Sezzle Inc. (NASDAQ:SEZL) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) by 191.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,363 shares of the company's stock after buying an additional 13,383 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.36% of Sezzle worth $3,474,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Navellier & Associates Inc. acquired a new stake in shares of Sezzle during the third quarter worth about $1,217,000. Covestor Ltd acquired a new stake in Sezzle in the third quarter valued at about $38,000. Principal Financial Group Inc. acquired a new stake in Sezzle in the third quarter valued at about $548,000. OmniStar Financial Group Inc. acquired a new stake in Sezzle in the third quarter valued at about $354,000. Finally, Creative Planning acquired a new stake in Sezzle in the third quarter valued at about $383,000. Institutional investors and hedge funds own 2.02% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on SEZL. Northland Securities raised their price objective on shares of Sezzle from $185.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. B. Riley raised their price objective on shares of Sezzle from $132.00 to $163.00 and gave the company a "buy" rating in a research report on Friday, August 23rd.

Sezzle Price Performance

Shares of NASDAQ:SEZL traded down $6.86 during trading on Friday, hitting $309.01. 58,978 shares of the stock were exchanged, compared to its average volume of 101,091. The company has a fifty day moving average price of $299.18 and a two-hundred day moving average price of $176.60. The company has a market cap of $1.73 billion, a PE ratio of 32.87 and a beta of 9.23. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54. Sezzle Inc. has a 12-month low of $12.93 and a 12-month high of $477.52.

Insider Transactions at Sezzle

In other news, Director Paul Martin Purcell sold 6,618 shares of the business's stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $157.87, for a total transaction of $1,044,783.66. Following the sale, the director now owns 120,047 shares of the company's stock, valued at $18,951,819.89. The trade was a 5.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Amin Sabzivand sold 1,500 shares of the business's stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $187.00, for a total value 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. This trade represents a 3.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,566 shares of company stock valued at $8,752,707 in the last quarter. 57.65% of the stock is currently owned by corporate insiders.

About Sezzle

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.