Sezzle (NASDAQ:SEZL) Stock Price Down 4.7% Following Insider Selling

Sezzle Inc. (NASDAQ:SEZL - Get Free Report) shares were down 4.7% during trading on Friday following insider selling activity. The company traded as low as $141.30 and last traded at $141.62. Approximately 440,339 shares traded hands during trading, a decline of 47% from the average daily volume of 835,673 shares. The stock had previously closed at $148.63.

Specifically, Director Paul Paradis sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $182.03, for a total value of $546,090.00. Following the completion of the sale, the director directly owned 260,000 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. Also, CFO Karen Hartje sold 5,484 shares of the business's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $168.02, for a total value of $921,421.68. Following the sale, the chief financial officer owned 126,846 shares in the company, valued at $21,312,664.92. The trade was a 4.14% decrease in their position. The disclosure for this sale can be found here.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. 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 price objective on shares of Sezzle from $168.00 to $202.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd.

Sezzle Trading Down 4.7%

The firm has a market cap of $4.71 billion, a price-to-earnings ratio of 47.85 and a beta of 9.16. The company has a 50 day moving average price of $123.92 and a 200 day moving average price of $70.28. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.62 and a current ratio of 2.62.

Institutional Trading of Sezzle

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Sezzle by 497.6% during the first quarter. Vanguard Group Inc. now owns 1,013,698 shares of the company's stock valued at $35,368,000 after acquiring an additional 844,084 shares during the last quarter. Driehaus Capital Management LLC boosted its position in shares of Sezzle by 497.8% during the 1st quarter. Driehaus Capital Management LLC now owns 327,276 shares of the company's stock worth $11,419,000 after purchasing an additional 272,530 shares during the period. Goldman Sachs Group Inc. lifted its stake in 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 purchasing an additional 154,978 shares in the last quarter. Acadian Asset Management LLC lifted its stake in 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 purchasing an additional 152,152 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. purchased a new stake in shares of Sezzle in the 1st quarter valued at $4,011,000. 2.02% of the stock is currently owned by hedge funds and other 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.

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