Sezzle (NASDAQ:SEZL) Trading Down 7.5% – Here’s Why

Sezzle Inc. (NASDAQ:SEZL) traded down 7.5% during trading on Tuesday . The company traded as low as $395.00 and last traded at $395.00. 19,641 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 87,668 shares. The stock had previously closed at $427.21.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. B. Riley raised their price target on shares of Sezzle from $132.00 to $163.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Northland Securities increased their price objective on shares of Sezzle from $185.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th.

Sezzle Price Performance

The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 40.65 and a beta of 8.49. The stock has a fifty day simple moving average of $192.32 and a 200-day simple moving average of $124.51. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.40 and a quick ratio of 2.07.

Insider Buying and Selling at Sezzle

In related news, SVP Justin Krause sold 1,500 shares of Sezzle 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 completion of the transaction, the senior vice president now owns 16,533 shares in the company, valued at $2,281,554. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Justin Krause sold 1,500 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $138.00, for a total transaction of $207,000.00. Following the completion of the sale, the senior vice president now owns 16,533 shares of the company’s stock, valued at $2,281,554. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul Martin Purcell sold 19,187 shares of Sezzle stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $127.51, for a total value of $2,446,534.37. Following the completion of the sale, the director now owns 236,054 shares in the company, valued at approximately $30,099,245.54. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 130,265 shares of company stock valued at $18,467,586. Corporate insiders own 57.65% of the company’s stock.

Institutional Investors Weigh In On Sezzle

A number of large investors have recently modified their holdings of the business. Covestor Ltd purchased a new stake in Sezzle during the 3rd quarter valued at about $38,000. MetLife Investment Management LLC increased its holdings in shares of Sezzle by 129.2% in the third quarter. MetLife Investment Management LLC now owns 1,446 shares of the company’s stock valued at $247,000 after purchasing an additional 815 shares during the last quarter. SG Americas Securities LLC purchased a new position in Sezzle during the third quarter worth approximately $165,000. OmniStar Financial Group Inc. purchased a new stake in Sezzle in the 3rd quarter valued at $354,000. Finally, Creative Planning purchased a new position in shares of Sezzle during the 3rd quarter worth $383,000. 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.