XTX Topco Ltd Takes Position in Sezzle Inc. (NASDAQ:SEZL)

XTX Topco Ltd purchased a new stake in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 6,171 shares of the company's stock, valued at approximately $544,000. XTX Topco Ltd owned about 0.11% of Sezzle at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rhumbline Advisers purchased a new position in Sezzle in the second quarter worth $203,000. Bank of New York Mellon Corp purchased a new position in Sezzle in the second quarter worth $611,000. Finally, Vanguard Group Inc. purchased a new position in Sezzle in the first quarter worth $13,369,000. Hedge funds and other institutional investors own 2.02% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on SEZL. Northland Capmk upgraded shares of Sezzle to a "strong-buy" rating in a research report on Tuesday, July 9th. Northland Securities reissued an "outperform" rating and issued a $185.00 price target (up from $150.00) on shares of Sezzle in a research note on Monday. Finally, B. Riley boosted their price target on shares of Sezzle from $132.00 to $163.00 and gave the stock a "buy" rating in a research note on Friday, August 23rd.

Sezzle Trading Up 7.9 %

Sezzle stock traded up $12.96 during mid-day trading on Tuesday, hitting $176.97. The company's stock had a trading volume of 113,582 shares, compared to its average volume of 84,171. The stock has a market cap of $1.00 billion and a price-to-earnings ratio of 78.35. The business has a 50 day moving average price of $116.97 and a 200-day moving average price of $87.85. The company has a debt-to-equity ratio of 1.37, a current ratio of 2.07 and a quick ratio of 2.07. Sezzle Inc. has a 12 month low of $7.15 and a 12 month high of $179.99.

Sezzle (NASDAQ:SEZL - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate 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 EPS for the current year.

Insider Activity

In related news, COO Amin Sabzivand sold 1,500 shares of the business's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $147.10, for a total transaction of $220,650.00. Following the transaction, the chief operating officer now owns 51,748 shares in the company, valued at $7,612,130.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Sezzle news, Director Paul Martin Purcell sold 23,737 shares of the company's stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $86.31, for a total value of $2,048,740.47. Following the sale, the director now owns 414,873 shares in the company, valued at $35,807,688.63. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Amin Sabzivand sold 1,500 shares of the company's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $147.10, for a total transaction of $220,650.00. Following the completion of the sale, the chief operating officer now owns 51,748 shares in the company, valued at approximately $7,612,130.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 198,951 shares of company stock valued at $23,587,391. 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.