Sezzle (NASDAQ:SEZL) Trading Down 4.6% – Should You Sell?

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. B. Riley restated a “buy” rating and set a $372.00 price objective (up previously from $353.00) on shares of Sezzle in a report on Thursday, December 19th. Northland Securities upped their target price on shares of Sezzle from $300.00 to $360.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th.

Sezzle Stock Performance

The company’s 50 day simple moving average is $288.75 and its 200 day simple moving average is $216.16. The stock has a market cap of $1.31 billion, a PE ratio of 24.89 and a beta of 9.72. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.40 and a current ratio of 2.40.

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

Insider Activity at Sezzle

In other Sezzle news, CFO Karen Hartje sold 3,457 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $316.32, for a total value of $1,093,518.24. Following the sale, the chief financial officer now directly owns 35,121 shares in the company, valued at $11,109,474.72. The trade was a 8.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul Paradis sold 4,026 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $400.00, for a total value of $1,610,400.00. Following the transaction, the director now owns 68,846 shares of the company’s stock, valued at $27,538,400. The trade was a 5.52 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,164 shares of company stock worth $4,303,725. 57.65% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sezzle

Several large investors have recently modified their holdings of the business. State Street Corp grew its stake in Sezzle by 3.5% in the 3rd quarter. State Street Corp now owns 49,362 shares of the company’s stock valued at $8,421,000 after buying an additional 1,683 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Sezzle by 191.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 20,363 shares of the company’s stock worth $3,474,000 after acquiring an additional 13,383 shares during the period. Calamos Advisors LLC purchased a new position in shares of Sezzle in the fourth quarter valued at $2,423,000. Navellier & Associates Inc. bought a new stake in shares of Sezzle during the 3rd quarter valued at $1,217,000. Finally, Barclays PLC lifted its holdings in Sezzle by 125.4% during the 3rd quarter. Barclays PLC now owns 4,515 shares of the company’s stock worth $771,000 after purchasing an additional 2,512 shares in the last quarter. Hedge funds and other institutional investors own 2.02% of the company’s stock.

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.