Sezzle (NASDAQ:SEZL) Trading Down 9.4% - Should You Sell?

Sezzle Inc. (NASDAQ:SEZL - Get Free Report) shares were down 9.4% during trading on Thursday . The company traded as low as $302.91 and last traded at $299.53. Approximately 56,364 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 133,809 shares. The stock had previously closed at $330.74.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SEZL shares. Northland Securities upped their target price on Sezzle from $300.00 to $360.00 and gave the company an "outperform" rating in a research report on Thursday, December 19th. B. Riley reaffirmed a "buy" rating and set a $372.00 price objective (up from $353.00) on shares of Sezzle in a research report on Thursday, December 19th.

Sezzle Stock Down 7.1 %

The stock has a market capitalization of $1.61 billion, a PE ratio of 30.49 and a beta of 9.56. The firm has a 50 day moving average of $263.36 and a two-hundred day moving average of $237.68. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54.

Insider Activity at Sezzle

In other Sezzle news, CFO Karen Hartje sold 3,457 shares of the firm's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $316.32, for a total transaction of $1,093,518.24. Following the completion of the transaction, the chief financial officer now owns 35,121 shares of the company's stock, valued at approximately $11,109,474.72. This trade represents a 8.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kyle M. Brehm purchased 110 shares of the company's stock in a transaction on Thursday, December 5th. The shares were bought at an average cost of $360.00 per share, with a total value of $39,600.00. Following the transaction, the director now directly owns 3,718 shares of the company's stock, valued at $1,338,480. This represents a 3.05 % increase in their position. The disclosure for this purchase can be found here. 57.65% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sezzle

Several hedge funds have recently bought and sold shares of SEZL. Plato Investment Management Ltd purchased a new stake in shares of Sezzle in the fourth quarter valued at $30,000. Meeder Asset Management Inc. purchased a new stake in shares of Sezzle in the fourth quarter valued at $31,000. Federated Hermes Inc. grew its position in shares of Sezzle by 3,575.0% in the fourth quarter. Federated Hermes Inc. now owns 147 shares of the company's stock valued at $38,000 after purchasing an additional 143 shares during the period. Covestor Ltd purchased a new stake in shares of Sezzle in the third quarter valued at $38,000. Finally, Modus Advisors LLC purchased a new stake in shares of Sezzle in the fourth quarter valued at $80,000. 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.