Sezzle Inc. (NASDAQ:SEZL) COO Amin Sabzivand Sells 3,169 Shares

Sezzle Inc. (NASDAQ:SEZL - Get Free Report) COO Amin Sabzivand sold 3,169 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $163.75, for a total transaction of $518,923.75. Following the transaction, the chief operating officer now owns 243,303 shares in the company, valued at approximately $39,840,866.25. This trade represents a 1.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• 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 value of $2,831,580.00.
• 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 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 value 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 transaction 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 transaction of $736,740.00.

Sezzle Stock Up 0.8%

Shares of Sezzle stock traded up $1.24 on Friday, hitting $165.40. 1,107,900 shares of the company's stock traded hands, compared to its average volume of 832,093. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.56. The firm's 50-day moving average is $99.15 and its 200 day moving average is $61.88. The stock has a market cap of $5.51 billion, a P/E ratio of 55.88 and a beta of 9.06. Sezzle Inc. has a 52-week low of $11.67 and a 52-week high of $171.03.

Sezzle declared that its Board of Directors has authorized a stock buyback program 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 shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

SEZL has been the topic of several recent analyst reports. Oppenheimer started coverage on shares of Sezzle in a research note on Thursday, June 12th. They set an "outperform" rating and a $168.00 price objective on the stock. Wall Street Zen lowered Sezzle from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $96.94.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its stake in 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 in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Sezzle in the 4th quarter valued at approximately $311,000. Rhumbline Advisers increased its holdings in shares of Sezzle by 649.1% in the 1st quarter. Rhumbline Advisers now owns 19,146 shares of the company's stock valued at $668,000 after acquiring an additional 16,590 shares during the last quarter. Swiss National Bank acquired a new stake in shares of Sezzle during the 4th quarter valued at approximately $1,407,000. Finally, JPMorgan Chase & Co. lifted its stake in Sezzle by 16.8% during 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 last quarter. 2.02% of the stock is owned by institutional investors and hedge funds.

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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