Insider Selling: Sezzle Inc. (NASDAQ:SEZL) COO Sells 18,000 Shares of Stock

Sezzle Inc. (NASDAQ:SEZL - Get Free Report) COO Amin Sabzivand sold 18,000 shares of the firm's stock in a transaction 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 sale, the chief operating officer now directly 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 document filed with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, June 12th, Amin Sabzivand sold 1,528 shares of Sezzle stock. The shares were 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 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 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 transaction of $736,740.00.

Sezzle Price Performance

Shares of NASDAQ SEZL traded up $9.37 during midday trading on Thursday, reaching $164.16. The company's stock had a trading volume of 736,161 shares, compared to its average volume of 830,585. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.62 and a current ratio of 2.62. The company has a market cap of $5.46 billion, a P/E ratio of 55.46 and a beta of 9.06. The business's 50 day moving average price is $96.76 and its two-hundred day moving average price is $61.13. Sezzle Inc. has a fifty-two week low of $11.67 and a fifty-two week high of $165.29.

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

Institutional Trading of Sezzle

A number of institutional investors have recently modified their holdings of SEZL. Plato Investment Management Ltd bought a new position in Sezzle in the 4th quarter valued at about $30,000. Meeder Asset Management Inc. bought a new stake in shares of Sezzle during the 4th quarter worth approximately $31,000. CWM LLC boosted its position in shares of Sezzle by 49,400.0% during the 1st quarter. CWM LLC now owns 990 shares of the company's stock worth $35,000 after acquiring an additional 988 shares in the last quarter. Federated Hermes Inc. increased its stake in Sezzle by 3,575.0% in the fourth quarter. Federated Hermes Inc. now owns 147 shares of the company's stock valued at $38,000 after acquiring an additional 143 shares during the last quarter. Finally, US Bancorp DE increased its stake in Sezzle by 465.6% in the first quarter. US Bancorp DE now owns 1,578 shares of the company's stock valued at $55,000 after acquiring an additional 1,299 shares during the last quarter. 2.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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