Sezzle (NASDAQ:SEZL) Stock Price Down 2.2% - Here's What Happened

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SEZL shares. Wall Street Zen lowered Sezzle from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Oppenheimer upped their target price on Sezzle from $168.00 to $202.00 and gave the company an "outperform" rating in a research report 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 company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $108.28.

Sezzle Stock Down 1.1%

The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.56. The stock has a market cap of $6.00 billion, a PE ratio of 60.59 and a beta of 9.16. The business has a 50 day moving average price of $114.82 and a 200 day moving average price of $67.27.

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

Insiders Place Their Bets

In other Sezzle news, COO Amin Sabzivand sold 18,000 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $157.31, for a total transaction of $2,831,580.00. Following the transaction, the chief operating officer owned 243,303 shares in the company, valued at approximately $38,273,994.93. This represents a 6.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul Paradis sold 50,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $90.53, for a total value of $4,526,500.00. Following the transaction, the director owned 528,382 shares in the company, valued at $47,834,422.46. This represents a 8.64% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 489,608 shares of company stock worth $41,660,224. 49.49% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sezzle

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Modus Advisors LLC acquired a new stake in shares of Sezzle in the second quarter valued at approximately $228,000. Goldman Sachs Group Inc. increased its holdings in shares of Sezzle by 1,068.2% in the first quarter. Goldman Sachs Group Inc. now owns 169,487 shares of the company's stock valued at $5,913,000 after purchasing an additional 154,978 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Sezzle by 649.1% in the first quarter. Rhumbline Advisers now owns 19,146 shares of the company's stock valued at $668,000 after purchasing an additional 16,590 shares during the last quarter. Strs Ohio acquired a new stake in shares of Sezzle in the first quarter valued at approximately $84,000. Finally, Acadian Asset Management LLC increased its holdings in shares of Sezzle by 719.1% in the first quarter. Acadian Asset Management LLC now owns 173,310 shares of the company's stock valued at $6,040,000 after purchasing an additional 152,152 shares during the last quarter. Hedge funds and other 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.

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