Sezzle (NASDAQ:SEZL) Stock Price Down 6.3% Following Insider Selling

Shares of Sezzle Inc. (NASDAQ:SEZL) were down 6.3% during mid-day 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 were traded 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 company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 68,846 shares of the company’s stock, valued at $27,538,400. This represents a 5.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Paul Martin Purcell sold 1,280 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $376.26, for a total value of $481,612.80. Following the completion of the sale, the director now directly owns 81,496 shares of the company’s stock, valued at $30,663,684.96. The trade was a 1.55 % decrease in their position. The disclosure for this sale can be found here.

Analysts Set New Price Targets

SEZL has been the topic of several research reports. Northland Securities lifted their price objective 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 Stock Performance

The business’s 50-day moving average price is $223.31 and its 200-day moving average price is $138.31. The stock has a market cap of $2.19 billion, a P/E ratio of 41.50 and a beta of 8.49. 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 Trading of Sezzle

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. purchased a new position in Sezzle during the first quarter valued at approximately $13,369,000. Bank of New York Mellon Corp purchased a new position in shares of Sezzle during the 2nd quarter valued at $611,000. Rhumbline Advisers bought a new position in Sezzle in the 2nd quarter worth $203,000. XTX Topco Ltd bought a new stake in Sezzle during the second quarter valued at about $544,000. Finally, Divisadero Street Capital Management LP purchased a new position in shares of Sezzle in the second quarter valued at about $356,000. Hedge funds and other institutional investors 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.