Swiss National Bank Invests $1.41 Million in Sezzle Inc. (NASDAQ:SEZL)

Swiss National Bank purchased a new stake in Sezzle Inc. (NASDAQ:SEZL - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,500 shares of the company's stock, valued at approximately $1,407,000. Swiss National Bank owned about 0.10% of Sezzle as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. State Street Corp increased its holdings in Sezzle by 3.5% in the 3rd quarter. State Street Corp now owns 49,362 shares of the company's stock worth $8,421,000 after purchasing an additional 1,683 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Sezzle by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,697 shares of the company's stock valued at $5,294,000 after buying an additional 334 shares during the period. Calamos Advisors LLC bought a new position in Sezzle in the 4th quarter valued at approximately $2,423,000. Navellier & Associates Inc. raised its holdings in Sezzle by 21.5% in the 4th quarter. Navellier & Associates Inc. now owns 8,667 shares of the company's stock valued at $2,217,000 after buying an additional 1,531 shares during the last quarter. Finally, Independent Advisor Alliance acquired a new stake in Sezzle during the 4th quarter worth approximately $1,872,000. Institutional investors and hedge funds own 2.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. B. Riley reaffirmed a "buy" rating and set a $62.83 price target (up previously from $62.00) on shares of Sezzle in a research note on Wednesday, February 26th. Northland Securities raised their target price on Sezzle from $50.00 to $60.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th.

Insiders Place Their Bets

In related news, CFO Karen Hartje sold 20,742 shares of the company's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $52.72, for a total transaction of $1,093,518.24. Following the sale, the chief financial officer now owns 210,726 shares in the company, valued at $11,109,474.72. This represents a 8.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 57.65% of the company's stock.

Sezzle Trading Up 2.3 %

SEZL stock traded up $0.85 during trading on Wednesday, hitting $37.19. The company had a trading volume of 547,536 shares, compared to its average volume of 704,122. The stock has a market cap of $209.83 million, a PE ratio of 3.96 and a beta of 9.09. The business has a 50-day moving average of $42.69 and a 200-day moving average of $43.56. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54. Sezzle Inc. has a one year low of $6.73 and a one year high of $79.59.

Sezzle (NASDAQ:SEZL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.22. Sezzle had a net margin of 25.29% and a return on equity of 101.18%. The company had revenue of $271.13 billion for the quarter, compared to analyst estimates of $73.90 million. Research analysts predict that Sezzle Inc. will post 9.77 earnings per share for the current fiscal year.

Sezzle declared that its board has initiated a share repurchase program on Monday, March 10th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 4.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

Sezzle Profile

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.