Sezzle (NASDAQ:SEZL) Shares Down 6.3% – Here’s What Happened

Shares of Sezzle Inc. (NASDAQ:SEZL) dropped 6.3% on Tuesday . The stock traded as low as $258.12 and last traded at $260.05. Approximately 53,734 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 123,707 shares. The stock had previously closed at $277.54.

Wall Street Analyst Weigh In

SEZL has been the subject of a number of analyst reports. B. Riley reissued a “buy” rating and issued a $372.00 price objective (up from $353.00) on shares of Sezzle in a research report on Thursday, December 19th. Northland Securities increased their target price on Sezzle from $300.00 to $360.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th.

Sezzle Trading Down 3.6 %

The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.40 and a current ratio of 2.40. The business has a fifty day simple moving average of $267.98 and a 200 day simple moving average of $224.85. The company has a market cap of $1.50 billion, a P/E ratio of 28.43 and a beta of 9.56.

Insider Buying and Selling at Sezzle

In other news, Director Kyle M. Brehm bought 110 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were purchased at an average price of $360.00 per share, with a total value of $39,600.00. Following the completion of the acquisition, the director now directly owns 3,718 shares in the company, valued at approximately $1,338,480. This trade represents a 3.05 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Karen Hartje sold 3,457 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $316.32, for a total value of $1,093,518.24. Following the completion of the sale, the chief financial officer now directly owns 35,121 shares in the company, valued at $11,109,474.72. This represents a 8.96 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,164 shares of company stock worth $4,303,725. 57.65% of the stock is owned by insiders.

Institutional Investors Weigh In On Sezzle

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Plato Investment Management Ltd bought a new stake in shares of Sezzle in the 4th quarter worth approximately $30,000. Covestor Ltd bought a new position in shares of Sezzle in the third quarter valued at $38,000. Modus Advisors LLC bought a new position in shares of Sezzle in the fourth quarter valued at $80,000. Principal Securities Inc. bought a new position in shares of Sezzle in the fourth quarter valued at $84,000. Finally, SG Americas Securities LLC bought a new position in shares of Sezzle in the third quarter valued at $165,000. 2.02% of the stock is currently owned by institutional investors.

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.