Sezzle Inc. (NASDAQ:SEZL) Director Paul Paradis Sells 3,000 Shares

Sezzle Inc. (NASDAQ:SEZL - Get Free Report) Director Paul Paradis sold 3,000 shares of the 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 owns 266,000 shares in the company, valued at approximately $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 the SEC website.

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

• On Tuesday, June 17th, Paul Paradis sold 3,000 shares of Sezzle stock. The stock was 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 shares were 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 transaction of $2,642,892.00.
• On Tuesday, May 13th, Paul Paradis sold 50,000 shares of Sezzle stock. The shares were sold at an average price of $90.53, for a total transaction 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 transaction of $1,350,000.00.

Sezzle Stock Up 6.1%

Shares of NASDAQ:SEZL traded up $9.37 during trading on Thursday, hitting $164.16. 736,161 shares of the company were exchanged, compared to its average volume of 830,585. The stock has a market capitalization of $5.46 billion, a P/E ratio of 55.46 and a beta of 9.06. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.62 and a quick ratio of 2.62. Sezzle Inc. has a 12-month low of $11.67 and a 12-month high of $165.29. The firm's 50 day moving average price is $96.76 and its 200-day moving average price is $61.13.

Sezzle announced that its Board of Directors has approved a stock buyback 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 often a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

SEZL has been the topic of a number of analyst reports. Oppenheimer initiated coverage on shares of Sezzle in a report on Thursday, June 12th. They issued an "outperform" rating and a $168.00 price objective on the stock. B. Riley restated a "buy" rating and issued a $62.83 price target (up from $62.00) on shares of Sezzle in a research note on Wednesday, February 26th. Finally, Wall Street Zen cut Sezzle from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Sezzle presently has an average rating of "Buy" and an average price target of $96.94.

Institutional Investors Weigh In On Sezzle

A number of institutional investors and hedge funds have recently bought and sold shares of SEZL. Rhumbline Advisers increased its position in shares of Sezzle by 1.8% during the fourth quarter. Rhumbline Advisers now owns 2,556 shares of the company's stock worth $654,000 after purchasing an additional 45 shares in the last quarter. Principal Securities Inc. purchased a new position in Sezzle during the 4th quarter worth approximately $84,000. Principal Financial Group Inc. increased its position in Sezzle by 11.6% during the fourth quarter. Principal Financial Group Inc. now owns 3,588 shares of the company's stock worth $918,000 after buying an additional 373 shares during the period. Bank of New York Mellon Corp lifted 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 valued at $1,613,000 after buying an additional 1,378 shares during the last quarter. Finally, Plato Investment Management Ltd purchased a new stake in Sezzle in the fourth quarter valued at approximately $30,000. 2.02% of the stock is owned by hedge funds and other 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.

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