Amin Sabzivand Sells 1,528 Shares of Sezzle Inc. (NASDAQ:SEZL) Stock

Sezzle Inc. (NASDAQ:SEZL - Get Free Report) COO Amin Sabzivand sold 1,528 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $141.55, for a total transaction of $216,288.40. Following the completion of the transaction, the chief operating officer now directly owns 244,074 shares of the company's stock, valued at approximately $34,548,674.70. This represents a 0.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, June 6th, Amin Sabzivand sold 1,684 shares of Sezzle stock. The stock was sold at an average price of $124.67, for a total transaction of $209,944.28.
• On Tuesday, May 27th, Amin Sabzivand sold 9,854 shares of Sezzle stock. The stock was sold at an average price of $107.73, for a total transaction of $1,061,571.42.
• On Friday, May 23rd, Amin Sabzivand sold 2,146 shares of Sezzle stock. The shares were sold at an average price of $106.79, for a total value of $229,171.34.
• On Tuesday, May 13th, Amin Sabzivand sold 9,000 shares of Sezzle stock. The stock was sold at an average price of $90.35, for a total value of $813,150.00.
• On Friday, May 9th, Amin Sabzivand sold 9,000 shares of Sezzle stock. The shares were sold at an average price of $81.86, for a total value of $736,740.00.

Sezzle Trading Up 9.7%

Shares of SEZL traded up $12.89 during trading hours on Monday, hitting $146.43. The company had a trading volume of 1,079,121 shares, compared to its average volume of 823,332. Sezzle Inc. has a 52-week low of $11.67 and a 52-week high of $147.75. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54. The stock's 50 day moving average price is $79.22 and its 200 day moving average price is $56.38. The firm has a market cap of $4.87 billion, a P/E ratio of 15.58 and a beta of 9.06.

Sezzle declared that its Board of Directors has approved a share buyback program on Monday, March 10th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 4.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SEZL. Wall Street Zen downgraded Sezzle from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Oppenheimer began coverage on shares of Sezzle in a research note on Thursday. They set an "outperform" rating and a $168.00 price target on the stock. Finally, B. Riley restated a "buy" rating and issued a $62.83 price objective (up from $62.00) on shares of Sezzle in a report on Wednesday, February 26th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Sezzle has a consensus rating of "Buy" and an average target price of $96.94.

Institutional Trading of Sezzle

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers grew its holdings in shares of Sezzle by 649.1% in the first quarter. Rhumbline Advisers now owns 19,146 shares of the company's stock worth $668,000 after purchasing an additional 16,590 shares during the last quarter. Strs Ohio bought a new stake in Sezzle during the 1st quarter valued at $84,000. Acadian Asset Management LLC boosted its position in Sezzle by 719.1% during the 1st quarter. Acadian Asset Management LLC now owns 173,310 shares of the company's stock valued at $6,040,000 after buying an additional 152,152 shares during the period. Goldman Sachs Group Inc. grew its holdings in Sezzle by 1,068.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 169,487 shares of the company's stock worth $5,913,000 after acquiring an additional 154,978 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of Sezzle by 321.7% in the first quarter. Millennium Management LLC now owns 115,525 shares of the company's stock valued at $4,031,000 after acquiring an additional 88,127 shares during the period. 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.

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