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 company's stock in a transaction 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 sale, the chief operating officer now owns 244,074 shares of the company's stock, valued at $34,548,674.70. This represents a 0.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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 value of $209,944.28.
• On Tuesday, May 27th, Amin Sabzivand sold 9,854 shares of Sezzle stock. The shares were sold at an average price of $107.73, for a total value of $1,061,571.42.
• On Friday, May 23rd, Amin Sabzivand sold 2,146 shares of Sezzle stock. The stock was 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 shares were 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 stock was sold at an average price of $81.86, for a total transaction of $736,740.00.

Sezzle Stock Performance

NASDAQ SEZL traded down $0.84 during midday trading on Thursday, hitting $143.03. The company had a trading volume of 792,122 shares, compared to its average volume of 827,403. The firm has a fifty day simple moving average of $85.75 and a two-hundred day simple moving average of $58.11. Sezzle Inc. has a fifty-two week low of $11.67 and a fifty-two week high of $152.10. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.56. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 48.32 and a beta of 9.06.

Sezzle announced that its board has initiated a share repurchase plan on Monday, March 10th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 4.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its stock is undervalued.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SEZL. Rhumbline Advisers lifted its holdings in shares of Sezzle by 649.1% during the 1st quarter. Rhumbline Advisers now owns 19,146 shares of the company's stock worth $668,000 after acquiring an additional 16,590 shares during the period. Strs Ohio bought a new position in Sezzle during the first quarter worth about $84,000. Acadian Asset Management LLC boosted its holdings in Sezzle by 719.1% during the first quarter. Acadian Asset Management LLC now owns 173,310 shares of the company's stock valued at $6,040,000 after purchasing an additional 152,152 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Sezzle by 1,068.2% during the first quarter. Goldman Sachs Group Inc. now owns 169,487 shares of the company's stock valued at $5,913,000 after purchasing an additional 154,978 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of Sezzle by 321.7% in the 1st quarter. Millennium Management LLC now owns 115,525 shares of the company's stock valued at $4,031,000 after purchasing an additional 88,127 shares during the period. 2.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Oppenheimer initiated coverage on shares of Sezzle in a research report on Thursday, June 12th. They set an "outperform" rating and a $168.00 target price for the company. B. Riley reissued a "buy" rating and set a $62.83 price objective (up previously from $62.00) on shares of Sezzle in a research report on Wednesday, February 26th. Finally, Wall Street Zen lowered Sezzle from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $96.94.

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.