Marshall Wace LLP Increases Stock Position in Sezzle Inc. (NASDAQ:SEZL)

Marshall Wace LLP increased its holdings in Sezzle Inc. (NASDAQ:SEZL - Free Report) by 792.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,983 shares of the company's stock after purchasing an additional 71,019 shares during the quarter. Marshall Wace LLP owned approximately 1.43% of Sezzle worth $20,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. State Street Corp raised its holdings in shares of Sezzle by 3.5% during the third quarter. State Street Corp now owns 49,362 shares of the company's stock valued at $8,421,000 after acquiring an additional 1,683 shares in the last quarter. Jane Street Group LLC bought a new position in Sezzle in the 3rd quarter worth $292,000. Barclays PLC lifted its position in shares of Sezzle by 125.4% in the 3rd quarter. Barclays PLC now owns 4,515 shares of the company's stock worth $771,000 after purchasing an additional 2,512 shares during the period. Virtu Financial LLC bought a new stake in shares of Sezzle during the 3rd quarter valued at about $276,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Sezzle during the third quarter valued at about $188,000. Hedge funds and other institutional investors own 2.02% of the company's stock.

Analysts Set New Price Targets

Separately, B. Riley reiterated a "buy" rating and set a $62.83 target price (up previously from $62.00) on shares of Sezzle in a report on Wednesday, February 26th.

Sezzle Stock Up 10.7 %

NASDAQ:SEZL traded up $4.58 on Thursday, reaching $47.42. 783,948 shares of the stock traded hands, compared to its average volume of 737,839. The company's fifty day simple moving average is $40.90 and its 200 day simple moving average is $44.58. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 5.04 and a beta of 8.73. Sezzle Inc. has a 12 month low of $6.73 and a 12 month high of $79.59. 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 (NASDAQ:SEZL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.22. The company had revenue of $271.13 billion during the quarter, compared to analyst estimates of $73.90 million. Sezzle had a net margin of 25.29% and a return on equity of 101.18%. Equities analysts predict that Sezzle Inc. will post 9.77 EPS for the current fiscal year.

Sezzle declared that its board has authorized a share buyback plan on Monday, March 10th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 4.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

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.