Sezzle (NASDAQ:SEZL) Trading Down 2.2% - Here's What Happened

Sezzle Inc. (NASDAQ:SEZL - Get Free Report) was down 2.2% during mid-day trading on Thursday . The company traded as low as $141.87 and last traded at $141.80. Approximately 323,729 shares changed hands during trading, a decline of 62% from the average daily volume of 844,510 shares. The stock had previously closed at $144.96.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SEZL. Oppenheimer increased their price target on Sezzle from $168.00 to $202.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Wall Street Zen downgraded shares of Sezzle from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd.

Sezzle Stock Performance

The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.56. The stock's 50-day moving average price is $130.50 and its 200-day moving average price is $72.86. The company has a market capitalization of $4.68 billion, a P/E ratio of 47.46 and a beta of 9.16.

Insider Buying and Selling

In other Sezzle news, CFO Karen Hartje sold 5,484 shares of the business'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 owned 126,846 shares in the company, valued at approximately $21,312,664.92. The trade was a 4.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Paul Paradis sold 3,000 shares of the stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $182.03, for a total transaction of $546,090.00. Following the completion of the transaction, the director owned 260,000 shares of the company's stock, valued at $47,327,800. This represents a 1.14% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 498,092 shares of company stock valued at $43,127,736. Insiders own 49.49% of the company's stock.

Institutional Investors Weigh In On Sezzle

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in shares of Sezzle by 28.0% in the fourth quarter. Bank of New York Mellon Corp now owns 6,304 shares of the company's stock valued at $1,613,000 after buying an additional 1,378 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of Sezzle in the 4th quarter worth $311,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Sezzle during the first quarter valued at $747,000. Rhumbline Advisers boosted its position in shares of Sezzle by 649.1% in the 1st quarter. Rhumbline Advisers now owns 19,146 shares of the company's stock valued at $668,000 after purchasing an additional 16,590 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in Sezzle by 4,731.8% in the 1st quarter. Teacher Retirement System of Texas now owns 39,186 shares of the company's stock worth $1,367,000 after purchasing an additional 38,375 shares in the last quarter. 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.

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