Sezzle Inc. (NASDAQ:SEZL) Director Sells $438,000.00 in Stock

Sezzle Inc. (NASDAQ:SEZL - Get Free Report) Director Paul Paradis sold 3,000 shares of the company's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $146.00, for a total value of $438,000.00. Following the sale, the director now owns 269,000 shares of the company's stock, valued at $39,274,000. This trade represents a 1.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• 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 shares were 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 shares were 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 shares were sold at an average price of $75.00, for a total value of $1,350,000.00.

Sezzle Stock Performance

Shares of SEZL stock traded down $0.84 on Wednesday, hitting $143.03. 792,122 shares of the stock were exchanged, compared to its average volume of 827,403. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $4.76 billion, a PE ratio of 55.76 and a beta of 9.06. Sezzle Inc. has a one year low of $11.67 and a one year high of $152.10. The firm's 50 day moving average is $83.66 and its two-hundred day moving average is $57.52.

Sezzle declared that its board has authorized a stock repurchase program on Monday, March 10th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to reacquire up to 4.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Plato Investment Management Ltd bought a new position in shares of Sezzle during the 4th quarter worth $30,000. Meeder Asset Management Inc. bought a new position in shares of Sezzle during the 4th quarter worth $31,000. Federated Hermes Inc. lifted its holdings in 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 purchasing an additional 143 shares in the last quarter. Principal Securities Inc. purchased a new stake in Sezzle during the 4th quarter worth about $84,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Sezzle by 94.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 407 shares of the company's stock worth $104,000 after purchasing an additional 198 shares in the last quarter. Institutional investors own 2.02% of the company's stock.

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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