Sezzle (NASDAQ:SEZL) Shares Gap Down After Insider Selling

Sezzle Inc. (NASDAQ:SEZL - Get Free Report)'s share price gapped down prior to trading on Tuesday after an insider sold shares in the company. The stock had previously closed at $132.16, but opened at $120.86. Sezzle shares last traded at $117.50, with a volume of 759,917 shares traded.

Specifically, COO Amin Sabzivand sold 1,684 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $124.67, for a total transaction of $209,944.28. Following the completion of the sale, the chief operating officer now directly owns 244,074 shares in the company, valued at approximately $30,428,705.58. This represents a 0.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Oppenheimer assumed coverage on Sezzle in a research report on Thursday. They set an "outperform" rating and a $168.00 target price for the company. Wall Street Zen downgraded Sezzle from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, B. Riley restated a "buy" rating and set a $62.83 price objective (up from $62.00) on shares of Sezzle in a research report on Wednesday, February 26th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $96.94.

Sezzle Trading Down 4.7%

The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $4.45 billion, a P/E ratio of 14.21 and a beta of 9.06. The firm has a 50-day moving average of $79.22 and a two-hundred day moving average of $56.56.

Sezzle announced that its Board of Directors has authorized a stock repurchase program on Monday, March 10th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the company to purchase up to 4.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Institutional Trading of Sezzle

Institutional investors and hedge funds have recently modified their holdings of the business. Plato Investment Management Ltd bought a new stake in shares of Sezzle during the 4th quarter worth $30,000. Meeder Asset Management Inc. acquired a new position in Sezzle in the 4th quarter worth about $31,000. Federated Hermes Inc. increased its holdings in Sezzle by 3,575.0% in 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. acquired a new position in Sezzle in the 4th quarter worth about $84,000. Finally, Tower Research Capital LLC TRC increased its holdings in Sezzle by 94.7% in 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. 2.02% of the stock is currently owned by 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.