Sezzle (NASDAQ:SEZL) Shares Down 6.8% – Time to Sell?

Sezzle Inc. (NASDAQ:SEZL) shares traded down 6.8% during trading on Tuesday . The company traded as low as $425.30 and last traded at $432.56. 68,766 shares changed hands during mid-day trading, a decline of 23% from the average session volume of 89,525 shares. The stock had previously closed at $464.00.

Analysts Set New Price Targets

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

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 market cap of $2.33 billion, a P/E ratio of 44.14 and a beta of 8.49. The firm’s fifty day moving average is $252.71 and its two-hundred day moving average is $151.72.

Insider Transactions at Sezzle

In other news, SVP Justin Krause sold 1,500 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $158.00, for a total value of $237,000.00. Following the transaction, the senior vice president now owns 16,533 shares of the company’s stock, valued at approximately $2,612,214. The trade was a 8.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul Martin Purcell sold 10,000 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $134.22, for a total transaction of $1,342,200.00. Following the transaction, the director now owns 183,858 shares of the company’s stock, valued at approximately $24,677,420.76. This represents a 5.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 87,690 shares of company stock valued at $15,139,092 over the last 90 days. Company insiders own 57.65% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SEZL. Covestor Ltd purchased a new stake in shares of Sezzle in the third quarter worth about $38,000. SG Americas Securities LLC bought a new stake in Sezzle in the 3rd quarter worth approximately $165,000. Wilmington Savings Fund Society FSB bought a new stake in Sezzle in the 3rd quarter worth approximately $188,000. Rhumbline Advisers purchased a new stake in shares of Sezzle during the 2nd quarter worth approximately $203,000. Finally, MetLife Investment Management LLC boosted its position 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 valued at $247,000 after acquiring an additional 815 shares during the last quarter. 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.