Portolan Capital Management LLC Takes $3.37 Million Position in Sezzle Inc. (NASDAQ:SEZL)

Portolan Capital Management LLC purchased a new position in Sezzle Inc. (NASDAQ:SEZL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 13,168 shares of the company's stock, valued at approximately $3,368,000. Portolan Capital Management LLC owned 0.23% of Sezzle as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Sezzle by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 169,614 shares of the company's stock worth $43,387,000 after buying an additional 3,853 shares during the last quarter. State Street Corp grew its holdings in Sezzle by 3.5% in the third quarter. State Street Corp now owns 49,362 shares of the company's stock worth $8,421,000 after purchasing an additional 1,683 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Sezzle by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,697 shares of the company's stock worth $5,294,000 after purchasing an additional 334 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Sezzle by 1,733.1% during the 4th quarter. Russell Investments Group Ltd. now owns 12,447 shares of the company's stock valued at $3,184,000 after purchasing an additional 11,768 shares during the last quarter. Finally, Calamos Advisors LLC acquired a new stake in shares of Sezzle in the 4th quarter worth $2,423,000. 2.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Northland Securities raised their price target on Sezzle from $50.00 to $60.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. B. Riley reiterated a "buy" rating and issued a $62.83 target price (up from $62.00) on shares of Sezzle in a research note on Wednesday, February 26th.

Sezzle Stock Performance

SEZL traded up $2.06 on Friday, reaching $44.80. 773,570 shares of the stock were exchanged, compared to its average volume of 735,613. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.40 and a quick ratio of 2.40. The company's 50-day moving average price is $41.70 and its 200 day moving average price is $44.15. The firm has a market capitalization of $1.52 billion, a PE ratio of 4.77 and a beta of 8.73. Sezzle Inc. has a fifty-two week low of $6.73 and a fifty-two week high of $79.59.

Sezzle (NASDAQ:SEZL - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.22. Sezzle had a return on equity of 101.18% and a net margin of 25.29%. The firm had revenue of $271.13 billion during the quarter, compared to the consensus estimate of $73.90 million. As a group, sell-side analysts forecast that Sezzle Inc. will post 9.77 EPS for the current fiscal year.

Sezzle declared that its board has initiated a stock 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 usually an indication that the company's leadership believes its stock is 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.