Sezzle (NASDAQ:SEZL) Shares Gap Down - Here's What Happened

Sezzle Inc. (NASDAQ:SEZL - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $431.48, but opened at $414.32. Sezzle shares last traded at $414.63, with a volume of 61,595 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SEZL shares. B. Riley upped their target price on shares of Sezzle from $132.00 to $163.00 and gave the company a "buy" rating in a report on Friday, August 23rd. Northland Securities upped their price objective on Sezzle from $185.00 to $300.00 and gave the company an "outperform" rating in a research note on Friday.

Sezzle Stock Performance

The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.07 and a current ratio of 2.07. The company has a fifty day moving average of $181.76 and a two-hundred day moving average of $119.70. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 44.11 and a beta of 8.49.

Insider Activity

In related news, Director Paul Martin Purcell sold 800 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $126.05, for a total transaction of $100,840.00. Following the sale, the director now owns 261,797 shares of the company's stock, valued at $32,999,511.85. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP Justin Krause sold 1,500 shares of the firm's stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $138.00, for a total value of $207,000.00. Following the sale, the senior vice president now directly owns 16,533 shares of the company's stock, valued at $2,281,554. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Paul Martin Purcell sold 800 shares of the business's stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $126.05, for a total value of $100,840.00. Following the transaction, the director now directly owns 261,797 shares of the company's stock, valued at approximately $32,999,511.85. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 131,065 shares of company stock valued at $18,568,426. 57.65% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SEZL. Covestor Ltd bought a new stake in shares of Sezzle in the 3rd quarter valued at about $38,000. Principal Financial Group Inc. acquired a new position in shares of Sezzle in the 3rd quarter worth approximately $548,000. OmniStar Financial Group Inc. bought a new stake in shares of Sezzle in the 3rd quarter valued at $354,000. Creative Planning bought a new position in Sezzle during the third quarter worth $383,000. Finally, SG Americas Securities LLC bought a new stake in Sezzle during the third quarter valued at $165,000. Institutional investors and hedge funds 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.

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