Sezzle (NASDAQ:SEZL) Shares Down 6.8% – Here’s What Happened

Sezzle Inc. (NASDAQ:SEZL)’s share price dropped 6.8% during mid-day trading on Tuesday . The stock traded as low as $425.30 and last traded at $432.56. Approximately 68,766 shares were traded during mid-day trading, a decline of 23% from the average daily volume of 89,525 shares. The stock had previously closed at $464.00.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. B. Riley lifted their target price on shares of Sezzle from $132.00 to $163.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Northland Securities boosted their price objective on Sezzle from $185.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th.

Sezzle Price Performance

The business’s 50 day moving average price is $241.77 and its 200-day moving average price is $147.44. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54. The company has a market cap of $2.41 billion, a PE ratio of 45.00 and a beta of 8.49.

Insider Activity at Sezzle

In related news, Director Paul Paradis sold 4,026 shares of Sezzle stock in a transaction on Monday, November 18th. The shares were sold at an average price of $400.00, for a total value of $1,610,400.00. Following the completion of the sale, the director now owns 68,846 shares in the company, valued at approximately $27,538,400. The trade was a 5.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Justin Krause sold 1,500 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $138.00, for a total transaction of $207,000.00. Following the completion of the sale, the senior vice president now directly owns 16,533 shares in the company, valued at $2,281,554. This represents a 8.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 90,597 shares of company stock valued at $14,724,538. Corporate insiders own 57.65% of the company’s stock.

Institutional Trading of Sezzle

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Covestor Ltd bought a new position in shares of Sezzle in the 3rd quarter worth about $38,000. SG Americas Securities LLC acquired a new stake in Sezzle during the third quarter worth about $165,000. Wilmington Savings Fund Society FSB acquired a new stake in Sezzle during the third quarter worth about $188,000. Rhumbline Advisers bought a new position in Sezzle in the second quarter worth about $203,000. Finally, MetLife Investment Management LLC boosted its stake in Sezzle by 129.2% in the third quarter. MetLife Investment Management LLC now owns 1,446 shares of the company’s stock valued at $247,000 after acquiring an additional 815 shares during the period. 2.02% of the stock is 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.