3,215 Shares in Sezzle Inc. (NASDAQ:SEZL) Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. purchased a new position in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 3,215 shares of the company's stock, valued at approximately $548,000. Principal Financial Group Inc. owned 0.06% of Sezzle as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Sezzle during the third quarter worth about $165,000. OmniStar Financial Group Inc. acquired a new position in Sezzle during the 3rd quarter valued at about $354,000. Creative Planning bought a new stake in Sezzle during the 3rd quarter worth approximately $383,000. Rhumbline Advisers bought a new stake in Sezzle during the 2nd quarter worth approximately $203,000. Finally, Divisadero Street Capital Management LP purchased a new stake in shares of Sezzle in the second quarter worth approximately $356,000. Institutional investors own 2.02% of the company's stock.

Sezzle Stock Performance

Shares of Sezzle stock traded up $0.02 during mid-day trading on Monday, hitting $464.00. 153,081 shares of the stock were exchanged, compared to its average volume of 89,637. Sezzle Inc. has a 12 month low of $9.75 and a 12 month high of $477.52. The company has a 50-day simple moving average of $241.77 and a 200 day simple moving average of $147.44. The company has a market capitalization of $2.60 billion, a P/E ratio of 49.36 and a beta of 8.49. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.40 and a current ratio of 2.40.

Analyst Upgrades and Downgrades

SEZL has been the topic of several analyst reports. Northland Securities lifted their target price on Sezzle from $185.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. B. Riley lifted their price objective on shares of Sezzle from $132.00 to $163.00 and gave the stock a "buy" rating in a report on Friday, August 23rd.

Insider Activity at Sezzle

In related news, Director Kyle M. Brehm acquired 106 shares of the stock in a transaction on Wednesday, November 20th. The shares were acquired at an average price of $402.00 per share, with a total value of $42,612.00. Following the completion of the transaction, the director now owns 3,608 shares in the company, valued at approximately $1,450,416. The trade was a 3.03 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Amin Sabzivand sold 1,500 shares of the stock in a transaction that occurred on 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 directly owns 51,748 shares of the company's stock, valued at $7,612,130.80. This represents a 2.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 90,597 shares of company stock valued at $14,724,538. 57.65% of the stock is owned by insiders.

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.