Principal Financial Group Inc. Purchases Shares of 3,215 Sezzle Inc. (NASDAQ:SEZL)

Principal Financial Group Inc. acquired a new stake in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,215 shares of the company's stock, valued at approximately $548,000. Principal Financial Group Inc. owned approximately 0.06% of Sezzle as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. B. Riley reiterated a "buy" rating and set a $372.00 price objective (up previously from $353.00) on shares of Sezzle in a research note on Thursday, December 19th. Northland Securities increased their price target on Sezzle from $300.00 to $360.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th.

Insiders Place Their Bets

In related news, COO Amin Sabzivand sold 1,500 shares of Sezzle stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $187.00, for a total transaction of $280,500.00. Following the sale, the chief operating officer now directly owns 48,360 shares in the company, valued at $9,043,320. The trade was a 3.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul Martin Purcell sold 2,401 shares of the company's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $465.72, for a total transaction of $1,118,193.72. Following the completion of the sale, the director now directly owns 58,275 shares of the company's stock, valued at $27,139,833. The trade was a 3.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,707 shares of company stock worth $3,799,062. Insiders own 57.65% of the company's stock.

Sezzle Stock Performance

Shares of Sezzle stock traded down $2.64 during trading on Monday, hitting $276.05. 108,823 shares of the stock were exchanged, compared to its average volume of 144,008. The stock has a market cap of $1.55 billion, a PE ratio of 29.37 and a beta of 9.72. The stock's fifty day moving average is $322.71 and its 200 day moving average is $196.45. Sezzle Inc. has a 12 month low of $16.23 and a 12 month high of $477.52. 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 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.