Sezzle Inc. (NASDAQ:SEZL) COO Amin Sabzivand Sells 1,528 Shares

Sezzle Inc. (NASDAQ:SEZL) COO Amin Sabzivand sold 1,528 shares of the business’s stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $141.55, for a total value of $216,288.40. Following the completion of the transaction, the chief operating officer now directly owns 244,074 shares of the company’s stock, valued at approximately $34,548,674.70. This trade represents a 0.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Amin Sabzivand also recently made the following trade(s):

• On Friday, June 6th, Amin Sabzivand sold 1,684 shares of Sezzle stock. The shares were sold at an average price of $124.67, for a total value of $209,944.28.
• On Tuesday, May 27th, Amin Sabzivand sold 9,854 shares of Sezzle stock. The shares were sold at an average price of $107.73, for a total value of $1,061,571.42.
• On Friday, May 23rd, Amin Sabzivand sold 2,146 shares of Sezzle stock. The shares were sold at an average price of $106.79, for a total value of $229,171.34.
• On Tuesday, May 13th, Amin Sabzivand sold 9,000 shares of Sezzle stock. The stock was sold at an average price of $90.35, for a total value of $813,150.00.
• On Friday, May 9th, Amin Sabzivand sold 9,000 shares of Sezzle stock. The stock was sold at an average price of $81.86, for a total value of $736,740.00.

Sezzle Stock Performance

Shares of SEZL stock opened at $146.43 on Tuesday. The business’s 50 day simple moving average is $81.54 and its 200 day simple moving average is $56.91. Sezzle Inc. has a one year low of $11.67 and a one year high of $147.50. The stock has a market capitalization of $4.87 billion, a PE ratio of 15.58 and a beta of 9.06. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.40 and a quick ratio of 2.40.

Sezzle announced that its Board of Directors has approved a stock buyback plan on Monday, March 10th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several brokerages have commented on SEZL. B. Riley reissued a “buy” rating and set a $62.83 target price (up previously from $62.00) on shares of Sezzle in a research note on Wednesday, February 26th. Wall Street Zen cut Sezzle from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 22nd. Finally, Oppenheimer initiated coverage on Sezzle in a report on Thursday, June 12th. They set an “outperform” rating and a $168.00 price target on the stock. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $96.94.

Institutional Trading of Sezzle

Several institutional investors have recently added to or reduced their stakes in SEZL. Rhumbline Advisers boosted its holdings in Sezzle by 1.8% in the fourth quarter. Rhumbline Advisers now owns 2,556 shares of the company’s stock valued at $654,000 after acquiring an additional 45 shares during the last quarter. Principal Securities Inc. bought a new position in shares of Sezzle during the 4th quarter worth approximately $84,000. Principal Financial Group Inc. boosted its holdings in shares of Sezzle by 11.6% during the 4th quarter. Principal Financial Group Inc. now owns 3,588 shares of the company’s stock worth $918,000 after buying an additional 373 shares in the last quarter. Navellier & Associates Inc. boosted its holdings in shares of Sezzle by 21.5% during the 4th quarter. Navellier & Associates Inc. now owns 8,667 shares of the company’s stock worth $2,217,000 after buying an additional 1,531 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Sezzle by 28.0% during the 4th quarter. Bank of New York Mellon Corp now owns 6,304 shares of the company’s stock worth $1,613,000 after buying an additional 1,378 shares in the last quarter. 2.02% of the stock is currently owned by 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.