Amin Sabzivand Sells 2,146 Shares of Sezzle Inc. (NASDAQ:SEZL) Stock

Sezzle Inc. (NASDAQ:SEZL) COO Amin Sabzivand sold 2,146 shares of the company’s stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $106.79, for a total value of $229,171.34. Following the completion of the sale, the chief operating officer now owns 253,928 shares of the company’s stock, valued at $27,116,971.12. This trade represents a 0.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Amin Sabzivand also recently made the following trade(s):

• On Tuesday, May 13th, Amin Sabzivand sold 9,000 shares of Sezzle stock. The stock was sold at an average price of $90.35, for a total value of $813,150.00.
• On Friday, May 9th, Amin Sabzivand sold 9,000 shares of Sezzle stock. The shares were sold at an average price of $81.86, for a total value of $736,740.00.

Sezzle Price Performance

SEZL stock opened at $105.31 on Friday. The business has a 50 day moving average price of $54.00 and a 200 day moving average price of $50.95. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 11.20 and a beta of 8.41. Sezzle Inc. has a fifty-two week low of $11.20 and a fifty-two week high of $107.01. 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 Tuesday, February 25th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.22. The firm had revenue of $271.13 billion during the quarter, compared to analysts’ expectations of $73.90 million. Sezzle had a return on equity of 101.18% and a net margin of 25.29%. Equities research analysts anticipate that Sezzle Inc. will post 9.77 earnings per share for the current fiscal year.

Sezzle announced that its board has authorized a stock repurchase program on Monday, March 10th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the company to reacquire up to 4.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Sezzle

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Sezzle by 497.6% during the first quarter. Vanguard Group Inc. now owns 1,013,698 shares of the company’s stock worth $35,368,000 after purchasing an additional 844,084 shares during the last quarter. Driehaus Capital Management LLC lifted its stake in Sezzle by 497.8% in the first quarter. Driehaus Capital Management LLC now owns 327,276 shares of the company’s stock valued at $11,419,000 after buying an additional 272,530 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Sezzle by 719.1% in the first quarter. Acadian Asset Management LLC now owns 173,310 shares of the company’s stock valued at $6,040,000 after buying an additional 152,152 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Sezzle by 1,068.2% in the first quarter. Goldman Sachs Group Inc. now owns 169,487 shares of the company’s stock valued at $5,913,000 after buying an additional 154,978 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in Sezzle by 429.0% in the first quarter. Royal Bank of Canada now owns 132,361 shares of the company’s stock valued at $4,618,000 after buying an additional 107,340 shares during the last quarter. Hedge funds and other institutional investors own 2.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wall Street Zen cut Sezzle from a “strong-buy” rating to a “buy” rating in a research note on Thursday. B. Riley reiterated a “buy” rating and issued a $62.83 price objective (up previously from $62.00) on shares of Sezzle in a research note on Wednesday, February 26th.

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.