Sezzle (NASDAQ:SEZL) Shares Down 5.2% – What’s Next?

Sezzle Inc. (NASDAQ:SEZL)’s stock price was down 5.2% during mid-day trading on Friday . The stock traded as low as $250.35 and last traded at $248.93. Approximately 28,540 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 132,913 shares. The stock had previously closed at $262.51.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SEZL shares. B. Riley reiterated a “buy” rating and issued a $372.00 price objective (up previously from $353.00) on shares of Sezzle in a report on Thursday, December 19th. Northland Securities upped their price target on Sezzle from $300.00 to $360.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th.

Sezzle Trading Down 8.8 %

The company has a market capitalization of $1.34 billion, a P/E ratio of 25.48 and a beta of 9.72. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.40 and a quick ratio of 2.40. The business’s 50-day moving average price is $327.29 and its two-hundred day moving average price is $204.76.

Insiders Place Their Bets

In other Sezzle news, Director Paul Martin Purcell sold 2,401 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $465.72, for a total transaction of $1,118,193.72. Following the sale, the director now directly owns 58,275 shares in the company, valued at approximately $27,139,833. This trade represents a 3.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kyle M. Brehm purchased 106 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was bought at an average cost of $402.00 per share, for a total transaction of $42,612.00. Following the purchase, the director now owns 3,608 shares of the company’s stock, valued at approximately $1,450,416. This represents a 3.03 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 7,707 shares of company stock worth $3,210,207. Corporate insiders own 57.65% of the company’s stock.

Hedge Funds Weigh In On Sezzle

A number of large investors have recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Sezzle by 3.5% in the third quarter. State Street Corp now owns 49,362 shares of the company’s stock valued at $8,421,000 after purchasing an additional 1,683 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Sezzle by 191.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 20,363 shares of the company’s stock worth $3,474,000 after acquiring an additional 13,383 shares in the last quarter. Navellier & Associates Inc. acquired a new position in Sezzle during the third quarter valued at approximately $1,217,000. Bank of New York Mellon Corp bought a new position in Sezzle in the second quarter valued at approximately $611,000. Finally, XTX Topco Ltd bought a new position in Sezzle in the second quarter valued at approximately $544,000. Institutional investors own 2.02% of the company’s stock.

About Sezzle

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.