Insider Selling: Sezzle Inc. (NASDAQ:SEZL) Director Sells 18,000 Shares of Stock

Sezzle Inc. (NASDAQ:SEZL) Director Paul Paradis sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $75.00, for a total transaction of $1,350,000.00. Following the sale, the director now owns 315,000 shares in the company, valued at $23,625,000. This trade represents a 5.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Sezzle Stock Up 16.5 %

SEZL stock opened at $87.35 on Friday. 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 stock has a market capitalization of $2.97 billion, a P/E ratio of 9.29 and a beta of 8.41. Sezzle Inc. has a fifty-two week low of $10.69 and a fifty-two week high of $88.28. The business has a 50-day moving average of $42.50 and a 200-day moving average of $46.81.

Sezzle (NASDAQ:SEZL) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.22. The company had revenue of $271.13 billion during the quarter, compared to analysts’ expectations of $73.90 million. Sezzle had a net margin of 25.29% and a return on equity of 101.18%. On average, sell-side analysts anticipate that Sezzle Inc. will post 9.77 earnings per share for the current fiscal year.

Sezzle announced that its Board of Directors has approved a stock repurchase program on Monday, March 10th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 4.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Sezzle

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Sezzle by 497.6% during the first quarter. Vanguard Group Inc. now owns 1,013,698 shares of the company’s stock worth $35,368,000 after acquiring an additional 844,084 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Sezzle by 483.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 120,661 shares of the company’s stock worth $4,210,000 after purchasing an additional 99,964 shares in the last quarter. G2 Investment Partners Management LLC boosted its holdings in shares of Sezzle by 275.9% in the 4th quarter. G2 Investment Partners Management LLC now owns 102,192 shares of the company’s stock valued at $26,141,000 after buying an additional 75,007 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Sezzle by 792.3% in the fourth quarter. Marshall Wace LLP now owns 79,983 shares of the company’s stock valued at $20,460,000 after buying an additional 71,019 shares in the last quarter. Finally, Navellier & Associates Inc. increased its holdings in Sezzle by 381.4% during the first quarter. Navellier & Associates Inc. now owns 41,725 shares of the company’s stock worth $1,456,000 after buying an additional 33,058 shares during the last quarter. 2.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, B. Riley restated a “buy” rating and set a $62.83 price objective (up from $62.00) on shares of Sezzle in a report on Wednesday, February 26th.

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.