Sezzle (NASDAQ:SEZL) Shares Gap Down - Time to Sell?

Sezzle Inc. (NASDAQ:SEZL - Get Free Report)'s share price gapped down before the market opened on Tuesday . 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.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SEZL. Wall Street Zen cut shares of Sezzle from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. B. Riley restated a "buy" rating and issued a $62.83 target price (up previously from $62.00) on shares of Sezzle in a research report on Wednesday, February 26th.

Sezzle Price Performance

The stock has a 50 day moving average of $72.92 and a two-hundred day moving average of $55.17. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.40 and a current ratio of 2.40. The stock has a market cap of $4.42 billion, a PE ratio of 14.11 and a beta of 9.06.

Sezzle announced that its Board of Directors has approved a stock buyback plan on Monday, March 10th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to buy up to 4.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Insiders Place Their Bets

In other news, CFO Karen Hartje sold 311,196 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $71.83, for a total transaction of $22,353,208.68. Following the completion of the transaction, the chief financial officer now owns 154,266 shares of the company's stock, valued at approximately $11,080,926.78. This represents a 66.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Amin Sabzivand sold 1,684 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $124.67, for a total value of $209,944.28. Following the completion of the sale, the chief operating officer now owns 244,074 shares of the company's stock, valued at $30,428,705.58. This represents a 0.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold 443,080 shares of company stock valued at $34,247,838 over the last ninety days. Corporate insiders own 49.49% of the company's stock.

Hedge Funds Weigh In On Sezzle

A number of hedge funds have recently modified their holdings of SEZL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Sezzle by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,320 shares of the company's stock worth $338,000 after purchasing an additional 44 shares during the last quarter. Rhumbline Advisers lifted its position in Sezzle by 1.8% during the 4th quarter. Rhumbline Advisers now owns 2,556 shares of the company's stock worth $654,000 after buying an additional 45 shares in the last quarter. Plato Investment Management Ltd bought a new stake in Sezzle during the 4th quarter worth about $30,000. Meeder Asset Management Inc. acquired a new stake in Sezzle in the 4th quarter valued at about $31,000. Finally, Federated Hermes Inc. increased its position in Sezzle by 3,575.0% in the 4th quarter. Federated Hermes Inc. now owns 147 shares of the company's stock valued at $38,000 after acquiring an additional 143 shares in the last quarter. 2.02% of the stock is owned by institutional investors and hedge funds.

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.