Sezzle (NASDAQ:SEZL) Shares Down 5.2% – Time to Sell?

Sezzle Inc. (NASDAQ:SEZL) shares traded down 5.2% during trading on Friday . The company traded as low as $250.35 and last traded at $248.93. 28,540 shares were traded during trading, a decline of 79% from the average session volume of 132,913 shares. The stock had previously closed at $262.51.

Wall Street Analyst Weigh In

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

Sezzle Stock Down 8.8 %

The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54. The stock has a market capitalization of $1.34 billion, a P/E ratio of 25.48 and a beta of 9.72. The firm’s fifty day moving average is $327.29 and its 200-day moving average is $204.76.

Insider Activity

In other Sezzle news, Director Paul Martin Purcell sold 2,401 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $465.72, for a total value of $1,118,193.72. Following the completion of the transaction, the director now directly owns 58,275 shares of the company’s stock, valued at approximately $27,139,833. The trade was a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Paul Paradis sold 4,026 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $400.00, for a total transaction of $1,610,400.00. Following the sale, the director now directly owns 68,846 shares in the company, valued at $27,538,400. This trade represents a 5.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,707 shares of company stock worth $3,210,207. Insiders own 57.65% of the company’s stock.

Institutional Investors Weigh In On Sezzle

Several hedge funds and other institutional investors have recently made changes to their positions in SEZL. Covestor Ltd bought a new position in Sezzle in the third quarter valued at about $38,000. Modus Advisors LLC bought a new position in shares of Sezzle in the 4th quarter valued at about $80,000. SG Americas Securities LLC acquired a new stake in shares of Sezzle during the 3rd quarter worth approximately $165,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Sezzle during the third quarter worth approximately $188,000. Finally, Rhumbline Advisers acquired a new position in Sezzle in the second quarter valued at approximately $203,000. 2.02% of the stock is owned by institutional investors and hedge funds.

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.