Sezzle (NASDAQ:SEZL) trading down 6.9% on domestic sales

Sezzle Inc. (NASDAQ:SEZL – Get Your Free Report ) traded down 6.9% during trading on Friday, following domestic selling activity. The stock traded as high as $128.50 and last traded at $128.65. 26,765 shares were traded during the session, down 68% from the session’s average volume of 83,541 shares. Shares previously closed at $138.23.

Specifically, Director Paul Martin Purcell sold 5,712 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $135.51, for a total transaction of $774,033.12. Following the transaction, the director now directly owns 160,708 shares in the company, valued at $21,777,541.08. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Also, Director Paul Martin Purcell sold 6,512 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $130.98, for a total transaction of $852,941.76. Following the transaction, the director now owns 177,346 shares in the company, valued at $23,228,779.08. The disclosure for this sale can be found here. In other Sezzle news, Director Paul Martin Purcell sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $134.22, for a total value of $1,342,200.00. Following the completion of the sale, the director now directly owns 183,858 shares in the company, valued at $24,677,420.76. The sale was disclosed in a legal filing with the SEC, which is available via this hyperlink.

The Wall Street analyst weighs in

SEZL has been the subject of several recent analyst reports. B. Riley upped their price target on shares of Sezzle from $132.00 to $163.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Northland Capmk upgraded shares of Sezzle to a “strong-buy” rating in a research note on Tuesday, July 9th. Finally, Northland Securities restated an “outperform” rating and issued a $150.00 target price (up from $119.00) on shares of Sezzle in a research note on Thursday, August 29th .

See our latest analysis on SEZL

Sezzle stock down 8.4%

The stock has a market cap of $709.35 million and a PE ratio of 55.56. The company has a debt-to-equity ratio of 1.37, a current ratio of 2.07, and a quick ratio of 2.07. The company’s fifty day moving average price is $103.54 and its two hundred day moving average price is $79.98.

Sezzle (NASDAQ:SEZL – Get Your Free Report ) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $1.33. The company had revenue of $55.97 million for the quarter, compared to analyst estimates of $43.35 million. Sezzle had a net margin of 21.77% and a return on equity of 84.38%. On average, equities research analysts forecast that Sezzle Inc. will post 6.71 EPS for the current fiscal year.

Institutional investors are stepping in on Sezzle

A number of large investors have recently made changes to their positions in the stock. Divisadero Street Capital Management LP purchased a new stake in shares of Sezzle during the second quarter valued at $356,000. XTX Topco Ltd acquired a new position in Sezzle in the second quarter valued at $544,000. Rhumbline Advisers purchased a new position in Sezzle in the second quarter valued at $203,000. Bank of New York Mellon Corp purchased a new position in Sezzle in the second quarter valued at $611,000. Finally, Vanguard Group Inc. purchased a new position in Sezzle in the first quarter valued at $13,369,000. 2.02% of the shares are held by hedge funds and other institutional investors.

About Sezzle

(Get a free report)

Sezzle Inc operates as a technology-based payments company primarily in the United States and Canada. The company offers in-store and online retail payment solutions; and through proprietary payment solution that connects consumers with merchants. It also offers the Sezzle Platform which provides a consumer payment solution that extends credit at the point of sale, allowing consumers to purchase and receive merchandise ordered at the point 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 for a total of six weeks; Pay-in-Full that allows consumers to pay in advance the entire value of the order through the Sezzle Platform, without credit extension; and Pay-in-Two and other alternative installment options, which allow the consumer to pay half of their order up front and the second half in two weeks.

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