Independent Advisor Alliance Acquires Shares of 7,320 Sezzle Inc. (NASDAQ:SEZL)

Independent Advisor Alliance acquired a new stake in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,320 shares of the company's stock, valued at approximately $1,872,000. Independent Advisor Alliance owned approximately 0.13% of Sezzle as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Plato Investment Management Ltd acquired a new stake in shares of Sezzle in the fourth quarter worth approximately $30,000. Covestor Ltd acquired a new stake in Sezzle during the 3rd quarter worth $38,000. Modus Advisors LLC acquired a new stake in Sezzle during the 4th quarter worth $80,000. Principal Securities Inc. purchased a new stake in shares of Sezzle during the fourth quarter worth $84,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Sezzle in the third quarter valued at about $188,000. Institutional investors and hedge funds own 2.02% of the company's stock.

Insider Activity

In related news, CFO Karen Hartje sold 3,457 shares of the business's stock in a transaction dated Thursday, January 16th. The shares were 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 approximately $11,109,474.72. The trade was a 8.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 57.65% of the company's stock.

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Wall Street Analyst Weigh In

SEZL has been the subject of several research reports. B. Riley reaffirmed a "buy" rating and set a $377.00 price objective (up previously from $372.00) on shares of Sezzle in a research note on Wednesday, February 26th. Northland Securities boosted their target price on Sezzle from $300.00 to $360.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th.

Sezzle Trading Up 1.1 %

Shares of SEZL traded up $2.49 during midday trading on Monday, reaching $235.00. The company had a trading volume of 115,776 shares, compared to its average volume of 162,865. Sezzle Inc. has a 1-year low of $40.39 and a 1-year high of $477.52. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54. The firm has a 50 day simple moving average of $259.40 and a 200-day simple moving average of $253.80. The stock has a market cap of $1.33 billion, a PE ratio of 25.00 and a beta of 9.09.

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

Sezzle declared that its board has approved a share repurchase 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 stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership 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.