Sezzle (NASDAQ:SEZL) Stock Price Down 6.8% – What’s Next?

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

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. B. Riley increased 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 target price on Sezzle from $185.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th.

Sezzle Trading Down 7.4 %

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

Insider Buying and Selling

In related news, COO Amin Sabzivand sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $147.10, for a total transaction of $220,650.00. Following the transaction, the chief operating officer now owns 51,748 shares of the company’s stock, valued at approximately $7,612,130.80. This represents a 2.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kyle M. Brehm bought 106 shares of the stock in a transaction on Wednesday, November 20th. The stock was purchased at an average cost of $402.00 per share, with a total value of $42,612.00. Following the completion of the purchase, the director now directly owns 3,608 shares in the company, valued at $1,450,416. This trade represents a 3.03 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 90,597 shares of company stock worth $14,724,538 in the last ninety days. Insiders own 57.65% of the company’s stock.

Hedge Funds Weigh In On Sezzle

Institutional investors have recently added to or reduced their stakes in the business. Covestor Ltd purchased a new stake in shares of Sezzle during the 3rd quarter valued at $38,000. SG Americas Securities LLC acquired a new position in Sezzle in the third quarter valued at $165,000. Wilmington Savings Fund Society FSB purchased a new stake in Sezzle during the third quarter valued at about $188,000. Rhumbline Advisers acquired a new stake in Sezzle during the second quarter worth about $203,000. Finally, MetLife Investment Management LLC raised its holdings in shares of Sezzle by 129.2% in the 3rd quarter. MetLife Investment Management LLC now owns 1,446 shares of the company’s stock worth $247,000 after purchasing an additional 815 shares during the period. 2.02% of the stock is currently owned by institutional investors and hedge funds.

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.