Sezzle (NASDAQ:SEZL) Shares Down 5.2% - Here's What Happened

Sezzle Inc. (NASDAQ:SEZL - Get Free Report) shares dropped 5.2% during mid-day trading on Tuesday . The stock traded as low as $170.46 and last traded at $172.09. Approximately 335,172 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 828,685 shares. The stock had previously closed at $181.50.

Analysts Set New Price Targets

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

Sezzle Price Performance

The company has a market cap of $4.47 billion, a P/E ratio of 45.65 and a beta of 9.16. The company has a fifty day moving average price of $123.92 and a two-hundred day moving average price of $70.28. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.62 and a current ratio of 2.62.

Insider Activity

In related news, Director Paul Paradis sold 50,000 shares of Sezzle stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $90.53, for a total transaction of $4,526,500.00. Following the completion of the transaction, the director owned 528,382 shares in the company, valued at approximately $47,834,422.46. This trade represents a 8.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Amin Sabzivand sold 18,000 shares of Sezzle stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $157.31, for a total value of $2,831,580.00. Following the transaction, the chief operating officer owned 243,303 shares of the company's stock, valued at $38,273,994.93. The trade was a 6.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 498,092 shares of company stock worth $43,127,736 in the last quarter. Corporate insiders own 49.49% of the company's stock.

Hedge Funds Weigh In On Sezzle

A number of hedge funds and other institutional investors have recently bought and sold shares of SEZL. Vanguard Group Inc. grew its holdings in Sezzle by 497.6% during the first quarter. Vanguard Group Inc. now owns 1,013,698 shares of the company's stock worth $35,368,000 after purchasing an additional 844,084 shares during the period. Driehaus Capital Management LLC grew its holdings in Sezzle by 497.8% during the first quarter. Driehaus Capital Management LLC now owns 327,276 shares of the company's stock worth $11,419,000 after purchasing an additional 272,530 shares during the period. Goldman Sachs Group Inc. grew its holdings in Sezzle by 1,068.2% during the first quarter. Goldman Sachs Group Inc. now owns 169,487 shares of the company's stock worth $5,913,000 after purchasing an additional 154,978 shares during the period. Acadian Asset Management LLC grew its holdings in Sezzle by 719.1% during the first quarter. Acadian Asset Management LLC now owns 173,310 shares of the company's stock worth $6,040,000 after purchasing an additional 152,152 shares during the period. Finally, T. Rowe Price Investment Management Inc. bought a new position in Sezzle during the first quarter worth about $4,011,000. 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.