Insider Selling: Sezzle Inc. (NASDAQ:SEZL) COO Sells 9,000 Shares of Stock

Sezzle Inc. (NASDAQ:SEZL) COO Amin Sabzivand sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $90.35, for a total value of $813,150.00. Following the completion of the transaction, the chief operating officer now owns 268,074 shares of the company’s stock, valued at approximately $24,220,485.90. This represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Amin Sabzivand also recently made the following trade(s):

• On Friday, May 9th, Amin Sabzivand sold 9,000 shares of Sezzle stock. The shares were sold at an average price of $81.86, for a total value of $736,740.00.

Sezzle Stock Up 4.1%

Sezzle stock opened at $93.79 on Friday. Sezzle Inc. has a fifty-two week low of $10.76 and a fifty-two week high of $95.53. The firm has a market capitalization of $3.12 billion, a PE ratio of 9.98 and a beta of 8.41. The company’s 50-day moving average is $47.72 and its 200-day moving average is $48.69. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.40 and a quick ratio of 2.40.

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

Sezzle declared that its board has authorized a share 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 management believes its shares are undervalued.

Institutional Investors Weigh In On Sezzle

A number of large investors have recently added to or reduced their stakes in the business. Plato Investment Management Ltd bought a new position in Sezzle during the fourth quarter worth $30,000. Meeder Asset Management Inc. bought a new stake in shares of Sezzle during the 4th quarter worth about $31,000. CWM LLC grew its stake in Sezzle by 49,400.0% in the 1st quarter. CWM LLC now owns 990 shares of the company’s stock valued at $35,000 after buying an additional 988 shares during the last quarter. Federated Hermes Inc. raised its holdings in Sezzle by 3,575.0% in the 4th quarter. Federated Hermes Inc. now owns 147 shares of the company’s stock valued at $38,000 after acquiring an additional 143 shares during the period. Finally, US Bancorp DE lifted its position in Sezzle by 465.6% during the first quarter. US Bancorp DE now owns 1,578 shares of the company’s stock worth $55,000 after acquiring an additional 1,299 shares during the last quarter. Institutional investors own 2.02% of the company’s stock.

Analyst Ratings Changes

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

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.