Insider Selling: Sezzle Inc. (NASDAQ:SEZL) Director Sells $1,610,400.00 in Stock

Sezzle Inc. (NASDAQ:SEZL) Director Paul Paradis sold 4,026 shares of the company’s 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 completion of the sale, the director now owns 68,846 shares of the company’s stock, valued at $27,538,400. This represents a 5.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Sezzle Price Performance

Shares of SEZL opened at $446.86 on Friday. The company has a 50 day moving average of $229.26 and a two-hundred day moving average of $140.46. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 47.54 and a beta of 8.49. 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 Inc. has a twelve month low of $9.75 and a twelve month high of $461.15.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SEZL shares. Northland Securities upped their price objective on shares of Sezzle from $185.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. B. Riley lifted their target price on Sezzle from $132.00 to $163.00 and gave the company a “buy” rating in a research note on Friday, August 23rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Covestor Ltd purchased a new stake in Sezzle in the third quarter valued at about $38,000. SG Americas Securities LLC acquired a new position in shares of Sezzle during the third quarter valued at about $165,000. Rhumbline Advisers purchased a new position in shares of Sezzle in the 2nd quarter valued at approximately $203,000. MetLife Investment Management LLC boosted its stake in Sezzle by 129.2% in the 3rd quarter. MetLife Investment Management LLC now owns 1,446 shares of the company’s stock worth $247,000 after purchasing an additional 815 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new stake in Sezzle in the 3rd quarter worth approximately $274,000. 2.02% of the stock is currently owned by hedge funds and other institutional investors.

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.