Sezzle (NASDAQ:SEZL) Stock Price Down 5.8% – Here’s What Happened

Sezzle Inc. (NASDAQ:SEZL) shares fell 5.8% during trading on Tuesday . The company traded as low as $260.00 and last traded at $260.00. 18,590 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 110,612 shares. The stock had previously closed at $276.05.

Wall Street Analysts Forecast Growth

SEZL has been the topic of several recent research reports. B. Riley reaffirmed a “buy” rating and issued a $372.00 price target (up from $353.00) on shares of Sezzle in a research note on Thursday, December 19th. Northland Securities boosted their target price 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 Stock Down 2.4 %

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’s fifty day moving average price is $324.94 and its 200-day moving average price is $199.36. The stock has a market capitalization of $1.39 billion, a PE ratio of 26.40 and a beta of 9.72.

Insider Buying and Selling at Sezzle

In related news, Director Paul Paradis sold 4,026 shares of Sezzle stock in a transaction dated 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 completion of the sale, the director now directly owns 68,846 shares in the company, valued at approximately $27,538,400. This trade represents a 5.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul Martin Purcell sold 1,280 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $376.26, for a total transaction of $481,612.80. Following the transaction, the director now directly owns 81,496 shares of the company’s stock, valued at $30,663,684.96. The trade was a 1.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,707 shares of company stock worth $3,799,062. 57.65% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sezzle

Hedge funds and other institutional investors have recently made changes to their positions in the business. Modus Advisors LLC purchased a new stake in Sezzle during the fourth quarter valued at approximately $80,000. JPMorgan Chase & Co. grew its position in shares of Sezzle by 295.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,979 shares of the company’s stock valued at $679,000 after acquiring an additional 2,974 shares during the period. Principal Financial Group Inc. purchased a new stake in shares of Sezzle in the 3rd quarter worth $548,000. Wilmington Savings Fund Society FSB bought a new position in Sezzle in the 3rd quarter worth $188,000. Finally, Virtu Financial LLC bought a new position in Sezzle in the 3rd quarter worth $276,000. Hedge funds and other institutional investors own 2.02% of the company’s stock.

About Sezzle

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.