Sezzle (NASDAQ:SEZL) Trading Down 2.2% - What's Next?

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SEZL. Wall Street Zen downgraded shares of Sezzle from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Oppenheimer lifted 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 firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 47.50 and a beta of 9.16. The company's fifty day moving average price is $132.88 and its 200 day moving average price is $74.43. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.62 and a current ratio of 2.62.

Insiders Place Their Bets

In other news, COO Amin Sabzivand sold 6,028 shares of Sezzle stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $164.23, for a total value of $989,978.44. Following the transaction, the chief operating officer owned 243,303 shares of the company's stock, valued at $39,957,651.69. The trade was a 2.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Paul Paradis sold 3,000 shares of Sezzle stock in a transaction that occurred on Tuesday, July 8th. The stock was 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 in the company, valued at approximately $47,327,800. This trade represents a 1.14% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 498,092 shares of company stock worth $43,127,736. 49.49% of the stock is owned by corporate insiders.

Institutional Trading of Sezzle

Hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its position in Sezzle by 28.0% in the fourth quarter. Bank of New York Mellon Corp now owns 6,304 shares of the company's stock worth $1,613,000 after acquiring an additional 1,378 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in Sezzle in the fourth quarter worth $311,000. Wealth Enhancement Advisory Services LLC acquired a new position in Sezzle during the first quarter worth $747,000. Rhumbline Advisers raised its holdings in Sezzle by 649.1% during the first quarter. Rhumbline Advisers now owns 19,146 shares of the company's stock valued at $668,000 after buying an additional 16,590 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its position in shares of Sezzle by 4,731.8% in the first quarter. Teacher Retirement System of Texas now owns 39,186 shares of the company's stock worth $1,367,000 after buying an additional 38,375 shares during the last quarter. 2.02% of the stock is owned by hedge funds and other institutional investors.

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.