Prosperity Wealth Management Inc. purchased a new stake in Sezzle Inc. (NASDAQ:SEZL - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 1,135 shares of the company's stock, valued at approximately $290,000.
Several other hedge funds and other institutional investors have also modified their holdings of SEZL. Independent Advisor Alliance acquired a new position in Sezzle during the 4th quarter valued at about $1,872,000. Arizona State Retirement System acquired a new position in Sezzle during the 4th quarter valued at about $207,000. Charles Schwab Investment Management Inc. boosted its stake in Sezzle by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,697 shares of the company's stock valued at $5,294,000 after purchasing an additional 334 shares during the period. Plato Investment Management Ltd acquired a new position in Sezzle during the 4th quarter valued at about $30,000. Finally, Bank of New York Mellon Corp boosted its stake in Sezzle by 28.0% during the 4th quarter. Bank of New York Mellon Corp now owns 6,304 shares of the company's stock valued at $1,613,000 after purchasing an additional 1,378 shares during the period. 2.02% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, CFO Karen Hartje sold 3,457 shares of the business's stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $316.32, for a total value of $1,093,518.24. Following the sale, the chief financial officer now directly owns 35,121 shares in the company, valued at $11,109,474.72. The trade was a 8.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 57.65% of the company's stock.
Sezzle Price Performance
Shares of SEZL stock traded up $15.27 during midday trading on Friday, reaching $232.51. 90,865 shares of the company were exchanged, compared to its average volume of 163,825. Sezzle Inc. has a 12 month low of $40.39 and a 12 month high of $477.52. The company has a market cap of $1.31 billion, a P/E ratio of 24.74 and a beta of 9.09. The company's 50 day moving average price is $259.40 and its two-hundred day moving average price is $252.09. 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 (NASDAQ:SEZL - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $4.39 EPS for the quarter, topping analysts' consensus estimates of $3.08 by $1.31. Sezzle had a net margin of 25.29% and a return on equity of 101.18%. The business had revenue of $271.13 billion for the quarter, compared to the consensus estimate of $73.90 million. On average, sell-side analysts expect that Sezzle Inc. will post 9.77 earnings per share for the current year.
Sezzle announced that its board has initiated a share buyback plan on Monday, March 10th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 4.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.
Analysts Set New Price Targets
A number of analysts have commented on the stock. B. Riley restated a "buy" rating and set a $377.00 price target (up from $372.00) on shares of Sezzle in a research report on Wednesday, February 26th. Northland Securities boosted their price target on shares of Sezzle from $300.00 to $360.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th.
Read Our Latest Research Report on SEZL
About Sezzle
(
Free Report)
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.
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