Insider Selling: Sezzle Inc. (NASDAQ:SEZL) Director Sells 1,280 Shares of Stock

Sezzle Inc. (NASDAQ:SEZL) Director Paul Martin Purcell sold 1,280 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $376.26, for a total value of $481,612.80. Following the completion of the transaction, the director now directly owns 81,496 shares in the company, valued at approximately $30,663,684.96. The trade was a 1.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Paul Martin Purcell also recently made the following trade(s):

• On Wednesday, October 2nd, Paul Martin Purcell sold 7,824 shares of Sezzle stock. The shares were sold at an average price of $164.86, for a total value of $1,289,864.64.
• On Monday, September 30th, Paul Martin Purcell sold 9,808 shares of Sezzle stock. The shares were sold at an average price of $170.43, for a total value of $1,671,577.44.
• On Thursday, September 26th, Paul Martin Purcell sold 809 shares of Sezzle stock. The shares were sold at an average price of $180.21, for a total value of $145,789.89.
• On Monday, September 23rd, Paul Martin Purcell sold 1,800 shares of Sezzle stock. The shares were sold at an average price of $165.35, for a total value of $297,630.00.
• On Thursday, September 19th, Paul Martin Purcell sold 6,618 shares of Sezzle stock. The shares were sold at an average price of $157.87, for a total value of $1,044,783.66.
• On Friday, September 13th, Paul Martin Purcell sold 5,000 shares of Sezzle stock. The shares were sold at an average price of $149.92, for a total value of $749,600.00.
• On Wednesday, September 11th, Paul Martin Purcell sold 10,000 shares of Sezzle stock. The shares were sold at an average price of $134.32, for a total value of $1,343,200.00.
• On Monday, September 9th, Paul Martin Purcell sold 8,400 shares of Sezzle stock. The shares were sold at an average price of $131.40, for a total value of $1,103,760.00.
• On Thursday, September 5th, Paul Martin Purcell sold 5,712 shares of Sezzle stock. The stock was sold at an average price of $135.51, for a total value of $774,033.12.
• On Tuesday, September 3rd, Paul Martin Purcell sold 6,512 shares of Sezzle stock. The stock was sold at an average price of $130.98, for a total value of $852,941.76.

Sezzle Price Performance

NASDAQ SEZL traded up $14.50 on Monday, hitting $399.50. 67,568 shares of the company’s stock were exchanged, compared to its average volume of 88,660. The stock has a 50-day moving average of $207.12 and a 200-day moving average of $131.45. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 40.96 and a beta of 8.49. The company has a current ratio of 2.40, a quick ratio of 2.07 and a debt-to-equity ratio of 1.54. Sezzle Inc. has a 52 week low of $9.75 and a 52 week high of $454.16.

Institutional Trading of Sezzle

A number of large investors have recently bought and sold shares of the business. Barclays PLC boosted its position in shares of Sezzle by 125.4% during the 3rd quarter. Barclays PLC now owns 4,515 shares of the company’s stock worth $771,000 after purchasing an additional 2,512 shares in the last quarter. Jane Street Group LLC purchased a new position in Sezzle in the 3rd quarter valued at approximately $292,000. State Street Corp grew its stake in Sezzle by 3.5% in the 3rd quarter. State Street Corp now owns 49,362 shares of the company’s stock valued at $8,421,000 after buying an additional 1,683 shares in the last quarter. Verition Fund Management LLC purchased a new position in shares of Sezzle during the 3rd quarter valued at $274,000. Finally, MetLife Investment Management LLC grew its position in shares of Sezzle by 129.2% during the 3rd quarter. MetLife Investment Management LLC now owns 1,446 shares of the company’s stock valued at $247,000 after purchasing an additional 815 shares in the last quarter. 2.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SEZL shares. Northland Securities boosted their price target on Sezzle from $185.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, November 8th. B. Riley lifted their target price on Sezzle from $132.00 to $163.00 and gave the company a “buy” rating in a research report on Friday, August 23rd.

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.