Amin Sabzivand Sells 9,000 Shares of Sezzle Inc. (NASDAQ:SEZL) Stock

Sezzle Inc. (NASDAQ:SEZL - Get Free Report) COO Amin Sabzivand sold 9,000 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $81.86, for a total value of $736,740.00. Following the completion of the sale, the chief operating officer now directly owns 277,074 shares in the company, valued at approximately $22,681,277.64. The trade was a 3.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Sezzle Trading Up 1.1%

SEZL traded up $0.97 on Thursday, hitting $91.98. 502,900 shares of the company were exchanged, compared to its average volume of 769,182. The firm has a fifty day simple moving average of $45.46 and a two-hundred day simple moving average of $47.85. 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 Inc. has a 12 month low of $10.69 and a 12 month high of $93.49. The stock has a market capitalization of $3.12 billion, a PE ratio of 9.79 and a beta of 8.41.

Sezzle (NASDAQ:SEZL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.22. Sezzle had a return on equity of 101.18% and a net margin of 25.29%. The business had revenue of $271.13 billion for the quarter, compared to analyst estimates of $73.90 million. Sell-side analysts expect that Sezzle Inc. will post 9.77 earnings per share for the current year.

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 purchase up to 4.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

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

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 shares of Sezzle in the 4th quarter worth approximately $30,000. Meeder Asset Management Inc. bought a new stake in shares of Sezzle in the 4th quarter worth approximately $31,000. CWM LLC grew its position in shares of Sezzle by 49,400.0% in the 1st quarter. CWM LLC now owns 990 shares of the company's stock worth $35,000 after buying an additional 988 shares during the last quarter. Federated Hermes Inc. grew its position in shares of Sezzle by 3,575.0% in the 4th quarter. Federated Hermes Inc. now owns 147 shares of the company's stock worth $38,000 after buying an additional 143 shares during the last quarter. Finally, US Bancorp DE grew its position in shares of Sezzle by 465.6% in the 1st quarter. US Bancorp DE now owns 1,578 shares of the company's stock worth $55,000 after buying an additional 1,299 shares during the last quarter. 2.02% of the stock is currently owned by institutional investors.

Sezzle Company Profile

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.