Sezzle (NASDAQ:SEZL) Stock Price Down 2.2% - What's Next?

Sezzle Inc. (NASDAQ:SEZL - Get Free Report)'s share price fell 2.2% on Monday . The company traded as low as $165.82 and last traded at $178.21. 462,319 shares were traded during mid-day trading, a decline of 44% from the average session volume of 828,870 shares. The stock had previously closed at $182.16.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SEZL shares. Wall Street Zen cut shares of Sezzle from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Oppenheimer lifted their target price on shares of Sezzle from $168.00 to $202.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $108.28.

Sezzle Stock Performance

The firm's 50-day moving average price is $117.46 and its two-hundred day moving average price is $68.22. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.62 and a current ratio of 2.62. The stock has a market cap of $5.69 billion, a price-to-earnings ratio of 57.76 and a beta of 9.16.

Sezzle announced that its Board of Directors has initiated a share buyback program on Monday, March 10th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 4.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Insider Transactions at Sezzle

In other Sezzle news, COO Amin Sabzivand sold 6,028 shares of the business's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $164.23, for a total transaction of $989,978.44. Following the sale, the chief operating officer directly owned 243,303 shares in the company, valued at $39,957,651.69. This represents a 2.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul Paradis sold 3,000 shares of the company's stock in a transaction that occurred on 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 in the company, valued at $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. Insiders have sold 489,608 shares of company stock worth $41,660,224 over the last quarter. Insiders own 49.49% of the company's stock.

Institutional Investors Weigh In On Sezzle

Large investors have recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in shares of Sezzle during the fourth quarter worth $31,000. CWM LLC lifted its holdings in shares of Sezzle by 49,400.0% during the first quarter. CWM LLC now owns 990 shares of the company's stock worth $35,000 after purchasing an additional 988 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Sezzle by 3,575.0% during the fourth quarter. Federated Hermes Inc. now owns 147 shares of the company's stock worth $38,000 after purchasing an additional 143 shares during the period. US Bancorp DE lifted its holdings in shares of Sezzle by 465.6% during the first quarter. US Bancorp DE now owns 1,578 shares of the company's stock worth $55,000 after purchasing an additional 1,299 shares during the period. Finally, Strs Ohio acquired a new stake in shares of Sezzle during the first quarter worth $84,000. 2.02% of the stock is owned by institutional investors and hedge funds.

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.