Paul Paradis Sells 3,000 Shares of Sezzle Inc. (NASDAQ:SEZL) 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 company's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $147.19, for a total value of $441,570.00. Following the sale, the director owned 251,000 shares in the company, valued at approximately $36,944,690. This trade represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, July 22nd, Paul Paradis sold 3,000 shares of Sezzle stock. The shares were sold at an average price of $135.34, for a total value of $406,020.00.
• On Tuesday, July 8th, Paul Paradis sold 3,000 shares of Sezzle stock. The shares were sold at an average price of $182.03, for a total value of $546,090.00.
• On Tuesday, July 1st, Paul Paradis sold 3,000 shares of Sezzle stock. The shares were sold at an average price of $176.08, for a total value of $528,240.00.
• On Tuesday, June 24th, Paul Paradis sold 3,000 shares of Sezzle stock. The shares were sold at an average price of $148.62, for a total value of $445,860.00.
• 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 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 Trading Up 5.8%

NASDAQ:SEZL traded up $8.31 during midday trading on Monday, hitting $152.31. The stock had a trading volume of 226,591 shares, compared to its average volume of 1,006,032. Sezzle Inc. has a one year low of $11.82 and a one year high of $186.74. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 51.35 and a beta of 9.10. The stock has a 50-day moving average of $142.53 and a 200 day moving average of $81.76. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.56.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp grew its stake in Sezzle by 518.0% in the first quarter. Bank of New York Mellon Corp now owns 38,960 shares of the company's stock worth $1,359,000 after purchasing an additional 32,656 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Sezzle in the 4th quarter valued at about $311,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Sezzle in the 1st quarter valued at about $747,000. Rhumbline Advisers raised its holdings in shares of Sezzle by 649.1% in the 1st quarter. Rhumbline Advisers now owns 19,146 shares of the company's stock valued at $668,000 after purchasing an additional 16,590 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in shares of Sezzle by 4,731.8% in the 1st quarter. Teacher Retirement System of Texas now owns 39,186 shares of the company's stock valued at $1,367,000 after purchasing an additional 38,375 shares in the last quarter. Institutional investors own 2.02% of the company's stock.

Wall Street Analysts Forecast Growth

SEZL has been the topic of a number of analyst reports. Oppenheimer upped their target price on Sezzle from $168.00 to $202.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Wall Street Zen cut Sezzle from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd.

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.