Sezzle (NASDAQ:SEZL) Shares Down 7.3% on Insider Selling

Shares of Sezzle Inc. (NASDAQ:SEZL) dropped 7.3% during trading on Wednesday after an insider sold shares in the company. The stock traded as low as $87.18 and last traded at $88.25. Approximately 28,964 shares traded hands during trading, a decline of 64% from the average daily volume of 80,749 shares. The stock had previously closed at $95.24.

Specifically, Director Paul Paradis sold 1,470 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $77.36, for a total transaction of $113,719.20. Following the transaction, the director now owns 209,906 shares in the company, valued at $16,238,328.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Paul Paradis sold 1,470 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $77.36, for a total transaction of $113,719.20. Following the transaction, the director now owns 209,906 shares in the company, valued at $16,238,328.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul Martin Purcell sold 23,737 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $86.31, for a total transaction of $2,048,740.47. Following the transaction, the director now owns 414,873 shares in the company, valued at approximately $35,807,688.63. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 70,458 shares of company stock valued at $5,958,956. Insiders own 57.65% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on SEZL shares. Northland Securities started coverage on shares of Sezzle in a research report on Tuesday. They issued an “outperform” rating and a $119.00 price target on the stock. Northland Capmk upgraded shares of Sezzle to a “strong-buy” rating in a research report on Tuesday. Finally, B. Riley started coverage on shares of Sezzle in a research report on Wednesday, June 26th. They issued a “buy” rating and a $113.00 price target on the stock.

Sezzle Stock Down 7.3 %

The business’s 50 day moving average is $76.29 and its 200 day moving average is $58.00. The company has a debt-to-equity ratio of 2.42, a quick ratio of 2.06 and a current ratio of 2.06. The stock has a market cap of $500.38 million and a price-to-earnings ratio of 38.92.

Sezzle (NASDAQ:SEZL) last issued its earnings results on Wednesday, May 8th. The company reported $1.34 earnings per share (EPS) for the quarter. The company had revenue of $46.98 million during the quarter. Sezzle had a net margin of 7.79% and a return on equity of 62.26%. Equities analysts expect that Sezzle Inc. will post 4.89 earnings per share for the current year.

Institutional Investors Weigh In On Sezzle

An institutional investor recently bought a new position in Sezzle stock. Vanguard Group Inc. acquired a new stake in Sezzle Inc. (NASDAQ:SEZL) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 158,233 shares of the company’s stock, valued at approximately $13,369,000. Vanguard Group Inc. owned about 2.79% of Sezzle at the end of the most recent quarter. 2.02% of the stock is currently owned by 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.