Sezzle (NASDAQ:SEZL) Shares Down 5.8% – What’s Next?

Sezzle Inc. (NASDAQ:SEZL)’s stock price dropped 5.8% during trading on Tuesday . The stock traded as low as $260.00 and last traded at $260.00. Approximately 18,590 shares traded hands during trading, a decline of 83% from the average daily volume of 110,612 shares. The stock had previously closed at $276.05.

Wall Street Analyst Weigh In

Several brokerages recently commented on SEZL. B. Riley reiterated a “buy” rating and set a $372.00 price target (up from $353.00) on shares of Sezzle in a research report on Thursday, December 19th. Northland Securities increased their price target on Sezzle from $300.00 to $360.00 and gave the company an “outperform” rating in a report on Thursday, December 19th.

Sezzle Trading Down 6.8 %

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 50-day moving average is $323.81 and its 200-day moving average is $197.80. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 27.37 and a beta of 9.72.

Insider Activity

In related news, Director Paul Paradis sold 4,026 shares of Sezzle stock in a transaction that occurred on Monday, November 18th. The shares were 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Amin Sabzivand sold 1,500 shares of the company’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $187.00, for a total value of $280,500.00. Following the transaction, the chief operating officer now owns 48,360 shares in the company, valued at $9,043,320. This trade represents a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,707 shares of company stock valued at $3,799,062. 57.65% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sezzle

Institutional investors have recently bought and sold shares of the company. Modus Advisors LLC purchased a new position in Sezzle in the fourth quarter valued at $80,000. JPMorgan Chase & Co. raised its holdings in Sezzle by 295.9% during the third quarter. JPMorgan Chase & Co. now owns 3,979 shares of the company’s stock worth $679,000 after purchasing an additional 2,974 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Sezzle during the 3rd quarter worth approximately $548,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Sezzle in the 3rd quarter valued at $188,000. Finally, Virtu Financial LLC purchased a new position in shares of Sezzle in the 3rd quarter valued at $276,000. 2.02% of the stock is owned by institutional investors and hedge funds.

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.