Sezzle (NASDAQ:SEZL) Stock Price Down 5.5% After Insider Selling

Sezzle Inc. (NASDAQ:SEZL)’s stock price dropped 5.5% on Monday after an insider sold shares in the company. The company traded as low as $204.92 and last traded at $213.11. Approximately 45,534 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 84,067 shares. The stock had previously closed at $225.42.

Specifically, COO Amin Sabzivand sold 1,500 shares of Sezzle stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $205.57, for a total transaction of $308,355.00. Following the completion of the transaction, the chief operating officer now owns 46,860 shares of the company’s stock, valued at $9,633,010.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Amin Sabzivand sold 1,500 shares of the stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $187.00, for a total value of $280,500.00. Following the sale, the chief operating officer now owns 48,360 shares of the company’s stock, valued at approximately $9,043,320. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SEZL. Northland Securities reissued an “outperform” rating and issued a $185.00 price objective (up from $150.00) on shares of Sezzle in a research note on Monday, September 23rd. B. Riley boosted their price target on Sezzle from $132.00 to $163.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Finally, Northland Capmk raised shares of Sezzle to a “strong-buy” rating in a research report on Tuesday, July 9th.

Sezzle Stock Down 5.5 %

The company has a market cap of $1.21 billion, a P/E ratio of 90.46 and a beta of 8.93. The stock’s 50-day moving average price is $151.53 and its 200-day moving average price is $102.25. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 1.37.

Sezzle (NASDAQ:SEZL) last issued its earnings results on Wednesday, August 7th. The company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $1.33. Sezzle had a return on equity of 84.38% and a net margin of 21.77%. The company had revenue of $55.97 million for the quarter, compared to analyst estimates of $43.35 million. As a group, research analysts forecast that Sezzle Inc. will post 6.71 EPS for the current year.

Institutional Trading of Sezzle

Several institutional investors and hedge funds have recently made changes to their positions in SEZL. Vanguard Group Inc. bought a new position in shares of Sezzle in the first quarter valued at approximately $13,369,000. Bank of New York Mellon Corp bought a new position in Sezzle in the 2nd quarter valued at $611,000. XTX Topco Ltd purchased a new stake in shares of Sezzle during the 2nd quarter valued at $544,000. Divisadero Street Capital Management LP bought a new stake in shares of Sezzle during the 2nd quarter worth $356,000. Finally, Rhumbline Advisers bought a new stake in shares of Sezzle during the 2nd quarter worth $203,000. 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.