Insider Selling: Sezzle Inc. (NASDAQ:SEZL) Director Sells 6,618 Shares of Stock

Sezzle Inc. (NASDAQ:SEZL) Director Paul Martin Purcell sold 6,618 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $157.87, for a total value of $1,044,783.66. Following the transaction, the director now directly owns 120,047 shares in the company, valued at $18,951,819.89. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• 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 stock was 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 stock was 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.
• On Friday, August 30th, Paul Martin Purcell sold 10,000 shares of Sezzle stock. The stock was sold at an average price of $134.22, for a total value of $1,342,200.00.
• On Wednesday, August 28th, Paul Martin Purcell sold 3,808 shares of Sezzle stock. The stock was sold at an average price of $130.42, for a total value of $496,639.36.
• On Monday, August 26th, Paul Martin Purcell sold 500 shares of Sezzle stock. The stock was sold at an average price of $127.12, for a total value of $63,560.00.
• On Friday, August 23rd, Paul Martin Purcell sold 8,731 shares of Sezzle stock. The stock was sold at an average price of $129.43, for a total value of $1,130,053.33.
• On Wednesday, August 21st, Paul Martin Purcell sold 15,000 shares of Sezzle stock. The stock was sold at an average price of $133.42, for a total value of $2,001,300.00.

Sezzle Trading Up 2.0 %

NASDAQ SEZL opened at $163.40 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.37. Sezzle Inc. has a twelve month low of $7.15 and a twelve month high of $166.18. The firm has a market capitalization of $915.04 million and a PE ratio of 71.67. The stock’s 50 day moving average is $115.41 and its 200 day moving average is $86.94.

Sezzle (NASDAQ:SEZL) last released its quarterly earnings results on Wednesday, August 7th. The company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $0.84 by $1.33. Sezzle had a return on equity of 84.38% and a net margin of 21.77%. The company had revenue of $55.97 million for the quarter, compared to analyst estimates of $43.35 million. Research analysts forecast that Sezzle Inc. will post 6.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SEZL has been the topic of a number of recent analyst reports. Northland Securities reiterated an “outperform” rating and issued a $150.00 price objective (up from $119.00) on shares of Sezzle in a research report on Thursday, August 29th. B. Riley lifted their price objective on Sezzle from $132.00 to $163.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Finally, Northland Capmk upgraded Sezzle to a “strong-buy” rating in a research report on Tuesday, July 9th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SEZL. Rhumbline Advisers purchased a new position in shares of Sezzle in the second quarter worth $203,000. Divisadero Street Capital Management LP purchased a new position in shares of Sezzle in the second quarter worth $356,000. XTX Topco Ltd purchased a new position in shares of Sezzle in the second quarter worth $544,000. Bank of New York Mellon Corp purchased a new stake in Sezzle during the second quarter valued at $611,000. Finally, Vanguard Group Inc. purchased a new stake in Sezzle during the first quarter valued at $13,369,000. Hedge funds and other 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.