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

Shares of Sezzle Inc. (NASDAQ:SEZL - Get Free Report) traded down 8.6% during mid-day trading on Tuesday after an insider sold shares in the company. The company traded as low as $165.50 and last traded at $163.83. 632,108 shares traded hands during 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 company's stock in a transaction that occurred 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. This represents a 2.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Amin Sabzivand sold 8,803 shares of the company's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $163.98, for a total transaction of $1,443,515.94. Following the completion of the sale, the chief operating officer directly owned 243,303 shares of the company's stock, valued at $39,896,825.94. The trade was a 3.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In other news, COO Amin Sabzivand sold 3,169 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $163.75, for a total value of $518,923.75. Following the transaction, the chief operating officer owned 243,303 shares of the company's stock, valued at approximately $39,840,866.25. The trade was a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SEZL. Oppenheimer upped their price target on shares of Sezzle from $168.00 to $202.00 and gave the stock an "outperform" rating in a research note on Wednesday. Wall Street Zen cut shares of Sezzle from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $108.28.

Sezzle Stock Up 2.2%

The stock has a fifty day moving average of $106.90 and a two-hundred day moving average of $64.39. 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 $5.70 billion, a price-to-earnings ratio of 58.07 and a beta of 9.17.

Sezzle declared that its Board of Directors has authorized a share repurchase plan on Monday, March 10th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 4.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Hedge Funds Weigh In On Sezzle

Hedge funds and other institutional investors have recently made changes to their positions in the business. Plato Investment Management Ltd acquired a new stake in shares of Sezzle in the fourth quarter valued at about $30,000. Meeder Asset Management Inc. acquired a new stake in Sezzle in the fourth quarter valued at approximately $31,000. CWM LLC raised its stake in shares of Sezzle by 49,400.0% during the first quarter. CWM LLC now owns 990 shares of the company's stock valued at $35,000 after purchasing an additional 988 shares during the period. Federated Hermes Inc. raised its stake in shares of Sezzle by 3,575.0% during the fourth quarter. Federated Hermes Inc. now owns 147 shares of the company's stock valued at $38,000 after purchasing an additional 143 shares during the period. Finally, US Bancorp DE grew its holdings in Sezzle by 465.6% during 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.

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.