Insider Selling: Sezzle Inc. (NASDAQ:SEZL) COO Sells 6,028 Shares of Stock

Sezzle Inc. (NASDAQ:SEZL - Get Free Report) COO Amin Sabzivand sold 6,028 shares of the business's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $164.23, for a total transaction of $989,978.44. Following the transaction, the chief operating officer owned 243,303 shares of the company's stock, valued at $39,957,651.69. This trade represents a 2.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, June 26th, Amin Sabzivand sold 8,803 shares of Sezzle stock. The stock was sold at an average price of $163.98, for a total value of $1,443,515.94.
• On Wednesday, June 25th, Amin Sabzivand sold 3,169 shares of Sezzle stock. The shares were sold at an average price of $163.75, for a total value of $518,923.75.
• On Tuesday, June 24th, Amin Sabzivand sold 18,000 shares of Sezzle stock. The stock was sold at an average price of $157.31, for a total transaction of $2,831,580.00.
• 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 transaction 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 transaction 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 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 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 value of $736,740.00.

Sezzle Trading Up 4.3%

Shares of NASDAQ:SEZL traded up $7.18 on Wednesday, reaching $174.76. 211,634 shares of the company traded hands, compared to its average volume of 1,015,240. The stock has a market capitalization of $5.82 billion, a P/E ratio of 59.04 and a beta of 9.17. The business's 50-day simple moving average is $106.90 and its 200 day simple moving average is $64.39. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.56. Sezzle Inc. has a 52 week low of $11.67 and a 52 week high of $181.94.

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

Wall Street Analyst Weigh In

SEZL has been the topic of a number of research reports. Oppenheimer raised their price objective on Sezzle from $168.00 to $202.00 and gave the company an "outperform" rating in a report on Wednesday. Wall Street Zen cut shares of Sezzle from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $108.28.

Hedge Funds Weigh In On Sezzle

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

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.