Bank of New York Mellon Corp Raises Position in Sezzle Inc. (NASDAQ:SEZL)

Bank of New York Mellon Corp grew its holdings in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) by 28.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,304 shares of the company's stock after purchasing an additional 1,378 shares during the period. Bank of New York Mellon Corp owned approximately 0.11% of Sezzle worth $1,613,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SEZL. Principal Financial Group Inc. acquired a new position in Sezzle during the third quarter worth $548,000. Charles Schwab Investment Management Inc. grew its stake in shares of Sezzle by 191.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 20,363 shares of the company's stock worth $3,474,000 after purchasing an additional 13,383 shares during the period. MetLife Investment Management LLC grew its stake in shares of Sezzle by 129.2% during the 3rd quarter. MetLife Investment Management LLC now owns 1,446 shares of the company's stock worth $247,000 after purchasing an additional 815 shares during the period. Verition Fund Management LLC purchased a new position in shares of Sezzle in the 3rd quarter valued at about $274,000. Finally, State Street Corp lifted its stake in shares of Sezzle by 3.5% in the third quarter. State Street Corp now owns 49,362 shares of the company's stock valued at $8,421,000 after purchasing an additional 1,683 shares during the period. 2.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SEZL. B. Riley restated a "buy" rating and set a $377.00 target price (up from $372.00) on shares of Sezzle in a research report on Wednesday, February 26th. Northland Securities boosted their price target on Sezzle from $300.00 to $360.00 and gave the stock an "outperform" rating in a research note on Thursday, December 19th.

Insider Buying and Selling at Sezzle

In other news, CFO Karen Hartje sold 3,457 shares of the company's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $316.32, for a total value of $1,093,518.24. Following the sale, the chief financial officer now directly owns 35,121 shares in the company, valued at $11,109,474.72. This 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 available through the SEC website. 57.65% of the stock is owned by insiders.

Sezzle Price Performance

Shares of SEZL stock traded down $13.65 during mid-day trading on Wednesday, reaching $236.84. The stock had a trading volume of 106,397 shares, compared to its average volume of 116,023. The company has a market cap of $1.34 billion, a P/E ratio of 25.20 and a beta of 9.09. 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 12-month low of $40.39 and a 12-month high of $477.53. The business has a 50-day simple moving average of $258.27 and a 200 day simple moving average of $258.86.

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

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

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.