Sezzle (NASDAQ:SEZL) Shares Down 5.8% - Time to Sell?

Shares of Sezzle Inc. (NASDAQ:SEZL - Get Free Report) were down 5.8% on Tuesday . The company traded as low as $260.00 and last traded at $260.00. Approximately 18,590 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 110,612 shares. The stock had previously closed at $276.05.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. B. Riley restated a "buy" rating and set a $372.00 price target (up from $353.00) on shares of Sezzle in a report on Thursday, December 19th. Northland Securities increased their target price 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.

Sezzle Trading Down 7.9 %

The business has a 50 day moving average of $323.81 and a two-hundred day moving average of $197.80. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 27.04 and a beta of 9.72. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.40 and a current ratio of 2.40.

Insider Transactions at Sezzle

In other news, Director Paul Paradis sold 4,026 shares of the firm'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 value of $1,610,400.00. Following the transaction, the director now owns 68,846 shares in the company, valued at $27,538,400. This trade represents a 5.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Amin Sabzivand sold 1,500 shares of Sezzle stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $187.00, for a total value of $280,500.00. Following the transaction, the chief operating officer now directly owns 48,360 shares in the company, valued at approximately $9,043,320. The trade was a 3.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,707 shares of company stock valued at $3,799,062 over the last ninety days. 57.65% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sezzle

Large investors have recently bought and sold shares of the stock. Covestor Ltd bought a new stake in shares of Sezzle in the 3rd quarter worth $38,000. Modus Advisors LLC bought a new stake in Sezzle in the 4th quarter worth about $80,000. MetLife Investment Management LLC grew its position in Sezzle by 129.2% in the 3rd quarter. MetLife Investment Management LLC now owns 1,446 shares of the company's stock worth $247,000 after purchasing an additional 815 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Sezzle in the 3rd quarter valued at about $165,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Sezzle during the 3rd quarter worth approximately $188,000. 2.02% of the stock is currently owned by institutional investors.

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.