Navellier & Associates Inc. Makes New Investment in Sezzle Inc. (NASDAQ:SEZL)

Navellier & Associates Inc. bought a new stake in Sezzle Inc. (NASDAQ:SEZL - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,136 shares of the company's stock, valued at approximately $1,217,000. Navellier & Associates Inc. owned approximately 0.13% of Sezzle at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Covestor Ltd acquired a new stake in Sezzle in the third quarter valued at approximately $38,000. SG Americas Securities LLC bought a new position in shares of Sezzle during the third quarter valued at $165,000. OmniStar Financial Group Inc. bought a new position in shares of Sezzle during the third quarter valued at $354,000. Creative Planning bought a new position in shares of Sezzle during the third quarter valued at $383,000. Finally, Rhumbline Advisers bought a new position in shares of Sezzle during the second quarter valued at $203,000. Institutional investors and hedge funds own 2.02% of the company's stock.

Sezzle Trading Up 4.0 %

NASDAQ SEZL traded up $17.93 during mid-day trading on Friday, reaching $463.98. 113,430 shares of the stock were exchanged, compared to its average volume of 89,357. Sezzle Inc. has a one year low of $9.75 and a one year high of $477.52. The stock has a 50 day simple moving average of $235.54 and a 200-day simple moving average of $143.33. The stock has a market cap of $2.60 billion, a P/E ratio of 49.36 and a beta of 8.49. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.40 and a quick ratio of 2.40.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. B. Riley raised their price target on shares of Sezzle from $132.00 to $163.00 and gave the company a "buy" rating in a research note on Friday, August 23rd. Northland Securities raised their price target on shares of Sezzle from $185.00 to $300.00 and gave the company an "outperform" rating in a research note on Friday, November 8th.

Insider Buying and Selling

In other Sezzle news, SVP Justin Krause sold 1,500 shares of the firm's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $138.00, for a total value of $207,000.00. Following the completion of the sale, the senior vice president now directly owns 16,533 shares in the company, valued at approximately $2,281,554. This trade represents a 8.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul Martin Purcell sold 500 shares of the firm's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $127.12, for a total transaction of $63,560.00. Following the completion of the sale, the director now owns 208,738 shares of the company's stock, valued at $26,534,774.56. The trade was a 0.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 91,097 shares of company stock valued at $14,788,098 over the last quarter. Insiders own 57.65% of the company's stock.

Sezzle Company 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.