Sezzle (NASDAQ:SEZL) Shares Down 5.5% on Insider Selling

Sezzle Inc. (NASDAQ:SEZL - Get Free Report)'s share price fell 5.5% during mid-day trading on Monday after an insider sold shares in the company. The stock traded as low as $204.92 and last traded at $213.11. 45,534 shares were traded during trading, a decline of 46% from the average session volume of 84,067 shares. The stock had previously closed at $225.42.

Specifically, COO Amin Sabzivand sold 1,500 shares of the company's stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $205.57, for a total transaction of $308,355.00. Following the completion of the transaction, the chief operating officer now owns 46,860 shares in the company, valued at $9,633,010.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Amin Sabzivand sold 1,500 shares of the firm's stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $187.00, for a total transaction of $280,500.00. Following the completion of the transaction, the chief operating officer now directly owns 48,360 shares in the company, valued at approximately $9,043,320. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Analyst Ratings Changes

SEZL has been the subject of a number of recent analyst reports. Northland Securities restated an "outperform" rating and set a $185.00 price target (up previously from $150.00) on shares of Sezzle in a report on Monday, September 23rd. B. Riley boosted their price target on shares of Sezzle from $132.00 to $163.00 and gave the stock a "buy" rating in a research note on Friday, August 23rd. Finally, Northland Capmk upgraded shares of Sezzle to a "strong-buy" rating in a research note on Tuesday, July 9th.

Sezzle Stock Performance

The company has a debt-to-equity ratio of 1.37, a current ratio of 2.07 and a quick ratio of 2.07. The stock's 50-day moving average is $153.04 and its 200 day moving average is $103.16. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 27.60 and a beta of 8.93.

Sezzle (NASDAQ:SEZL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $2.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $1.33. The business had revenue of $55.97 million during the quarter, compared to analysts' expectations of $43.35 million. Sezzle had a return on equity of 84.38% and a net margin of 21.77%. As a group, analysts predict that Sezzle Inc. will post 6.71 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sezzle

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