Sezzle (NASDAQ:SEZL) Trading Down 4.7% on Insider Selling

Sezzle Inc. (NASDAQ:SEZL - Get Free Report) shares fell 4.7% during trading on Friday after an insider sold shares in the company. The stock traded as low as $141.30 and last traded at $141.62. 440,339 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 835,673 shares. The stock had previously closed at $148.63.

Specifically, Director Paul Paradis sold 3,000 shares of Sezzle stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $182.03, for a total transaction of $546,090.00. Following the sale, the director directly owned 260,000 shares in the company, valued at approximately $47,327,800. This trade represents a 1.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Karen Hartje sold 5,484 shares of the firm's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $168.02, for a total value of $921,421.68. Following the sale, the chief financial officer directly owned 126,846 shares of the company's stock, valued at approximately $21,312,664.92. This represents a 4.14% decrease in their ownership of the stock. The disclosure for this sale can be found here.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Sezzle from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Oppenheimer increased their target price on shares of Sezzle from $168.00 to $202.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd.

Sezzle Price Performance

The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.56. The stock has a market cap of $4.52 billion, a PE ratio of 45.88 and a beta of 9.16. The business has a 50-day moving average price of $125.50 and a 200 day moving average price of $71.29.

Hedge Funds Weigh In On Sezzle

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SEZL. Vanguard Group Inc. lifted its stake in shares of Sezzle by 497.6% during the 1st quarter. Vanguard Group Inc. now owns 1,013,698 shares of the company's stock valued at $35,368,000 after buying an additional 844,084 shares in the last quarter. Driehaus Capital Management LLC raised its holdings in Sezzle by 497.8% during the 1st quarter. Driehaus Capital Management LLC now owns 327,276 shares of the company's stock valued at $11,419,000 after acquiring an additional 272,530 shares during the period. Acadian Asset Management LLC lifted its position in shares of Sezzle by 719.1% during the first quarter. Acadian Asset Management LLC now owns 173,310 shares of the company's stock worth $6,040,000 after acquiring an additional 152,152 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Sezzle by 1,068.2% during the first quarter. Goldman Sachs Group Inc. now owns 169,487 shares of the company's stock worth $5,913,000 after acquiring an additional 154,978 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Sezzle by 429.0% in the first quarter. Royal Bank of Canada now owns 132,361 shares of the company's stock worth $4,618,000 after acquiring an additional 107,340 shares during the period. Institutional investors own 2.02% of the company's stock.

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.