Insider Selling: Sezzle Inc. (NASDAQ:SEZL) Director Sells 1,800 Shares of Stock

Sezzle Inc. (NASDAQ:SEZL) Director Paul Martin Purcell sold 1,800 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $165.35, for a total transaction of $297,630.00. Following the completion of the transaction, the director now owns 117,450 shares of the company’s stock, valued at approximately $19,420,357.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Paul Martin Purcell also recently made the following trade(s):

• On Thursday, September 19th, Paul Martin Purcell sold 6,618 shares of Sezzle stock. The shares were sold at an average price of $157.87, for a total value of $1,044,783.66.
• On Friday, September 13th, Paul Martin Purcell sold 5,000 shares of Sezzle stock. The shares were sold at an average price of $149.92, for a total value of $749,600.00.
• On Wednesday, September 11th, Paul Martin Purcell sold 10,000 shares of Sezzle stock. The shares were sold at an average price of $134.32, for a total value of $1,343,200.00.
• On Monday, September 9th, Paul Martin Purcell sold 8,400 shares of Sezzle stock. The shares were sold at an average price of $131.40, for a total transaction of $1,103,760.00.
• On Thursday, September 5th, Paul Martin Purcell sold 5,712 shares of Sezzle stock. The stock was sold at an average price of $135.51, for a total transaction of $774,033.12.
• On Tuesday, September 3rd, Paul Martin Purcell sold 6,512 shares of Sezzle stock. The stock was sold at an average price of $130.98, for a total value of $852,941.76.
• On Friday, August 30th, Paul Martin Purcell sold 10,000 shares of Sezzle stock. The shares were sold at an average price of $134.22, for a total value of $1,342,200.00.
• On Wednesday, August 28th, Paul Martin Purcell sold 3,808 shares of Sezzle stock. The stock was sold at an average price of $130.42, for a total value of $496,639.36.
• On Monday, August 26th, Paul Martin Purcell sold 500 shares of Sezzle stock. The shares were sold at an average price of $127.12, for a total value of $63,560.00.
• On Friday, August 23rd, Paul Martin Purcell sold 8,731 shares of Sezzle stock. The shares were sold at an average price of $129.43, for a total transaction of $1,130,053.33.

Sezzle Stock Up 7.0 %

SEZL traded up $11.49 during trading hours on Tuesday, hitting $175.50. 44,764 shares of the company’s stock were exchanged, compared to its average volume of 83,777. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 1.37. Sezzle Inc. has a 12-month low of $7.15 and a 12-month high of $175.50. The firm has a market cap of $993.15 million and a P/E ratio of 76.45. The firm has a 50 day moving average of $116.97 and a 200 day moving average of $87.85.

Sezzle (NASDAQ:SEZL) last released its earnings results on Wednesday, August 7th. The company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $1.33. Sezzle had a return on equity of 84.38% and a net margin of 21.77%. The firm had revenue of $55.97 million during the quarter, compared to analyst estimates of $43.35 million. Analysts predict that Sezzle Inc. will post 6.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SEZL shares. Northland Capmk upgraded Sezzle to a “strong-buy” rating in a report on Tuesday, July 9th. Northland Securities restated an “outperform” rating and issued a $185.00 target price (up previously from $150.00) on shares of Sezzle in a research report on Monday. Finally, B. Riley increased their target price on shares of Sezzle from $132.00 to $163.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd.

Hedge Funds Weigh In On Sezzle

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers acquired a new position in Sezzle during the 2nd quarter worth approximately $203,000. Divisadero Street Capital Management LP purchased a new stake in shares of Sezzle during the 2nd quarter worth $356,000. XTX Topco Ltd purchased a new position in Sezzle in the second quarter valued at $544,000. Bank of New York Mellon Corp acquired a new stake in Sezzle in the second quarter valued at $611,000. Finally, Vanguard Group Inc. purchased a new stake in Sezzle during the 1st quarter worth about $13,369,000. 2.02% of the stock is owned by institutional investors and hedge funds.

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.