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

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Northland Securities restated an “outperform” rating and issued a $185.00 price objective (up previously from $150.00) on shares of Sezzle in a report on Monday, September 23rd. Northland Capmk raised shares of Sezzle to a “strong-buy” rating in a research note on Tuesday, July 9th. Finally, 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 Price Performance

The company has a debt-to-equity ratio of 1.37, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a 50 day simple moving average of $164.79 and a two-hundred day simple moving average of $109.83. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 100.72 and a beta of 8.93.

Sezzle (NASDAQ:SEZL) last released 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 net margin of 21.77% and a return on equity of 84.38%. The firm had revenue of $55.97 million during the quarter, compared to analysts’ expectations of $43.35 million. On average, equities research analysts predict that Sezzle Inc. will post 6.71 earnings per share for the current fiscal year.

Insider Activity

In other Sezzle news, Director Paul Paradis sold 1,645 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $102.89, for a total transaction of $169,254.05. Following the completion of the sale, the director now owns 186,272 shares of the company’s stock, valued at $19,165,526.08. This trade 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 is available through the SEC website. In other Sezzle news, Director Paul Paradis sold 1,645 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $102.89, for a total transaction of $169,254.05. Following the completion of the transaction, the director now owns 186,272 shares of the company’s stock, valued at $19,165,526.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul Martin Purcell sold 29,924 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $121.61, for a total transaction of $3,639,057.64. Following the completion of the sale, the director now directly owns 269,716 shares in the company, valued at $32,800,162.76. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 164,279 shares of company stock valued at $22,500,162. 57.65% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. purchased a new position in Sezzle during the 1st quarter valued at about $13,369,000. Bank of New York Mellon Corp purchased a new stake in Sezzle during the 2nd quarter worth approximately $611,000. XTX Topco Ltd acquired a new stake in Sezzle during the 2nd quarter worth approximately $544,000. Divisadero Street Capital Management LP purchased a new position in Sezzle in the 2nd quarter valued at approximately $356,000. Finally, Rhumbline Advisers acquired a new position in shares of Sezzle in the second quarter worth $203,000. 2.02% of the stock is currently owned by hedge funds and other 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.