Sezzle Inc. (NASDAQ:SEZL) COO Amin Sabzivand Sells 18,000 Shares

Sezzle Inc. (NASDAQ:SEZL - Get Free Report) COO Amin Sabzivand sold 18,000 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $157.31, for a total value of $2,831,580.00. Following the completion of the transaction, the chief operating officer now owns 243,303 shares in the company, valued at $38,273,994.93. The trade was a 6.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, June 25th, Amin Sabzivand sold 3,169 shares of Sezzle stock. The stock was sold at an average price of $163.75, for a total value of $518,923.75.
• On Thursday, June 12th, Amin Sabzivand sold 1,528 shares of Sezzle stock. The stock was sold at an average price of $141.55, for a total value of $216,288.40.
• 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 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

SEZL stock traded up $1.24 during midday trading on Friday, reaching $165.40. 1,109,015 shares of the company's stock traded hands, compared to its average volume of 825,324. The company has a 50-day moving average price of $101.56 and a two-hundred day moving average price of $62.78. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.62 and a current ratio of 2.62. Sezzle Inc. has a 52 week low of $11.67 and a 52 week high of $170.93. The firm has a market capitalization of $5.51 billion, a PE ratio of 55.88 and a beta of 9.06.

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

Analysts Set New Price Targets

Several research firms recently commented on SEZL. Wall Street Zen downgraded Sezzle from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Oppenheimer began coverage on Sezzle in a research note on Thursday, June 12th. They issued an "outperform" rating and a $168.00 price objective on the stock. 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, the stock currently has an average rating of "Buy" and a consensus target price of $96.94.

Institutional Investors Weigh In On Sezzle

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its holdings in shares of Sezzle by 28.0% in the fourth quarter. Bank of New York Mellon Corp now owns 6,304 shares of the company's stock worth $1,613,000 after purchasing an additional 1,378 shares during the period. The Manufacturers Life Insurance Company bought a new position in shares of Sezzle in the fourth quarter worth $311,000. Rhumbline Advisers increased 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 period. Swiss National Bank bought a new position in shares of Sezzle in the fourth quarter worth $1,407,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Sezzle by 16.8% in the fourth quarter. JPMorgan Chase & Co. now owns 4,647 shares of the company's stock worth $1,189,000 after purchasing an additional 668 shares during the period. 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.