Sezzle (NASDAQ:SEZL) Shares Gap Down on Insider Selling

Sezzle Inc. (NASDAQ:SEZL)’s stock price gapped down before the market opened on Tuesday after an insider sold shares in the company. The stock had previously closed at $132.16, but opened at $120.86. Sezzle shares last traded at $117.50, with a volume of 759,917 shares changing hands.

Specifically, COO Amin Sabzivand sold 1,684 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $124.67, for a total value of $209,944.28. Following the sale, the chief operating officer now owns 244,074 shares in the company, valued at approximately $30,428,705.58. This trade represents a 0.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Analysts Set New Price Targets

Several equities research analysts have commented on SEZL shares. Wall Street Zen lowered shares of Sezzle from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 22nd. B. Riley restated a “buy” rating and issued a $62.83 price target (up previously from $62.00) on shares of Sezzle in a research note on Wednesday, February 26th.

Sezzle Stock Up 6.8%

The firm’s fifty day moving average price is $74.97 and its 200-day moving average price is $55.70. 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 firm has a market capitalization of $4.37 billion, a P/E ratio of 13.96 and a beta of 9.06.

Sezzle declared that its board has initiated a stock repurchase plan on Monday, March 10th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Plato Investment Management Ltd bought a new position in shares of Sezzle in the fourth quarter valued at approximately $30,000. Meeder Asset Management Inc. acquired a new position in Sezzle in the fourth quarter worth approximately $31,000. Federated Hermes Inc. grew its position in Sezzle by 3,575.0% in the fourth quarter. Federated Hermes Inc. now owns 147 shares of the company’s stock worth $38,000 after buying an additional 143 shares during the last quarter. Principal Securities Inc. acquired a new position in Sezzle in the fourth quarter worth approximately $84,000. Finally, Tower Research Capital LLC TRC grew its position in Sezzle by 94.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 407 shares of the company’s stock worth $104,000 after buying an additional 198 shares during the last quarter. 2.02% of the stock is currently owned by institutional investors.

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.