Sezzle Inc. (NASDAQ:SEZL) Director Sells $441,570.00 in Stock

Key Points

• Sezzle Inc. Director Paul Paradis sold 3,000 shares of the company's stock for $441,570.00, reducing his ownership by 1.18% and leaving him with 251,000 shares valued at $36.9 million.
• Sezzle's stock price has seen a recent increase of 2.6%, trading at $154.84 with a market capitalization of $5.15 billion.
• Several institutional investors have significantly increased their holdings in Sezzle, including Vanguard Group, which boosted its stake by 497.6% in the first quarter.

Sezzle Inc. (NASDAQ:SEZL - Get Free Report) Director Paul Paradis sold 3,000 shares of the business's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $147.19, for a total transaction of $441,570.00. Following the sale, the director directly owned 251,000 shares of the company's stock, valued at $36,944,690. This represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, July 22nd, Paul Paradis sold 3,000 shares of Sezzle stock. The stock was sold at an average price of $135.34, for a total transaction of $406,020.00.
• On Tuesday, July 8th, Paul Paradis sold 3,000 shares of Sezzle stock. The stock was sold at an average price of $182.03, for a total transaction of $546,090.00.
• On Tuesday, July 1st, Paul Paradis sold 3,000 shares of Sezzle stock. The stock was sold at an average price of $176.08, for a total transaction of $528,240.00.
• On Tuesday, June 24th, Paul Paradis sold 3,000 shares of Sezzle stock. The stock was sold at an average price of $148.62, for a total transaction of $445,860.00.
• 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 transaction 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 transaction 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 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 shares were sold at an average price of $75.00, for a total transaction of $1,350,000.00.

Sezzle Stock Up 2.6%

Shares of SEZL traded up $3.91 during mid-day trading on Thursday, hitting $154.84. 742,966 shares of the company traded hands, compared to its average volume of 1,011,800. Sezzle Inc. has a 1-year low of $11.67 and a 1-year high of $186.74. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $5.15 billion, a PE ratio of 52.31 and a beta of 9.16. The business has a 50 day moving average of $140.69 and a 200 day moving average of $79.69.

Hedge Funds Weigh In On Sezzle

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Sezzle by 497.6% in the 1st quarter. Vanguard Group Inc. now owns 1,013,698 shares of the company's stock worth $35,368,000 after buying an additional 844,084 shares during the period. Driehaus Capital Management LLC lifted its holdings in Sezzle by 497.8% in the 1st quarter. Driehaus Capital Management LLC now owns 327,276 shares of the company's stock valued at $11,419,000 after purchasing an additional 272,530 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Sezzle by 719.1% in the 1st quarter. Acadian Asset Management LLC now owns 173,310 shares of the company's stock valued at $6,040,000 after purchasing an additional 152,152 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Sezzle by 1,068.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 169,487 shares of the company's stock worth $5,913,000 after acquiring an additional 154,978 shares during the period. Finally, Royal Bank of Canada raised its holdings in shares of Sezzle by 429.0% during the 1st quarter. Royal Bank of Canada now owns 132,361 shares of the company's stock worth $4,618,000 after acquiring an additional 107,340 shares during the period. Institutional investors and hedge funds own 2.02% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Oppenheimer increased their price target on shares of Sezzle from $168.00 to $202.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Wall Street Zen downgraded shares of Sezzle from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.