Driehaus Capital Management LLC Sells 14,994 Shares of Sezzle Inc. (NASDAQ:SEZL)

Driehaus Capital Management LLC lowered its stake in Sezzle Inc. (NASDAQ:SEZL) by 21.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,746 shares of the company’s stock after selling 14,994 shares during the quarter. Driehaus Capital Management LLC’s holdings in Sezzle were worth $14,004,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in SEZL. Cetera Investment Advisers bought a new position in shares of Sezzle in the fourth quarter valued at approximately $403,000. Cantor Fitzgerald L. P. purchased a new stake in Sezzle in the 4th quarter worth approximately $262,000. Bank of America Corp DE boosted its holdings in Sezzle by 32.6% in the 4th quarter. Bank of America Corp DE now owns 2,377 shares of the company’s stock valued at $608,000 after purchasing an additional 585 shares during the period. BNP Paribas Financial Markets purchased a new position in shares of Sezzle during the 4th quarter valued at $136,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of Sezzle by 15.5% in the fourth quarter. Ameriprise Financial Inc. now owns 2,002 shares of the company’s stock worth $512,000 after purchasing an additional 268 shares during the period. Hedge funds and other institutional investors own 2.02% of the company’s stock.

Insider Buying and Selling

In related news, Director Paul Paradis sold 18,000 shares of Sezzle stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $75.00, for a total value of $1,350,000.00. Following the transaction, the director now owns 315,000 shares in the company, valued at $23,625,000. This trade represents a 5.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 57.65% of the stock is currently owned by corporate insiders.

Sezzle Stock Performance

Sezzle stock opened at $87.35 on Friday. Sezzle Inc. has a fifty-two week low of $10.69 and a fifty-two week high of $88.28. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.40 and a current ratio of 2.40. The stock has a market cap of $2.97 billion, a P/E ratio of 9.29 and a beta of 8.41. The firm’s fifty day moving average price is $42.50 and its 200-day moving average price is $46.71.

Sezzle (NASDAQ:SEZL) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.22. Sezzle had a return on equity of 101.18% and a net margin of 25.29%. The business had revenue of $271.13 billion for the quarter, compared to the consensus estimate of $73.90 million. On average, equities research analysts expect that Sezzle Inc. will post 9.77 earnings per share for the current fiscal year.

Sezzle declared that its board has approved a stock buyback program on Monday, March 10th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 4.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

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

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.