Sezzle (NASDAQ:SEZL) Shares Down 6.3% - Here's Why

Sezzle Inc. (NASDAQ:SEZL - Get Free Report) dropped 6.3% on Tuesday . The company traded as low as $258.12 and last traded at $260.05. Approximately 53,734 shares were traded during trading, a decline of 57% from the average daily volume of 123,707 shares. The stock had previously closed at $277.54.

Analysts Set New Price Targets

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

Sezzle Price Performance

The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 36.19 and a beta of 9.56. The stock has a 50-day moving average price of $263.12 and a 200 day moving average price of $231.27. 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 Buying and Selling

In related news, CFO Karen Hartje sold 3,457 shares of Sezzle stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $316.32, for a total value of $1,093,518.24. Following the sale, the chief financial officer now directly owns 35,121 shares in the company, valued at approximately $11,109,474.72. The trade was a 8.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Kyle M. Brehm acquired 110 shares of the business's stock in a transaction on Thursday, December 5th. The shares were purchased at an average price of $360.00 per share, with a total value of $39,600.00. Following the completion of the purchase, the director now owns 3,718 shares in the company, 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 owned by insiders.

Institutional Trading of Sezzle

Large investors have recently bought and sold shares of the business. Nomura Holdings Inc. acquired a new stake in shares of Sezzle in the fourth quarter valued at approximately $435,000. Millennium Management LLC boosted its position in shares of Sezzle by 172.7% during the 4th quarter. Millennium Management LLC now owns 27,398 shares of the company's stock valued at $7,008,000 after acquiring an additional 17,351 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Sezzle by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,320 shares of the company's stock valued at $338,000 after acquiring an additional 44 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Sezzle by 43.4% in the fourth quarter. Janus Henderson Group PLC now owns 3,802 shares of the company's stock valued at $973,000 after purchasing an additional 1,150 shares during the period. Finally, Gotham Asset Management LLC purchased a new position in Sezzle during the fourth quarter worth about $375,000. 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.