Sezzle (NASDAQ:SEZL) Trading Down 8.8% – Should You Sell?

Sezzle Inc. (NASDAQ:SEZL)’s share price dropped 8.8% on Monday . The company traded as low as $379.22 and last traded at $386.51. Approximately 75,533 shares were traded during mid-day trading, a decline of 16% from the average daily volume of 89,489 shares. The stock had previously closed at $424.03.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SEZL. Northland Securities increased their target price on shares of Sezzle from $185.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, November 8th. B. Riley upped their price objective on shares of Sezzle from $132.00 to $163.00 and gave the company a “buy” rating in a research note on Friday, August 23rd.

Sezzle Trading Down 10.3 %

The company has a market cap of $2.13 billion, a price-to-earnings ratio of 42.08 and a beta of 8.49. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.40 and a quick ratio of 2.40. The firm’s fifty day moving average price is $263.02 and its 200-day moving average price is $157.14.

Insider Transactions at Sezzle

In related news, COO Amin Sabzivand sold 1,500 shares of Sezzle stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $147.10, for a total transaction of $220,650.00. Following the completion of the sale, the chief operating officer now owns 51,748 shares of the company’s stock, valued at approximately $7,612,130.80. This trade represents a 2.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul Martin Purcell sold 6,512 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $130.98, for a total value of $852,941.76. Following the completion of the transaction, the director now owns 177,346 shares in the company, valued at $23,228,779.08. This trade represents a 3.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,690 shares of company stock valued at $13,796,892 over the last quarter. Company insiders own 57.65% of the company’s stock.

Institutional Trading of Sezzle

A number of institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. acquired a new position in Sezzle during the 3rd quarter valued at $548,000. Navellier & Associates Inc. acquired a new position in shares of Sezzle during the third quarter worth approximately $1,217,000. XTX Topco Ltd bought a new stake in shares of Sezzle during the second quarter valued at approximately $544,000. Vanguard Group Inc. bought a new position in Sezzle in the first quarter valued at about $13,369,000. Finally, Divisadero Street Capital Management LP bought a new stake in shares of Sezzle during the second quarter worth approximately $356,000. 2.02% of the stock is currently 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.