Insider Selling: Sezzle (NASDAQ:SEZL) CFO Sells $466,140.00 in Stock

Sezzle Inc. (NASDAQ:SEZL) CFO Karen Hartje sold 5,484 shares of Sezzle stock in a transaction on Monday, October 6th. The shares were sold at an average price of $85.00, for a total transaction of $466,140.00. Following the completion of the transaction, the chief financial officer directly owned 116,053 shares of the company’s stock, valued at $9,864,505. The trade was a 4.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Sezzle Stock Down 5.3%

SEZL opened at $77.35 on Friday. Sezzle Inc. has a fifty-two week low of $24.86 and a fifty-two week high of $186.74. The company has a debt-to-equity ratio of 1.00, a quick ratio of 3.51 and a current ratio of 3.51. The company has a fifty day moving average of $92.96 and a two-hundred day moving average of $98.44. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 26.50 and a beta of 8.70.

Sezzle (NASDAQ:SEZL) last announced its earnings results on Tuesday, November 19th. The company reported $0.21 earnings per share (EPS) for the quarter. The business had revenue of $40.84 million for the quarter. Sezzle had a net margin of 28.13% and a return on equity of 102.90%. On average, research analysts expect that Sezzle Inc. will post 9.77 earnings per share for the current year.

Institutional Investors Weigh In On Sezzle

Hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp grew its holdings in shares of Sezzle by 518.0% in the first quarter. Bank of New York Mellon Corp now owns 38,960 shares of the company’s stock valued at $1,359,000 after purchasing an additional 32,656 shares during the period. Rhumbline Advisers grew its holdings in shares of Sezzle by 649.1% in the first quarter. Rhumbline Advisers now owns 19,146 shares of the company’s stock valued at $668,000 after purchasing an additional 16,590 shares during the period. Allianz Asset Management GmbH grew its holdings in shares of Sezzle by 937.0% in the first quarter. Allianz Asset Management GmbH now owns 15,420 shares of the company’s stock valued at $538,000 after purchasing an additional 13,933 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Sezzle in the first quarter valued at about $747,000. Finally, Corebridge Financial Inc. grew its holdings in shares of Sezzle by 490.7% in the first quarter. Corebridge Financial Inc. now owns 6,834 shares of the company’s stock valued at $238,000 after purchasing an additional 5,677 shares during the period. Hedge funds and other institutional investors own 2.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Wall Street Zen cut shares of Sezzle from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. TD Cowen assumed coverage on shares of Sezzle in a research note on Thursday, September 11th. They set a “hold” rating and a $82.00 target price for the company. Oppenheimer boosted their target price on shares of Sezzle from $168.00 to $202.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. B. Riley boosted their target price on shares of Sezzle from $101.00 to $111.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Finally, Cowen began coverage on shares of Sezzle in a research note on Thursday, September 11th. They issued a “hold” rating on the stock. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $113.75.

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.