Calamos Advisors LLC Takes Position in Sezzle Inc. (NASDAQ:SEZL)

Calamos Advisors LLC purchased a new position in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 9,471 shares of the company's stock, valued at approximately $2,423,000. Calamos Advisors LLC owned 0.17% of Sezzle at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SEZL. SG Americas Securities LLC increased its holdings in shares of Sezzle by 22.2% in the 4th quarter. SG Americas Securities LLC now owns 1,184 shares of the company's stock valued at $303,000 after purchasing an additional 215 shares in the last quarter. Covestor Ltd acquired a new stake in shares of Sezzle in the third quarter worth approximately $38,000. Modus Advisors LLC acquired a new stake in shares of Sezzle in the fourth quarter worth approximately $80,000. MetLife Investment Management LLC boosted its position in shares of Sezzle by 129.2% in the third quarter. MetLife Investment Management LLC now owns 1,446 shares of the company's stock worth $247,000 after acquiring an additional 815 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Sezzle during the third quarter valued at approximately $188,000. Institutional investors and hedge funds own 2.02% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. B. Riley reaffirmed a "buy" rating and set a $372.00 price target (up from $353.00) on shares of Sezzle in a research report on Thursday, December 19th. Northland Securities boosted their target price on shares of Sezzle from $300.00 to $360.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th.

Insider Buying and Selling at Sezzle

In other news, Director Paul Paradis sold 4,026 shares of the business's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $400.00, for a total transaction of $1,610,400.00. Following the completion of the transaction, the director now owns 68,846 shares of the company's stock, valued at approximately $27,538,400. The trade was a 5.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Karen Hartje sold 3,457 shares of the business's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $316.32, for a total transaction of $1,093,518.24. Following the transaction, the chief financial officer now directly owns 35,121 shares of the company's stock, valued at approximately $11,109,474.72. This trade represents a 8.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,164 shares of company stock worth $4,303,725 over the last 90 days. Insiders own 57.65% of the company's stock.

Sezzle Stock Performance

SEZL stock traded up $9.13 during trading on Friday, hitting $254.32. 121,258 shares of the company's stock traded hands, compared to its average volume of 114,665. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54. Sezzle Inc. has a 52 week low of $38.22 and a 52 week high of $477.52. The stock has a fifty day moving average price of $270.09 and a two-hundred day moving average price of $221.57. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 27.06 and a beta of 9.56.

Sezzle (NASDAQ:SEZL - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $2.92 earnings per share for the quarter, beating the consensus estimate of $0.89 by $2.03. Sezzle had a net margin of 25.29% and a return on equity of 101.18%. The firm had revenue of $69.96 million during the quarter, compared to analyst estimates of $52.64 million. During the same quarter in the previous year, the firm earned $0.23 earnings per share. As a group, equities analysts anticipate that Sezzle Inc. will post 9.85 EPS for the current fiscal year.

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.