Sezzle (NASDAQ:SEZL) Shares Gap Down – What’s Next?

Sezzle Inc. (NASDAQ:SEZL) shares gapped down before the market opened on Monday . The stock had previously closed at $228.63, but opened at $217.08. Sezzle shares last traded at $215.00, with a volume of 12,464 shares changing hands.

Wall Street Analysts Forecast Growth

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

Sezzle Stock Down 4.7 %

The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54. The company’s fifty day moving average is $325.92 and its 200-day moving average is $202.41. The company has a market cap of $1.22 billion, a PE ratio of 23.19 and a beta of 9.72.

Insider Buying and Selling

In other news, Director Paul Martin Purcell sold 1,280 shares of Sezzle stock in a transaction on Friday, November 15th. The shares were sold at an average price of $376.26, for a total transaction of $481,612.80. Following the transaction, the director now owns 81,496 shares in the company, valued at $30,663,684.96. This trade represents a 1.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Amin Sabzivand sold 1,500 shares of Sezzle stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $205.57, for a total transaction of $308,355.00. Following the transaction, the chief operating officer now owns 46,860 shares in the company, valued at $9,633,010.20. This represents a 3.10 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,207 shares of company stock worth $3,518,562. 57.65% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Covestor Ltd purchased a new position in shares of Sezzle during the 3rd quarter worth $38,000. Modus Advisors LLC purchased a new position in shares of Sezzle during the 4th quarter valued at $80,000. SG Americas Securities LLC purchased a new position in shares of Sezzle during the 3rd quarter valued at $165,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Sezzle during the 3rd quarter valued at $188,000. Finally, Rhumbline Advisers purchased a new position in shares of Sezzle during the 2nd quarter valued at $203,000. 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.