Sezzle (NASDAQ:SEZL) Trading Down 7.7% - Here's What Happened

Sezzle Inc. (NASDAQ:SEZL - Get Free Report) shares dropped 7.7% on Monday . The company traded as low as $244.12 and last traded at $244.65. Approximately 17,052 shares traded hands during trading, a decline of 82% from the average daily volume of 92,605 shares. The stock had previously closed at $265.06.

Analyst Ratings Changes

A number of brokerages have issued reports on SEZL. Northland Securities lifted their price target on shares of Sezzle from $300.00 to $360.00 and gave the company an "outperform" rating in a report on Thursday, December 19th. B. Riley restated a "buy" rating and issued a $372.00 target price (up previously from $353.00) on shares of Sezzle in a report on Thursday, December 19th.

Sezzle Stock Performance

The firm has a 50-day moving average of $317.53 and a two-hundred day moving average of $191.27. The company has a market capitalization of $1.43 billion, a PE ratio of 27.13 and a beta of 9.23. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54.

Insider Activity

In other Sezzle news, Director Kyle M. Brehm acquired 106 shares of the company's stock in a transaction dated Wednesday, November 20th. The shares were acquired at an average price of $402.00 per share, for a total transaction of $42,612.00. Following the acquisition, the director now owns 3,608 shares in the company, valued at $1,450,416. The trade was a 3.03 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Paul Martin Purcell sold 7,824 shares of the business's stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $164.86, for a total transaction of $1,289,864.64. Following the completion of the sale, the director now directly owns 82,776 shares of the company's stock, valued at approximately $13,646,451.36. This trade represents a 8.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,531 shares of company stock valued at $5,088,926. 57.65% of the stock is currently owned by insiders.

Institutional Trading of Sezzle

A number of hedge funds have recently added to or reduced their stakes in SEZL. Covestor Ltd acquired a new stake in Sezzle in the third quarter valued at $38,000. SG Americas Securities LLC purchased a new position in Sezzle in the 3rd quarter valued at about $165,000. Wilmington Savings Fund Society FSB acquired a new stake in Sezzle during the third quarter worth approximately $188,000. Rhumbline Advisers purchased a new position in Sezzle during the second quarter worth about $203,000. Finally, MetLife Investment Management LLC lifted its holdings in shares of 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 acquiring an additional 815 shares during the period. 2.02% of the stock is owned by institutional investors and hedge funds.

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.