Sezzle Inc. (NASDAQ:SEZL) COO Amin Sabzivand Sells 1,684 Shares

Sezzle Inc. (NASDAQ:SEZL - Get Free Report) COO Amin Sabzivand sold 1,684 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $124.67, for a total value of $209,944.28. Following the transaction, the chief operating officer now directly owns 244,074 shares in the company, valued at approximately $30,428,705.58. The trade was a 0.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• 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 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 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 shares were sold at an average price of $81.86, for a total value of $736,740.00.

Sezzle Stock Performance

NASDAQ:SEZL traded down $6.56 during mid-day trading on Friday, reaching $133.54. 1,389,907 shares of the stock were exchanged, compared to its average volume of 820,645. The company has a 50 day simple moving average of $77.16 and a 200-day simple moving average of $56.13. The stock has a market capitalization of $4.45 billion, a P/E ratio of 14.21 and a beta of 9.06. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54. Sezzle Inc. has a 1 year low of $11.67 and a 1 year high of $141.83.

Sezzle declared that its board has initiated a share repurchase program on Monday, March 10th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the company to buy up to 4.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

SEZL has been the topic of a number of recent analyst reports. Oppenheimer initiated coverage on Sezzle in a report on Thursday. They issued an "outperform" rating and a $168.00 price objective on the stock. Wall Street Zen downgraded Sezzle from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, B. Riley reiterated a "buy" rating and issued a $62.83 price objective (up previously from $62.00) on shares of Sezzle in a report on Wednesday, February 26th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Sezzle presently has a consensus rating of "Buy" and an average price target of $96.94.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Sezzle by 497.6% during the 1st quarter. Vanguard Group Inc. now owns 1,013,698 shares of the company's stock worth $35,368,000 after acquiring an additional 844,084 shares during the period. Driehaus Capital Management LLC lifted its holdings in shares of Sezzle by 497.8% in the 1st quarter. Driehaus Capital Management LLC now owns 327,276 shares of the company's stock valued at $11,419,000 after buying an additional 272,530 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Sezzle by 719.1% in 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. lifted its holdings in shares of Sezzle by 1,068.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 169,487 shares of the company's stock valued at $5,913,000 after buying an additional 154,978 shares during the period. Finally, Royal Bank of Canada lifted its holdings in shares of Sezzle by 429.0% in the 1st quarter. Royal Bank of Canada now owns 132,361 shares of the company's stock valued at $4,618,000 after buying an additional 107,340 shares during the period. Hedge funds and other 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.