Sezzle (NASDAQ:SEZL) Trading Down 4.6% – Here’s What Happened

Shares of Sezzle Inc. (NASDAQ:SEZL) traded down 4.6% during mid-day trading on Thursday . The stock traded as low as $227.49 and last traded at $230.96. 65,747 shares changed hands during trading, a decline of 50% from the average session volume of 132,730 shares. The stock had previously closed at $242.06.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SEZL shares. Northland Securities lifted their price target on shares of Sezzle from $300.00 to $360.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. B. Riley reaffirmed a “buy” rating and set a $372.00 price target (up previously from $353.00) on shares of Sezzle in a research report on Thursday, December 19th.

Sezzle Trading Down 3.5 %

The firm’s 50-day moving average price is $297.62 and its 200-day moving average price is $215.00. The company has a market cap of $1.31 billion, a P/E ratio of 24.86 and a beta of 9.72. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54.

Sezzle (NASDAQ:SEZL) last posted its earnings results on Thursday, November 7th. The company reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $2.03. The firm had revenue of $69.96 million for the quarter, compared to the consensus estimate of $52.64 million. Sezzle had a return on equity of 101.18% and a net margin of 25.29%. During the same quarter in the prior year, the business posted $0.23 earnings per share. As a group, equities research analysts expect that Sezzle Inc. will post 9.85 earnings per share for the current fiscal year.

Insider Transactions at Sezzle

In other Sezzle news, CFO Karen Hartje sold 3,457 shares of Sezzle stock in a transaction that occurred on Thursday, January 16th. The shares were 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 directly owns 35,121 shares of the company’s stock, valued at approximately $11,109,474.72. This trade represents a 8.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul Paradis sold 4,026 shares of the business’s stock in a transaction dated 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 directly owns 68,846 shares of the company’s stock, valued at approximately $27,538,400. This trade represents a 5.52 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,164 shares of company stock valued at $4,303,725. 57.65% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sezzle

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Covestor Ltd purchased a new position in Sezzle during the 3rd quarter valued at $38,000. Modus Advisors LLC purchased a new position in shares of Sezzle during the fourth quarter valued at about $80,000. Principal Securities Inc. bought a new position in Sezzle in the fourth quarter worth about $84,000. SG Americas Securities LLC bought a new position in Sezzle in the third quarter worth about $165,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Sezzle in the third quarter worth about $188,000. Institutional investors own 2.02% of the company’s stock.

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.