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

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

Specifically, Director Paul Paradis sold 3,000 shares of the business's stock in a transaction dated 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 directly owned 260,000 shares of the company's stock, valued at approximately $47,327,800. The trade was a 1.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 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 ownership of the stock. The disclosure for this sale can be found here.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Oppenheimer boosted 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, July 2nd. Wall Street Zen downgraded shares of Sezzle from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd.

Sezzle Stock 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 stock has a market cap of $4.49 billion, a price-to-earnings ratio of 45.52 and a beta of 9.16. The stock's fifty day moving average is $125.50 and its 200-day moving average is $71.29.

Institutional Investors Weigh In On Sezzle

Several large investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Sezzle by 3.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,320 shares of the company's stock valued at $338,000 after purchasing an additional 44 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Sezzle in the fourth quarter valued at approximately $31,000. Federated Hermes Inc. boosted its holdings in shares of Sezzle by 3,575.0% in the fourth quarter. Federated Hermes Inc. now owns 147 shares of the company's stock valued at $38,000 after buying an additional 143 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Sezzle by 6.7% in the fourth quarter. Alliancebernstein L.P. now owns 2,700 shares of the company's stock valued at $691,000 after buying an additional 170 shares during the period. Finally, Farther Finance Advisors LLC acquired a new position in shares of Sezzle in the second quarter valued at approximately $33,000. Institutional investors 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.