Modus Advisors LLC Buys Shares of 312 Sezzle Inc. (NASDAQ:SEZL)

Modus Advisors LLC purchased a new position in shares of Sezzle Inc. (NASDAQ:SEZL) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 312 shares of the company’s stock, valued at approximately $80,000.

Several other hedge funds have also recently added to or reduced their stakes in SEZL. Covestor Ltd purchased a new stake in shares of Sezzle in the third quarter valued at approximately $38,000. SG Americas Securities LLC acquired a new stake in shares of Sezzle in the 3rd quarter worth $165,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Sezzle during the 3rd quarter worth $188,000. Rhumbline Advisers acquired a new position in shares of Sezzle during the 2nd quarter valued at about $203,000. Finally, MetLife Investment Management LLC grew its holdings in shares of Sezzle by 129.2% in the third quarter. MetLife Investment Management LLC now owns 1,446 shares of the company’s stock valued at $247,000 after purchasing an additional 815 shares during the period. 2.02% of the stock is owned by institutional investors and hedge funds.

Sezzle Stock Up 2.2 %

NASDAQ:SEZL opened at $278.69 on Friday. Sezzle Inc. has a 52 week low of $16.23 and a 52 week high of $477.52. The stock’s fifty day moving average is $322.71 and its two-hundred day moving average is $194.87. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 29.65 and a beta of 9.23. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54.

Insider Activity at Sezzle

In related news, Director Paul Paradis sold 4,026 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $400.00, for a total transaction of $1,610,400.00. Following the sale, the director now directly owns 68,846 shares of the company’s stock, valued at $27,538,400. This represents a 5.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Amin Sabzivand sold 1,500 shares of the stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $205.57, for a total transaction of $308,355.00. Following the sale, the chief operating officer now owns 46,860 shares in the company, valued at approximately $9,633,010.20. This trade represents a 3.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,707 shares of company stock worth $3,799,062. 57.65% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SEZL. Northland Securities raised their price target on shares of Sezzle from $300.00 to $360.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. B. Riley reaffirmed a “buy” rating and issued a $372.00 price target (up previously from $353.00) on shares of Sezzle in a research note on Thursday, December 19th.

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.