Sezzle (NASDAQ:SEZL) Shares Down 1.4% After Insider Selling

Sezzle Inc. (NASDAQ:SEZL - Get Free Report) was down 1.4% during mid-day trading on Wednesday following insider selling activity. The company traded as low as $160.08 and last traded at $161.91. Approximately 358,599 shares changed hands during trading, a decline of 57% from the average daily volume of 832,681 shares. The stock had previously closed at $164.13.

Specifically, CFO Karen Hartje sold 5,484 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $168.02, for a total value of $921,421.68. Following the completion of the sale, the chief financial officer owned 126,846 shares of the company's stock, valued at approximately $21,312,664.92. This trade represents a 4.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul Paradis sold 3,000 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $176.08, for a total transaction of $528,240.00. Following the sale, the director owned 263,000 shares of the company's stock, valued at approximately $46,309,040. The trade was a 1.13% decrease in their ownership of the stock. The disclosure for this sale can be found here.

Analysts Set New Price Targets

Several analysts have recently weighed in on SEZL shares. 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 note on Wednesday, July 2nd. Wall Street Zen cut Sezzle from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $108.28.

Sezzle Price Performance

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 cap of $5.53 billion, a price-to-earnings ratio of 56.11 and a beta of 9.16. The stock's 50-day simple moving average is $119.71 and its 200 day simple moving average is $68.89.

Institutional Investors Weigh In On Sezzle

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its position 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 period. Charles Schwab Investment Management Inc. raised its holdings in shares of Sezzle by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,697 shares of the company's stock valued at $5,294,000 after buying an additional 334 shares during the period. Arizona State Retirement System acquired a new position in Sezzle during the 4th quarter worth about $207,000. Independent Advisor Alliance purchased a new position in Sezzle during the 4th quarter valued at about $1,872,000. Finally, Prosperity Wealth Management Inc. acquired a new position in Sezzle in the 4th quarter valued at about $290,000. 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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