for the quarter. The business had revenue of $46.98 million during the quarter. Sezzle had a net margin of 7.79% and a return on equity of 62.26%.

Institutional Investors Weigh In On Sezzle

A hedge fund recently bought a new stake in Sezzle stock. Tower Research Capital LLC TRC bought a new stake in shares of Sezzle Inc. (NASDAQ:SEZL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,223 shares of the company’s stock, valued at approximately $25,000. Institutional investors 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.