Insider Selling: Sezzle Inc. (NASDAQ:SEZL) COO Sells 1,684 Shares of Stock

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

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 transaction 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 transaction 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 transaction 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 Up 6.2%

SEZL stock traded up $8.11 during trading on Thursday, reaching $139.31. The stock had a trading volume of 791,528 shares, compared to its average volume of 815,017. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54. The firm has a fifty day moving average price of $74.97 and a 200 day moving average price of $55.70. The company has a market capitalization of $4.64 billion, a P/E ratio of 14.82 and a beta of 9.06. Sezzle Inc. has a 1-year low of $11.50 and a 1-year high of $141.85.

Sezzle declared that its Board of Directors has approved a share repurchase plan on Monday, March 10th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its stock is undervalued.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Sezzle

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