Karen Hartje Sells 311,196 Shares of Sezzle Inc. (NASDAQ:SEZL) Stock

Sezzle Inc. (NASDAQ:SEZL - Get Free Report) CFO Karen Hartje sold 311,196 shares of the firm's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $71.83, for a total value of $22,353,208.68. Following the completion of the sale, the chief financial officer now directly owns 154,266 shares of the company's stock, valued at approximately $11,080,926.78. This trade represents a 66.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Sezzle Price Performance

Sezzle stock traded up $0.97 during midday trading on Thursday, reaching $91.98. 502,900 shares of the company were exchanged, compared to its average volume of 769,182. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 9.79 and a beta of 8.41. The firm's 50-day simple moving average is $45.46 and its 200-day simple moving average is $47.85. Sezzle Inc. has a 1 year low of $10.69 and a 1 year high of $93.49. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.40 and a current ratio of 2.40.

Sezzle (NASDAQ:SEZL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.22. The firm had revenue of $271.13 billion during the quarter, compared to analysts' expectations of $73.90 million. Sezzle had a return on equity of 101.18% and a net margin of 25.29%. On average, analysts anticipate that Sezzle Inc. will post 9.77 EPS for the current year.

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

Analyst Ratings Changes

Separately, B. Riley reiterated a "buy" rating and issued a $62.83 price objective (up from $62.00) on shares of Sezzle in a research report on Wednesday, February 26th.

Institutional Trading of Sezzle

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SEZL. Plato Investment Management Ltd purchased a new stake in Sezzle during the 4th quarter worth about $30,000. Meeder Asset Management Inc. purchased a new position in shares of Sezzle during the 4th quarter worth about $31,000. CWM LLC lifted its holdings 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 during the period. Federated Hermes Inc. lifted its holdings in shares of Sezzle by 3,575.0% during the 4th quarter. Federated Hermes Inc. now owns 147 shares of the company's stock worth $38,000 after acquiring an additional 143 shares during the period. Finally, US Bancorp DE lifted its holdings in shares of Sezzle by 465.6% during the 1st quarter. US Bancorp DE now owns 1,578 shares of the company's stock worth $55,000 after acquiring an additional 1,299 shares during the period. Hedge funds and other institutional investors own 2.02% of the company's stock.

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.