Sezzle (NASDAQ:SEZL) Trading Down 8.6% on Insider Selling

Shares of Sezzle Inc. (NASDAQ:SEZL - Get Free Report) fell 8.6% on Tuesday following insider selling activity. The company traded as low as $165.50 and last traded at $163.83. 632,108 shares were traded during mid-day trading, a decline of 24% from the average session volume of 826,323 shares. The stock had previously closed at $179.25.

Specifically, COO Amin Sabzivand sold 6,028 shares of the business's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $164.23, for a total value of $989,978.44. Following the completion of the transaction, the chief operating officer directly owned 243,303 shares of the company's stock, valued at $39,957,651.69. The trade was a 2.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Amin Sabzivand sold 8,803 shares of the stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $163.98, for a total value of $1,443,515.94. Following the sale, the chief operating officer directly owned 243,303 shares in the company, valued at approximately $39,896,825.94. The trade was a 3.49% decrease in their position. The disclosure for this sale can be found here. In other Sezzle news, COO Amin Sabzivand sold 3,169 shares of the company's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $163.75, for a total value of $518,923.75. Following the transaction, the chief operating officer directly owned 243,303 shares in the company, valued at approximately $39,840,866.25. This represents a 1.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Wall Street Analysts Forecast Growth

SEZL has been the subject of a number of analyst reports. 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 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. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $108.28.

Sezzle Stock Up 5.1%

The firm has a fifty day simple moving average of $114.82 and a 200 day simple moving average of $66.90. 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 company has a market cap of $6.03 billion, a PE ratio of 61.17 and a beta of 9.16.

Sezzle declared that its Board of Directors has approved a stock repurchase program on Monday, March 10th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to buy up to 4.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

Hedge Funds Weigh In On Sezzle

Several institutional investors and hedge funds have recently bought and sold shares of SEZL. Plato Investment Management Ltd purchased a new stake in shares of Sezzle during the 4th quarter valued at $30,000. Meeder Asset Management Inc. purchased a new stake in Sezzle during the fourth quarter valued at about $31,000. CWM LLC increased its stake in Sezzle by 49,400.0% during the first quarter. CWM LLC now owns 990 shares of the company's stock worth $35,000 after acquiring an additional 988 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of Sezzle by 3,575.0% in the 4th 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. Finally, US Bancorp DE lifted its stake in shares of Sezzle by 465.6% in the 1st quarter. US Bancorp DE now owns 1,578 shares of the company's stock valued at $55,000 after purchasing an additional 1,299 shares in the last quarter. Institutional investors and hedge funds 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.