Bank of New York Mellon Corp Acquires 1,378 Shares of Sezzle Inc. (NASDAQ:SEZL)

Bank of New York Mellon Corp increased its holdings in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) by 28.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,304 shares of the company's stock after acquiring an additional 1,378 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.11% of Sezzle worth $1,613,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Navellier & Associates Inc. raised its holdings in shares of Sezzle by 21.5% during the fourth 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. Principal Financial Group Inc. increased its position in Sezzle by 11.6% in the 4th quarter. Principal Financial Group Inc. now owns 3,588 shares of the company's stock valued at $918,000 after acquiring an additional 373 shares during the period. Principal Securities Inc. bought a new stake in Sezzle during the 4th quarter valued at $84,000. Rhumbline Advisers boosted its position in Sezzle by 1.8% during the 4th quarter. Rhumbline Advisers now owns 2,556 shares of the company's stock worth $654,000 after acquiring an additional 45 shares during the period. Finally, Calamos Advisors LLC bought a new position in shares of Sezzle in the fourth quarter worth $2,423,000. Institutional investors own 2.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Northland Securities raised their price objective on shares of Sezzle from $300.00 to $360.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. B. Riley restated a "buy" rating and issued a $377.00 price objective (up previously from $372.00) on shares of Sezzle in a report on Wednesday, February 26th.

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Sezzle Price Performance

Shares of SEZL traded down $2.42 during trading hours on Tuesday, hitting $250.49. 98,005 shares of the company were exchanged, compared to its average volume of 116,152. Sezzle Inc. has a one year low of $40.39 and a one year high of $477.53. The company has a market capitalization of $1.41 billion, a PE ratio of 26.65 and a beta of 9.09. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.40 and a quick ratio of 2.40. The firm has a fifty day simple moving average of $258.27 and a 200-day simple moving average of $258.86.

Sezzle (NASDAQ:SEZL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $4.39 EPS for the quarter, beating the consensus estimate of $3.08 by $1.31. Sezzle had a net margin of 25.29% and a return on equity of 101.18%. The business had revenue of $271.13 billion during the quarter, compared to the consensus estimate of $73.90 million. As a group, sell-side analysts predict that Sezzle Inc. will post 9.77 earnings per share for the current year.

Sezzle announced that its board has authorized a share buyback program on Monday, March 10th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to repurchase up to 4.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling

In related news, CFO Karen Hartje sold 3,457 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $316.32, for a total transaction of $1,093,518.24. Following the completion of the sale, the chief financial officer now directly owns 35,121 shares in the company, valued at approximately $11,109,474.72. This trade represents a 8.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 57.65% of the stock is currently owned by corporate insiders.

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.