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 dated Tuesday, June 17th. The stock was sold at an average price of $146.00, for a total transaction of $438,000.00. Following the sale, the director now directly owns 269,000 shares in the company, valued at $39,274,000. This represents a 1.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• 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 transaction 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 stock was 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 2.8%

NASDAQ:SEZL traded up $4.01 during mid-day trading on Friday, hitting $147.04. The stock had a trading volume of 793,857 shares, compared to its average volume of 827,778. The stock has a 50-day simple moving average of $90.06 and a two-hundred day simple moving average of $59.22. The company has a market capitalization of $4.89 billion, a PE ratio of 49.68 and a beta of 9.06. Sezzle Inc. has a twelve month low of $11.67 and a twelve month high of $152.10. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.56.

Sezzle declared that its Board of Directors has approved a stock buyback plan on Monday, March 10th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

SEZL has been the topic of several research reports. Oppenheimer started coverage on shares of Sezzle in a research report on Thursday, June 12th. They set an "outperform" rating and a $168.00 price target on the stock. Wall Street Zen cut shares of Sezzle from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, B. Riley reaffirmed a "buy" rating and issued a $62.83 target price (up previously from $62.00) on shares of Sezzle in a report on Wednesday, February 26th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Sezzle has a consensus rating of "Buy" and an average price target of $96.94.

Hedge Funds Weigh In On Sezzle

Hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased 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 purchasing an additional 1,378 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in Sezzle in the fourth quarter valued at approximately $311,000. Swiss National Bank purchased a new position in Sezzle in the fourth quarter valued at approximately $1,407,000. JPMorgan Chase & Co. increased its stake in Sezzle by 16.8% in the fourth quarter. JPMorgan Chase & Co. now owns 4,647 shares of the company's stock valued at $1,189,000 after purchasing an additional 668 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in Sezzle by 1.8% in the fourth quarter. Rhumbline Advisers now owns 2,556 shares of the company's stock valued at $654,000 after purchasing an additional 45 shares during the last quarter. 2.02% of the stock is currently owned by hedge funds and other 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.