Sezzle (NASDAQ:SEZL) Shares Down 6.3% – Here’s What Happened

Sezzle Inc. (NASDAQ:SEZL) shares traded down 6.3% during mid-day trading on Tuesday . The company traded as low as $258.12 and last traded at $260.05. 53,734 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 123,707 shares. The stock had previously closed at $277.54.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Northland Securities increased their target price on Sezzle from $300.00 to $360.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. B. Riley reissued a “buy” rating and issued a $372.00 price target (up from $353.00) on shares of Sezzle in a research report on Thursday, December 19th.

Sezzle Price Performance

The stock has a 50 day moving average price of $267.98 and a two-hundred day moving average price of $224.85. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.40 and a current ratio of 2.40. The company has a market capitalization of $1.50 billion, a PE ratio of 28.43 and a beta of 9.56.

Insider Activity at Sezzle

In other Sezzle news, Director Paul Paradis sold 4,026 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $400.00, for a total value of $1,610,400.00. Following the transaction, the director now owns 68,846 shares of the company’s stock, valued at approximately $27,538,400. The trade was a 5.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Karen Hartje sold 3,457 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $316.32, for a total transaction of $1,093,518.24. Following the transaction, the chief financial officer now owns 35,121 shares in the company, valued at approximately $11,109,474.72. This trade represents a 8.96 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,164 shares of company stock valued at $4,303,725. Corporate insiders own 57.65% of the company’s stock.

Hedge Funds Weigh In On Sezzle

Several large investors have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new position in shares of Sezzle in the 4th quarter valued at $174,000. Teacher Retirement System of Texas acquired a new position in Sezzle in the fourth quarter valued at about $207,000. Swiss National Bank acquired a new position in Sezzle in the fourth quarter valued at about $1,407,000. Prosperity Wealth Management Inc. acquired a new stake in shares of Sezzle in the 4th quarter valued at approximately $290,000. Finally, Independent Advisor Alliance acquired a new stake in shares of Sezzle in the 4th quarter valued at approximately $1,872,000. Institutional investors and hedge funds own 2.02% of the company’s stock.

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.