Insider Selling: Sezzle Inc. (NASDAQ:SEZL) Director Sells 3,000 Shares of Stock

Sezzle Inc. (NASDAQ:SEZL - Get Free Report) Director Paul Paradis sold 3,000 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $176.08, for a total transaction of $528,240.00. Following the completion of the transaction, the director directly owned 263,000 shares in the company, valued at approximately $46,309,040. This represents a 1.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Paul Paradis also recently made the following trade(s):

• On Tuesday, June 24th, Paul Paradis sold 3,000 shares of Sezzle stock. The stock was sold at an average price of $148.62, for a total transaction of $445,860.00.
• On Tuesday, June 17th, Paul Paradis sold 3,000 shares of Sezzle stock. The stock was sold at an average price of $146.00, for a total value of $438,000.00.
• On Tuesday, May 27th, Paul Paradis sold 3,000 shares of Sezzle stock. The stock was sold at an average price of $108.22, for a total transaction of $324,660.00.
• On Tuesday, May 13th, Paul Paradis sold 29,200 shares of Sezzle stock. The shares were sold at an average price of $90.51, for a total value of $2,642,892.00.
• On Tuesday, May 13th, Paul Paradis sold 50,000 shares of Sezzle stock. The shares were sold at an average price of $90.53, for a total value of $4,526,500.00.
• On Thursday, May 8th, Paul Paradis sold 18,000 shares of Sezzle stock. The shares were sold at an average price of $75.00, for a total transaction of $1,350,000.00.

Sezzle Stock Performance

Shares of Sezzle stock traded up $8.77 on Thursday, reaching $181.07. The stock had a trading volume of 579,060 shares, compared to its average volume of 829,718. 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 business's 50-day moving average price is $109.49 and its two-hundred day moving average price is $65.14. The stock has a market cap of $6.03 billion, a P/E ratio of 66.78 and a beta of 9.16. Sezzle Inc. has a fifty-two week low of $11.67 and a fifty-two week high of $182.09.

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

Hedge Funds Weigh In On Sezzle

Several institutional investors and hedge funds have recently added to or reduced their stakes in SEZL. Vanguard Group Inc. boosted its stake in Sezzle by 497.6% during the first quarter. Vanguard Group Inc. now owns 1,013,698 shares of the company's stock worth $35,368,000 after buying an additional 844,084 shares in the last quarter. Driehaus Capital Management LLC increased its stake in Sezzle by 497.8% in the first quarter. Driehaus Capital Management LLC now owns 327,276 shares of the company's stock valued at $11,419,000 after acquiring an additional 272,530 shares during the period. Acadian Asset Management LLC raised its position in Sezzle by 719.1% in the first quarter. Acadian Asset Management LLC now owns 173,310 shares of the company's stock worth $6,040,000 after purchasing an additional 152,152 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Sezzle by 1,068.2% during the first quarter. Goldman Sachs Group Inc. now owns 169,487 shares of the company's stock valued at $5,913,000 after purchasing an additional 154,978 shares in the last quarter. Finally, Royal Bank of Canada grew its stake 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 purchasing an additional 107,340 shares during the period. 2.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Wall Street Zen lowered Sezzle from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Oppenheimer raised their target price on shares of Sezzle from $168.00 to $202.00 and gave the stock an "outperform" rating in a report on Wednesday. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $108.28.

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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