Prosperity Wealth Management Inc. Buys New Holdings in Sezzle Inc. (NASDAQ:SEZL)

Prosperity Wealth Management Inc. bought a new position in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,135 shares of the company's stock, valued at approximately $290,000.

Other institutional investors have also modified their holdings of the company. Plato Investment Management Ltd purchased a new position in shares of Sezzle during the fourth quarter worth approximately $30,000. Covestor Ltd purchased a new position in Sezzle during the third quarter valued at approximately $38,000. Modus Advisors LLC purchased a new position in Sezzle during the fourth quarter valued at approximately $80,000. Principal Securities Inc. purchased a new position in Sezzle during the fourth quarter valued at approximately $84,000. Finally, Arizona State Retirement System purchased a new position in Sezzle during the fourth quarter valued at approximately $207,000. 2.02% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Sezzle

In other news, CFO Karen Hartje sold 3,457 shares of the business's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $316.32, for a total transaction of $1,093,518.24. Following the sale, the chief financial officer now owns 35,121 shares in the company, valued at approximately $11,109,474.72. The trade was a 8.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 57.65% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Northland Securities lifted their price objective on shares of Sezzle from $300.00 to $360.00 and gave the company an "outperform" rating in a report on Thursday, December 19th. B. Riley reissued a "buy" rating and set a $377.00 price objective (up from $372.00) on shares of Sezzle in a report on Wednesday, February 26th.

Sezzle Stock Up 7.0 %

SEZL stock traded up $15.27 on Friday, hitting $232.51. 90,865 shares of the company's stock were exchanged, compared to its average volume of 163,825. The firm has a 50 day moving average price of $259.40 and a two-hundred day moving average price of $252.93. Sezzle Inc. has a 12-month low of $40.39 and a 12-month high of $477.52. The stock has a market cap of $1.31 billion, a P/E ratio of 24.74 and a beta of 9.09. 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 issued its quarterly earnings results on Tuesday, February 25th. The company reported $4.39 earnings per share for the quarter, topping analysts' consensus estimates of $3.08 by $1.31. Sezzle had a return on equity of 101.18% and a net margin of 25.29%. The business had revenue of $271.13 billion for the quarter, compared to analyst estimates of $73.90 million. As a group, equities research analysts expect that Sezzle Inc. will post 9.77 EPS for the current fiscal year.

Sezzle announced that its Board of Directors has authorized a share buyback program on Monday, March 10th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 4.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

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.