Sezzle (NASDAQ:SEZL) Stock Price Down 4.2% - Here's What Happened

Sezzle Inc. (NASDAQ:SEZL - Get Free Report) shares fell 4.2% on Tuesday . The stock traded as low as $252.47 and last traded at $254.68. 11,482 shares were traded during mid-day trading, a decline of 88% from the average session volume of 92,724 shares. The stock had previously closed at $265.97.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SEZL shares. B. Riley reissued a "buy" rating and set a $372.00 price target (up from $353.00) on shares of Sezzle in a research note on Thursday, December 19th. Northland Securities boosted their target price on Sezzle from $300.00 to $360.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th.

Sezzle Price Performance

The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.40 and a current ratio of 2.40. The company has a 50-day moving average of $312.28 and a 200-day moving average of $184.79. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 27.21 and a beta of 9.23.

Insider Buying and Selling

In other news, Director Paul Martin Purcell sold 7,824 shares of Sezzle stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $164.86, for a total transaction of $1,289,864.64. Following the completion of the transaction, the director now directly owns 82,776 shares in the company, valued at approximately $13,646,451.36. The trade was a 8.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Paul Paradis sold 4,026 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $400.00, for a total value of $1,610,400.00. Following the completion of the sale, the director now owns 68,846 shares in the company, valued at approximately $27,538,400. This trade represents a 5.52 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,148 shares of company stock worth $6,906,293. Insiders own 57.65% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Covestor Ltd bought a new position in shares of Sezzle during the third quarter worth approximately $38,000. MetLife Investment Management LLC increased its position in Sezzle by 129.2% during the 3rd quarter. MetLife Investment Management LLC now owns 1,446 shares of the company's stock worth $247,000 after buying an additional 815 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Sezzle during the third quarter worth $165,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Sezzle in the third quarter valued at about $188,000. Finally, Verition Fund Management LLC acquired a new position in shares of Sezzle in the third quarter valued at about $274,000. 2.02% of the stock is 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.