Covestor Ltd Buys New Stake in Sezzle Inc. (NASDAQ:SEZL)

Covestor Ltd purchased a new position in Sezzle Inc. (NASDAQ:SEZL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 221 shares of the company’s stock, valued at approximately $38,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. acquired a new position in shares of Sezzle during the 1st quarter valued at about $13,369,000. Bank of New York Mellon Corp acquired a new stake in shares of Sezzle during the second quarter worth about $611,000. Rhumbline Advisers acquired a new stake in shares of Sezzle during the second quarter worth about $203,000. XTX Topco Ltd purchased a new stake in shares of Sezzle during the second quarter worth approximately $544,000. Finally, Divisadero Street Capital Management LP purchased a new stake in shares of Sezzle during the second quarter worth approximately $356,000. Hedge funds and other institutional investors own 2.02% of the company’s stock.

Insider Activity at Sezzle

In other Sezzle news, Director Paul Martin Purcell sold 15,000 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $133.42, for a total value of $2,001,300.00. Following the sale, the director now directly owns 220,165 shares of the company’s stock, valued at $29,374,414.30. This trade represents a 6.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Amin Sabzivand sold 1,500 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $147.10, for a total value of $220,650.00. Following the completion of the sale, the chief operating officer now directly owns 51,748 shares in the company, valued at $7,612,130.80. This represents a 2.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 128,709 shares of company stock valued at $18,273,973. Corporate insiders own 57.65% of the company’s stock.

Sezzle Stock Up 3.4 %

NASDAQ SEZL opened at $385.00 on Friday. The stock has a market cap of $2.16 billion, a PE ratio of 40.96 and a beta of 8.49. Sezzle Inc. has a fifty-two week low of $9.75 and a fifty-two week high of $454.16. The business has a 50 day moving average price of $201.95 and a two-hundred day moving average price of $128.02. The company has a quick ratio of 2.07, a current ratio of 2.40 and a debt-to-equity ratio of 1.54.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on SEZL shares. Northland Securities increased their price target on shares of Sezzle from $185.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. B. Riley lifted 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 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.