Sezzle (NASDAQ:SEZL) Stock Price Down 5.8% – Here’s Why

Sezzle Inc. (NASDAQ:SEZL) shares were down 5.8% during mid-day trading on Tuesday . The company traded as low as $260.00 and last traded at $260.00. Approximately 18,590 shares changed hands during trading, a decline of 83% from the average daily volume of 110,612 shares. The stock had previously closed at $276.05.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. B. Riley reissued a “buy” rating and issued a $372.00 target price (up previously from $353.00) on shares of Sezzle in a report on Thursday, December 19th. Northland Securities boosted their price target on shares of Sezzle from $300.00 to $360.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th.

Sezzle Trading Down 2.4 %

The firm has a market cap of $1.39 billion, a P/E ratio of 26.40 and a beta of 9.72. The stock has a 50 day simple moving average of $324.94 and a 200-day simple moving average of $199.36. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54.

Insider Buying and Selling

In other news, COO Amin Sabzivand sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $205.57, for a total value of $308,355.00. Following the completion of the sale, the chief operating officer now directly owns 46,860 shares of the company’s stock, valued at $9,633,010.20. This trade represents a 3.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul Paradis sold 4,026 shares of Sezzle stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $400.00, for a total value of $1,610,400.00. Following the completion of the transaction, the director now owns 68,846 shares of the company’s stock, valued at approximately $27,538,400. This trade represents a 5.52 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,707 shares of company stock worth $3,799,062. Insiders own 57.65% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SEZL. Charles Schwab Investment Management Inc. boosted its stake in shares of Sezzle by 191.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 20,363 shares of the company’s stock worth $3,474,000 after purchasing an additional 13,383 shares during the period. Barclays PLC lifted its stake in Sezzle by 125.4% in the third quarter. Barclays PLC now owns 4,515 shares of the company’s stock worth $771,000 after purchasing an additional 2,512 shares during the last quarter. Virtu Financial LLC bought a new stake in Sezzle in the third quarter worth about $276,000. Principal Financial Group Inc. purchased a new position in shares of Sezzle during the third quarter valued at approximately $548,000. Finally, Navellier & Associates Inc. bought a new position in shares of Sezzle during the third quarter valued at approximately $1,217,000. 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.