Sezzle (NASDAQ:SEZL) Shares Gap Down – Here’s Why

Shares of Sezzle Inc. (NASDAQ:SEZL) gapped down prior to trading on Monday . The stock had previously closed at $228.63, but opened at $217.08. Sezzle shares last traded at $215.00, with a volume of 12,464 shares trading hands.

Analyst Ratings Changes

SEZL has been the subject of a number of research analyst reports. B. Riley restated a “buy” rating and set a $372.00 target price (up from $353.00) on shares of Sezzle in a report on Thursday, December 19th. Northland Securities lifted their price objective on shares of Sezzle from $300.00 to $360.00 and gave the company an “outperform” rating in a report on Thursday, December 19th.

Sezzle Trading Up 5.2 %

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 company has a market cap of $1.31 billion, a PE ratio of 24.83 and a beta of 9.72. The company has a fifty day simple moving average of $326.93 and a two-hundred day simple moving average of $204.37.

Insider Activity at Sezzle

In other Sezzle news, Director Paul Paradis sold 4,026 shares of the firm’s stock in a transaction 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Amin Sabzivand sold 1,500 shares of Sezzle stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $205.57, for a total value of $308,355.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,207 shares of company stock valued at $3,518,562 over the last 90 days. 57.65% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sezzle

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