Sezzle (NASDAQ:SEZL) Trading Down 2.2% - Time to Sell?

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SEZL. Wall Street Zen lowered shares of Sezzle from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Oppenheimer raised their price objective on shares of Sezzle from $168.00 to $202.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd.

Sezzle Stock Down 10.5%

The stock has a market capitalization of $4.95 billion, a P/E ratio of 50.21 and a beta of 9.16. The firm's fifty day moving average is $121.99 and its 200-day moving average is $69.56. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.56.

Insider Activity at Sezzle

In other Sezzle news, COO Amin Sabzivand sold 18,000 shares of the business's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $157.31, for a total value of $2,831,580.00. Following the completion of the transaction, the chief operating officer directly owned 243,303 shares of the company's stock, valued at approximately $38,273,994.93. The trade was a 6.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Karen Hartje sold 311,196 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was 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 directly owned 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 disclosure for this sale can be found here. Insiders sold 498,092 shares of company stock valued at $43,127,736 in the last ninety days. Insiders own 49.49% of the company's stock.

Hedge Funds Weigh In On Sezzle

Institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp raised its stake in shares of Sezzle by 28.0% in the fourth quarter. Bank of New York Mellon Corp now owns 6,304 shares of the company's stock worth $1,613,000 after acquiring an additional 1,378 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Sezzle during the 4th quarter worth approximately $311,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Sezzle during the 1st quarter worth approximately $747,000. Rhumbline Advisers grew its position in shares of Sezzle by 649.1% during the 1st quarter. Rhumbline Advisers now owns 19,146 shares of the company's stock worth $668,000 after buying an additional 16,590 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Sezzle during the 1st quarter worth approximately $131,000. 2.02% of the stock is 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.