Sezzle (NASDAQ:SEZL) Shares Down 11.2% on Insider Selling

Sezzle Inc. (NASDAQ:SEZL - Get Free Report) fell 11.2% on Thursday following insider selling activity. The company traded as low as $147.63 and last traded at $147.51. 635,626 shares changed hands during mid-day trading, a decline of 24% from the average session volume of 833,705 shares. The stock had previously closed at $166.09.

Specifically, Director Paul Paradis sold 3,000 shares of the firm's stock in a transaction 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 transaction, the director owned 260,000 shares of the company's stock, valued at approximately $47,327,800. This trade represents a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Karen Hartje sold 5,484 shares of the firm's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $168.02, for a total transaction of $921,421.68. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SEZL. Oppenheimer raised their price target on shares of Sezzle from $168.00 to $202.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Wall Street Zen cut shares of Sezzle from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd.

Sezzle Trading Down 9.4%

The company has a debt-to-equity ratio of 0.56, a current ratio of 2.62 and a quick ratio of 2.62. The company's fifty day moving average is $125.50 and its 200-day moving average is $70.91. The stock has a market cap of $4.49 billion, a PE ratio of 52.22 and a beta of 9.16.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Sezzle by 497.6% in the first 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 increased its holdings in Sezzle by 497.8% in the first quarter. Driehaus Capital Management LLC now owns 327,276 shares of the company's stock valued at $11,419,000 after buying an additional 272,530 shares in the last quarter. Acadian Asset Management LLC increased its holdings in Sezzle by 719.1% in the first quarter. Acadian Asset Management LLC now owns 173,310 shares of the company's stock valued at $6,040,000 after buying an additional 152,152 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Sezzle by 1,068.2% in the first quarter. Goldman Sachs Group Inc. now owns 169,487 shares of the company's stock valued at $5,913,000 after buying an additional 154,978 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in Sezzle by 429.0% in the first quarter. Royal Bank of Canada now owns 132,361 shares of the company's stock valued at $4,618,000 after buying an additional 107,340 shares in the last quarter. Hedge funds and other institutional investors 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.