EAM Investors LLC Sells 16,032 Shares of Sezzle Inc. (NASDAQ:SEZL)

EAM Investors LLC trimmed its position in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) by 53.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,987 shares of the company's stock after selling 16,032 shares during the quarter. EAM Investors LLC owned 0.25% of Sezzle worth $3,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Portolan Capital Management LLC purchased a new position in Sezzle during the fourth quarter worth about $3,368,000. XTX Topco Ltd increased its position in shares of Sezzle by 84.7% during the fourth quarter. XTX Topco Ltd now owns 2,316 shares of the company's stock valued at $592,000 after acquiring an additional 1,062 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Sezzle by 15.2% during the fourth quarter. Renaissance Technologies LLC now owns 7,600 shares of the company's stock worth $1,944,000 after acquiring an additional 1,000 shares during the period. Legal & General Group Plc boosted its position in Sezzle by 1,001.2% in the fourth quarter. Legal & General Group Plc now owns 2,731 shares of the company's stock worth $699,000 after purchasing an additional 2,483 shares during the last quarter. Finally, Federated Hermes Inc. increased its position in shares of Sezzle by 3,575.0% during the 4th quarter. Federated Hermes Inc. now owns 147 shares of the company's stock valued at $38,000 after purchasing an additional 143 shares during the last quarter. Institutional investors own 2.02% of the company's stock.

Wall Street Analyst Weigh In

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

Sezzle Stock Performance

Shares of NASDAQ SEZL traded up $2.06 during trading on Friday, reaching $44.80. 773,570 shares of the stock traded hands, compared to its average volume of 735,802. The company has a 50-day moving average of $41.71 and a 200-day moving average of $44.27. Sezzle Inc. has a 52-week low of $6.73 and a 52-week high of $79.59. The stock has a market capitalization of $1.52 billion, a P/E ratio of 4.77 and a beta of 8.73. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.40 and a quick ratio of 2.40.

Sezzle (NASDAQ:SEZL - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.22. The firm had revenue of $271.13 billion during the quarter, compared to analyst estimates of $73.90 million. Sezzle had a net margin of 25.29% and a return on equity of 101.18%. Analysts forecast that Sezzle Inc. will post 9.77 EPS for the current fiscal year.

Sezzle declared that its board has approved a share buyback program on Monday, March 10th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Sezzle Company 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.