Sezzle (NASDAQ:SEZL) Stock Price Down 6.8% – Here’s What Happened

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SEZL shares. Northland Securities upped their target price on Sezzle from $185.00 to $300.00 and gave the company an “outperform” rating in a 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 report on Friday, August 23rd.

Sezzle Trading Down 3.2 %

The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54. The company has a market cap of $2.33 billion, a PE ratio of 44.14 and a beta of 8.49. The stock has a 50 day moving average price of $252.71 and a 200 day moving average price of $151.72.

Insider Buying and Selling

In related news, Director Paul Martin Purcell sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $134.22, for a total value of $1,342,200.00. Following the transaction, the director now directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Amin Sabzivand sold 1,500 shares of Sezzle stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $147.10, for a total value of $220,650.00. Following the completion of the sale, the chief operating officer now directly owns 51,748 shares of the company’s stock, valued at approximately $7,612,130.80. The trade was a 2.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 87,690 shares of company stock worth $15,139,092 in the last three months. 57.65% of the stock is owned by corporate insiders.

Institutional Trading of Sezzle

Institutional investors have recently made changes to their positions in the stock. Covestor Ltd purchased a new stake in Sezzle in the third quarter worth approximately $38,000. SG Americas Securities LLC purchased a new position in shares of Sezzle in the 3rd quarter worth $165,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Sezzle in the 3rd quarter worth $188,000. Rhumbline Advisers bought a new stake in shares of Sezzle in the second quarter worth $203,000. Finally, MetLife Investment Management LLC increased its position in Sezzle by 129.2% during the third 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.