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

Sezzle Inc. (NASDAQ:SEZL - Get Free Report) COO Amin Sabzivand sold 3,169 shares of the stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $163.75, for a total transaction of $518,923.75. Following the completion of the transaction, the chief operating officer directly owned 243,303 shares of the company's stock, valued at $39,840,866.25. This trade represents a 1.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 shares were sold at an average price of $163.98, for a total value of $1,443,515.94.
• On Tuesday, June 24th, Amin Sabzivand sold 18,000 shares of Sezzle stock. The shares were 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 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 shares were 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 stock was 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 shares were 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 stock was 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 Trading Up 8.4%

Shares of SEZL stock traded up $13.85 during trading hours on Monday, hitting $179.25. 1,206,093 shares of the company were exchanged, compared to its average volume of 826,852. The company has a 50 day simple moving average of $101.56 and a two-hundred day simple moving average of $62.78. The firm has a market cap of $5.97 billion, a P/E ratio of 60.56 and a beta of 9.06. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.62 and a current ratio of 2.62. Sezzle Inc. has a fifty-two week low of $11.67 and a fifty-two week high of $181.53.

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

Wall Street Analysts Forecast Growth

SEZL has been the subject of a number of analyst reports. Oppenheimer assumed coverage on shares of Sezzle in a research note on Thursday, June 12th. They set an "outperform" rating and a $168.00 target price for the company. Wall Street Zen lowered Sezzle from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $96.94.

Institutional Investors Weigh In On Sezzle

Several hedge funds and other institutional investors have recently bought and sold shares of SEZL. Vanguard Group Inc. boosted its position in shares of Sezzle by 497.6% during the 1st quarter. Vanguard Group Inc. now owns 1,013,698 shares of the company's stock worth $35,368,000 after purchasing an additional 844,084 shares in the last quarter. Driehaus Capital Management LLC raised its stake in Sezzle by 497.8% during the 1st quarter. Driehaus Capital Management LLC now owns 327,276 shares of the company's stock worth $11,419,000 after buying an additional 272,530 shares during the period. Acadian Asset Management LLC boosted its holdings 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 acquiring an additional 152,152 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Sezzle by 1,068.2% in the first quarter. Goldman Sachs Group Inc. now owns 169,487 shares of the company's stock valued at $5,913,000 after acquiring an additional 154,978 shares during the period. Finally, Royal Bank of Canada increased its holdings in shares of Sezzle by 429.0% during the first quarter. Royal Bank of Canada now owns 132,361 shares of the company's stock valued at $4,618,000 after acquiring an additional 107,340 shares in the last quarter. 2.02% of the stock is 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.