Russell Investments Group Ltd. Purchases 11,768 Shares of Sezzle Inc. (NASDAQ:SEZL)

Russell Investments Group Ltd. raised its holdings in Sezzle Inc. (NASDAQ:SEZL - Free Report) by 1,733.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,447 shares of the company's stock after buying an additional 11,768 shares during the quarter. Russell Investments Group Ltd. owned 0.22% of Sezzle worth $3,184,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in SEZL. Plato Investment Management Ltd acquired a new stake in shares of Sezzle during the 4th quarter valued at about $30,000. Meeder Asset Management Inc. acquired a new position in shares of Sezzle in the 4th quarter worth approximately $31,000. Modus Advisors LLC bought a new position in shares of Sezzle during the 4th quarter worth approximately $80,000. Principal Securities Inc. acquired a new stake in Sezzle in the 4th quarter valued at $84,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Sezzle during the fourth quarter worth $128,000. Institutional investors and hedge funds own 2.02% of the company's stock.

Sezzle Price Performance

SEZL stock traded up $2.67 during midday trading on Tuesday, reaching $41.26. 678,386 shares of the company's stock traded hands, compared to its average volume of 738,223. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 4.39 and a beta of 8.73. The company has a 50-day simple moving average of $41.18 and a two-hundred day simple moving average of $44.59. Sezzle Inc. has a 1-year low of $6.73 and a 1-year high of $79.59.

Sezzle (NASDAQ:SEZL - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.73 earnings per share (EPS) for the quarter, beating 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 business had revenue of $271.13 billion during the quarter, compared to analysts' expectations of $73.90 million. On average, analysts anticipate that Sezzle Inc. will post 9.77 earnings per share for the current year.

Sezzle declared that its board has authorized a stock repurchase program on Monday, March 10th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to buy up to 4.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Separately, B. Riley reaffirmed a "buy" rating and issued a $62.83 target price (up previously from $62.00) on shares of Sezzle in a report on Wednesday, February 26th.

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.