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 Sezzle stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $148.62, for a total value of $445,860.00. Following the completion of the sale, the director now directly owns 266,000 shares of the company's stock, valued at $39,532,920. The trade was a 1.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, June 17th, Paul Paradis sold 3,000 shares of Sezzle stock. The shares were 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 value of $324,660.00.
• On Tuesday, May 13th, Paul Paradis sold 29,200 shares of Sezzle stock. The stock was 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 stock was 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 stock was sold at an average price of $75.00, for a total value of $1,350,000.00.

Sezzle Stock Up 0.8%

Shares of NASDAQ:SEZL traded up $1.24 on Friday, hitting $165.40. 1,109,015 shares of the company's stock were exchanged, compared to its average volume of 825,324. The firm's 50-day moving average is $101.56 and its 200 day moving average is $62.78. The company has a market capitalization of $5.51 billion, a PE ratio of 55.88 and a beta of 9.06. Sezzle Inc. has a 1-year low of $11.67 and a 1-year high of $170.93. 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 declared that its board has initiated a stock buyback program on Monday, March 10th that allows the company to buyback $50.00 million in shares. This buyback authorization allows 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 believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms recently commented on SEZL. Oppenheimer began coverage on 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 cut Sezzle from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $96.94.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SEZL. Plato Investment Management Ltd acquired a new position in shares of Sezzle during the 4th quarter worth about $30,000. Meeder Asset Management Inc. acquired a new position in shares of Sezzle during the 4th quarter worth about $31,000. CWM LLC boosted its position 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 in the last quarter. Federated Hermes Inc. boosted its position 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 in the last quarter. Finally, US Bancorp DE boosted its position 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 in the last quarter. 2.02% of the stock is owned by institutional investors and hedge funds.

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.