Sezzle Inc. (NASDAQ:SEZL) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) by 295.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,979 shares of the company's stock after purchasing an additional 2,974 shares during the quarter. JPMorgan Chase & Co. owned 0.07% of Sezzle worth $679,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Covestor Ltd purchased a new stake in Sezzle in the 3rd quarter valued at about $38,000. SG Americas Securities LLC bought a new stake in shares of Sezzle during the third quarter valued at approximately $165,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Sezzle in the third quarter valued at approximately $188,000. MetLife Investment Management LLC grew its stake in 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 purchasing an additional 815 shares in the last quarter. Finally, Verition Fund Management LLC bought a new stake in Sezzle during the 3rd quarter valued at $274,000. Hedge funds and other institutional investors own 2.02% of the company's stock.

Analyst Upgrades and Downgrades

SEZL has been the topic of several research reports. B. Riley restated a "buy" rating and set a $372.00 price target (up previously from $353.00) on shares of Sezzle in a research note on Thursday, December 19th. Northland Securities raised their target price on shares of Sezzle from $300.00 to $360.00 and gave the company an "outperform" rating in a research report on Thursday, December 19th.

Sezzle Stock Down 1.5 %

Sezzle stock traded down $3.61 during mid-day trading on Friday, reaching $230.06. 55,823 shares of the company were exchanged, compared to its average volume of 130,527. Sezzle Inc. has a 12-month low of $36.56 and a 12-month high of $477.52. The business has a fifty day moving average of $293.35 and a 200 day moving average of $215.13. The firm has a market cap of $1.29 billion, a P/E ratio of 24.51 and a beta of 9.72. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.40 and a current ratio of 2.40.

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

Insider Transactions at Sezzle

In other Sezzle news, Director Paul Paradis sold 4,026 shares of the company's stock in a transaction that occurred 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 transaction, the director now owns 68,846 shares in the company, valued at approximately $27,538,400. This represents a 5.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Karen Hartje sold 3,457 shares of Sezzle 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 sale, the chief financial officer now owns 35,121 shares of the company's stock, valued at $11,109,474.72. The trade was a 8.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,164 shares of company stock valued at $4,303,725 in the last 90 days. 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.