Sezzle (NASDAQ:SEZL) Shares Down 5.2% - What's Next?

Shares of Sezzle Inc. (NASDAQ:SEZL - Get Free Report) were down 5.2% during trading on Friday . The company traded as low as $250.35 and last traded at $248.93. Approximately 28,540 shares changed hands during trading, a decline of 79% from the average daily volume of 132,913 shares. The stock had previously closed at $262.51.

Analyst Ratings Changes

A number of equities analysts recently commented on SEZL shares. Northland Securities lifted their price target on shares of Sezzle from $300.00 to $360.00 and gave the stock an "outperform" rating in a research note on Thursday, December 19th. 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.

Sezzle Stock Performance

The company has a market capitalization of $1.26 billion, a PE ratio of 23.94 and a beta of 9.72. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54. The firm's 50-day simple moving average is $323.40 and its 200-day simple moving average is $206.93.

Insider Buying and Selling at Sezzle

In other news, Director Paul Martin Purcell sold 1,280 shares of the company's stock in a transaction that occurred on Friday, November 15th. The shares were 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 owns 81,496 shares of the company's stock, valued at approximately $30,663,684.96. This represents a 1.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 sale, the director now directly owns 68,846 shares of the company's stock, valued at $27,538,400. The trade was a 5.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,707 shares of company stock valued at $3,210,207 in the last three months. Company insiders own 57.65% of the company's stock.

Institutional Investors Weigh In On Sezzle

Several hedge funds have recently modified their holdings of SEZL. Covestor Ltd purchased a new stake in shares of Sezzle in the 3rd quarter worth approximately $38,000. Modus Advisors LLC bought a new position in shares of Sezzle during the 4th quarter worth approximately $80,000. SG Americas Securities LLC bought a new position in shares of Sezzle during the 3rd quarter worth approximately $165,000. Wilmington Savings Fund Society FSB bought a new position in shares of Sezzle during the 3rd quarter worth approximately $188,000. Finally, Rhumbline Advisers bought a new position in shares of Sezzle during the 2nd quarter worth approximately $203,000. 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.