1,617 Shares in Sezzle Inc. (NASDAQ:SEZL) Bought by Virtu Financial LLC

Virtu Financial LLC bought a new position in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,617 shares of the company's stock, valued at approximately $276,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Covestor Ltd acquired a new stake in Sezzle during the 3rd quarter worth about $38,000. SG Americas Securities LLC acquired a new stake in shares of Sezzle during the third quarter valued at approximately $165,000. MetLife Investment Management LLC lifted its position in shares of Sezzle by 129.2% in the 3rd quarter. MetLife Investment Management LLC now owns 1,446 shares of the company's stock valued at $247,000 after acquiring an additional 815 shares in the last quarter. Verition Fund Management LLC acquired a new position in Sezzle in the 3rd quarter worth approximately $274,000. Finally, Jane Street Group LLC purchased a new position in Sezzle during the 3rd quarter worth approximately $292,000. 2.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Sezzle news, COO Amin Sabzivand sold 1,500 shares of the firm's stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $187.00, for a total transaction of $280,500.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kyle M. Brehm purchased 106 shares of the firm's stock in a transaction dated Wednesday, November 20th. The shares were bought at an average price of $402.00 per share, with a total value of $42,612.00. Following the purchase, the director now owns 3,608 shares in the company, valued at $1,450,416. This represents a 3.03 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 40,566 shares of company stock worth $8,752,707. Corporate insiders own 57.65% of the company's stock.

Sezzle Stock Down 23.2 %

SEZL stock traded down $73.01 during midday trading on Wednesday, reaching $242.17. The company had a trading volume of 523,405 shares, compared to its average volume of 91,900. The company has a 50 day moving average of $305.49 and a two-hundred day moving average of $179.99. 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 1 year low of $14.83 and a 1 year high of $477.52. The company has a market capitalization of $1.36 billion, a P/E ratio of 25.76 and a beta of 9.23.

Analysts Set New Price Targets

SEZL has been the subject of several recent analyst reports. B. Riley raised their target price on Sezzle from $132.00 to $163.00 and gave the stock a "buy" rating in a research report on Friday, August 23rd. Northland Securities increased their price objective on Sezzle from $185.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th.

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.