Creative Planning Invests $383,000 in Sezzle Inc. (NASDAQ:SEZL)

Creative Planning purchased a new position in Sezzle Inc. (NASDAQ:SEZL - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,246 shares of the company's stock, valued at approximately $383,000.

A number of other large investors also recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in Sezzle in the 3rd quarter valued at about $165,000. Rhumbline Advisers bought a new stake in Sezzle in the 2nd quarter valued at about $203,000. Divisadero Street Capital Management LP bought a new stake in Sezzle in the 2nd quarter valued at about $356,000. XTX Topco Ltd bought a new stake in Sezzle in the 2nd quarter valued at about $544,000. Finally, Bank of New York Mellon Corp bought a new stake in Sezzle in the 2nd quarter valued at about $611,000. 2.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SEZL. Northland Securities lifted their price objective on shares of Sezzle from $185.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday. B. Riley raised their target price 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.

Sezzle Price Performance

Sezzle stock traded up $181.01 during trading hours on Friday, hitting $431.48. 631,411 shares of the company traded hands, compared to its average volume of 87,387. The firm has a market cap of $2.41 billion, a P/E ratio of 61.55 and a beta of 8.49. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.37. The firm's 50-day simple moving average is $181.76 and its two-hundred day simple moving average is $118.80. Sezzle Inc. has a 1-year low of $9.75 and a 1-year high of $454.16.

Sezzle (NASDAQ:SEZL - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported $2.17 EPS for the quarter, beating the consensus estimate of $0.84 by $1.33. The firm had revenue of $55.97 million for the quarter, compared to analysts' expectations of $43.35 million. Sezzle had a net margin of 21.77% and a return on equity of 84.38%. As a group, analysts forecast that Sezzle Inc. will post 6.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Sezzle

In other news, COO Amin Sabzivand sold 1,500 shares of Sezzle stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $205.57, for a total value of $308,355.00. Following the transaction, the chief operating officer now owns 46,860 shares of the company's stock, valued at $9,633,010.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Paul Martin Purcell sold 29,924 shares of Sezzle stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $121.61, for a total value of $3,639,057.64. Following the transaction, the director now owns 269,716 shares of the company's stock, valued at $32,800,162.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Amin Sabzivand sold 1,500 shares of Sezzle stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $205.57, for a total transaction of $308,355.00. Following the completion of the transaction, the chief operating officer now directly owns 46,860 shares in the company, valued at $9,633,010.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 160,989 shares of company stock valued at $22,207,483. Company insiders own 57.65% of the company's stock.

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.