Sezzle Inc. (NASDAQ:SEZL) COO Amin Sabzivand Sells 9,000 Shares of Stock

Sezzle Inc. (NASDAQ:SEZL) COO Amin Sabzivand sold 9,000 shares of Sezzle stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $90.35, for a total transaction of $813,150.00. Following the sale, the chief operating officer now owns 268,074 shares in the company, valued at approximately $24,220,485.90. This trade represents a 3.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Amin Sabzivand also recently made the following trade(s):

• On Friday, May 9th, Amin Sabzivand sold 9,000 shares of Sezzle stock. The stock was sold at an average price of $81.86, for a total transaction of $736,740.00.

Sezzle Stock Down 1.0%

Shares of NASDAQ SEZL opened at $90.10 on Friday. Sezzle Inc. has a 52-week low of $10.69 and a 52-week high of $93.49. 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 business has a fifty day moving average of $46.58 and a two-hundred day moving average of $48.22. The stock has a market cap of $3.06 billion, a PE ratio of 9.59 and a beta of 8.41.

Sezzle (NASDAQ:SEZL) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.22. The firm had revenue of $271.13 billion during the quarter, compared to the consensus estimate of $73.90 million. Sezzle had a net margin of 25.29% and a return on equity of 101.18%. As a group, equities research analysts expect that Sezzle Inc. will post 9.77 earnings per share for the current fiscal year.

Sezzle declared that its board has initiated a share repurchase plan on Monday, March 10th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to reacquire up to 4.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in Sezzle by 28.0% during the 4th quarter. Bank of New York Mellon Corp now owns 6,304 shares of the company’s stock valued at $1,613,000 after purchasing an additional 1,378 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Sezzle by 295.9% during the third quarter. JPMorgan Chase & Co. now owns 3,979 shares of the company’s stock worth $679,000 after purchasing an additional 2,974 shares during the last quarter. Calamos Advisors LLC bought a new stake in shares of Sezzle during the fourth quarter worth $2,423,000. Barclays PLC increased its stake in shares of Sezzle by 125.4% in the third quarter. Barclays PLC now owns 4,515 shares of the company’s stock valued at $771,000 after buying an additional 2,512 shares in the last quarter. Finally, Swiss National Bank bought a new position in shares of Sezzle in the fourth quarter valued at about $1,407,000. Institutional investors own 2.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley reiterated a “buy” rating and issued a $62.83 price objective (up from $62.00) on shares of Sezzle in a research note on Wednesday, February 26th.

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.