Sezzle Inc. (NASDAQ:SEZL) Director Paul Paradis Sells 18,000 Shares of Stock

Sezzle Inc. (NASDAQ:SEZL) Director Paul Paradis sold 18,000 shares of the company’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $75.00, for a total value of $1,350,000.00. Following the completion of the transaction, the director now directly owns 315,000 shares of the company’s stock, valued at approximately $23,625,000. This represents a 5.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Sezzle Stock Performance

NASDAQ SEZL opened at $74.77 on Friday. 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 $2.54 billion, a PE ratio of 7.95 and a beta of 8.41. Sezzle Inc. has a 52-week low of $10.46 and a 52-week high of $81.83. The company has a 50-day simple moving average of $41.63 and a 200 day simple moving average of $46.33.

Sezzle (NASDAQ:SEZL) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.22. Sezzle had a net margin of 25.29% and a return on equity of 101.18%. The company had revenue of $271.13 billion for the quarter, compared to analysts’ expectations of $73.90 million. On average, research analysts predict that Sezzle Inc. will post 9.77 EPS for the current year.

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

Institutional Investors Weigh In On Sezzle

Several institutional investors have recently added to or reduced their stakes in SEZL. Plato Investment Management Ltd bought a new stake in shares of Sezzle in the fourth quarter valued at approximately $30,000. Meeder Asset Management Inc. bought a new position in Sezzle in the 4th quarter worth approximately $31,000. Federated Hermes Inc. grew its stake in Sezzle by 3,575.0% in the 4th quarter. Federated Hermes Inc. now owns 147 shares of the company’s stock valued at $38,000 after buying an additional 143 shares in the last quarter. Principal Securities Inc. bought a new stake in Sezzle during the 4th quarter valued at $84,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Sezzle by 94.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 407 shares of the company’s stock worth $104,000 after acquiring an additional 198 shares in the last quarter. 2.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, B. Riley restated 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.