Sezzle (NASDAQ:SEZL) Trading Down 6.2% – Here’s What Happened

Sezzle Inc. (NASDAQ:SEZL)’s share price traded down 6.2% during mid-day trading on Tuesday . The stock traded as low as $205.51 and last traded at $207.20. 35,665 shares traded hands during trading, a decline of 58% from the average session volume of 84,250 shares. The stock had previously closed at $220.92.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SEZL. Northland Securities reissued an “outperform” rating and issued a $185.00 target price (up previously from $150.00) on shares of Sezzle in a report on Monday, September 23rd. B. Riley increased their price objective on Sezzle from $132.00 to $163.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, Northland Capmk upgraded Sezzle to a “strong-buy” rating in a research note on Tuesday, July 9th.

Sezzle Price Performance

The stock’s 50-day moving average is $164.79 and its 200 day moving average is $109.83. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market capitalization of $1.30 billion, a PE ratio of 100.72 and a beta of 8.93.

Sezzle (NASDAQ:SEZL) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $2.17 earnings per share (EPS) for the quarter, topping 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. As a group, equities analysts expect that Sezzle Inc. will post 6.71 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Amin Sabzivand sold 1,500 shares of the stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $205.57, for a total value of $308,355.00. Following the completion of the sale, the chief operating officer now directly owns 46,860 shares of the company’s stock, valued at approximately $9,633,010.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Sezzle news, Director Paul Paradis sold 1,645 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $75.03, for a total transaction of $123,424.35. Following the completion of the sale, the director now directly owns 187,917 shares of the company’s stock, valued at $14,099,412.51. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Amin Sabzivand sold 1,500 shares of Sezzle stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $205.57, for a total value of $308,355.00. Following the completion of the transaction, the chief operating officer now owns 46,860 shares in the company, valued at $9,633,010.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 164,279 shares of company stock valued at $22,500,162 over the last quarter. Company insiders own 57.65% of the company’s stock.

Institutional Investors Weigh In On Sezzle

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. acquired a new position in Sezzle in the 1st quarter valued at $13,369,000. Bank of New York Mellon Corp purchased a new stake in shares of Sezzle in the second quarter valued at about $611,000. XTX Topco Ltd acquired a new position in shares of Sezzle during the second quarter worth about $544,000. Divisadero Street Capital Management LP purchased a new position in Sezzle during the second quarter worth about $356,000. Finally, Rhumbline Advisers acquired a new stake in Sezzle in the second quarter valued at about $203,000. 2.02% of the stock is owned by institutional investors and hedge funds.

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.