Sezzle (NASDAQ:SEZL) Shares Up 1.3% - Here's What Happened

Sezzle Inc. (NASDAQ:SEZL - Get Free Report) shares traded up 1.3% during mid-day trading on Monday . The company traded as high as $137.78 and last traded at $136.46. 370,968 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 840,368 shares. The stock had previously closed at $134.73.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Wall Street Zen lowered Sezzle from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Oppenheimer increased their target price on Sezzle from $168.00 to $202.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd.

Sezzle Price Performance

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 firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of 45.88 and a beta of 9.16. The stock's 50 day moving average price is $127.10 and its two-hundred day moving average price is $71.93.

Insider Transactions at Sezzle

In other Sezzle news, Director Paul Paradis sold 50,000 shares of the stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $90.53, for a total transaction of $4,526,500.00. Following the transaction, the director directly owned 528,382 shares of the company's stock, valued at $47,834,422.46. This represents a 8.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Karen Hartje sold 311,196 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $71.83, for a total transaction of $22,353,208.68. Following the transaction, the chief financial officer directly owned 154,266 shares in the company, valued at $11,080,926.78. The trade was a 66.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 498,092 shares of company stock valued at $43,127,736. 49.49% of the stock is owned by insiders.

Hedge Funds Weigh In On Sezzle

Several hedge funds have recently bought and sold shares of SEZL. Bank of New York Mellon Corp increased its position in Sezzle by 28.0% during the fourth quarter. Bank of New York Mellon Corp now owns 6,304 shares of the company's stock worth $1,613,000 after buying an additional 1,378 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Sezzle by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,697 shares of the company's stock worth $5,294,000 after buying an additional 334 shares during the last quarter. Arizona State Retirement System acquired a new position in Sezzle during the fourth quarter worth $207,000. Swiss National Bank acquired a new position in Sezzle during the fourth quarter worth $1,407,000. Finally, Teacher Retirement System of Texas acquired a new position in Sezzle during the fourth quarter worth $207,000. 2.02% of the stock is owned by institutional investors and hedge funds.

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.