New York State Teachers Retirement System Purchases New Stake in Sezzle Inc. $SEZL

New York State Teachers Retirement System purchased a new stake in Sezzle Inc. (NASDAQ:SEZL) in the 2nd quarter, HoldingsChannel reports. The fund purchased 1,275 shares of the company’s stock, valued at approximately $229,000.

Several other hedge funds have also bought and sold shares of SEZL. Vanguard Group Inc. grew its position in Sezzle by 497.6% in the 1st quarter. Vanguard Group Inc. now owns 1,013,698 shares of the company’s stock valued at $35,368,000 after purchasing an additional 844,084 shares during the period. Driehaus Capital Management LLC lifted its stake in Sezzle by 497.8% during the 1st quarter. Driehaus Capital Management LLC now owns 327,276 shares of the company’s stock valued at $11,419,000 after acquiring an additional 272,530 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Sezzle by 1,068.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 169,487 shares of the company’s stock valued at $5,913,000 after acquiring an additional 154,978 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Sezzle by 719.1% during the 1st quarter. Acadian Asset Management LLC now owns 173,310 shares of the company’s stock valued at $6,040,000 after acquiring an additional 152,152 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. bought a new position in Sezzle during the 1st quarter valued at $4,011,000. Institutional investors and hedge funds own 2.02% of the company’s stock.

Insiders Place Their Bets

In related news, Director Paul Paradis sold 3,000 shares of Sezzle stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $91.62, for a total value of $274,860.00. Following the completion of the sale, the director owned 242,000 shares of the company’s stock, valued at approximately $22,172,040. This trade represents a 1.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Karen Hartje sold 5,484 shares of Sezzle stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $85.00, for a total value of $466,140.00. Following the completion of the sale, the chief financial officer directly owned 116,053 shares of the company’s stock, valued at approximately $9,864,505. This trade represents a 4.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,484 shares of company stock worth $1,447,200 over the last quarter. Company insiders own 49.49% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on SEZL. TD Cowen began coverage on Sezzle in a research note on Thursday, September 11th. They set a “hold” rating and a $82.00 price objective on the stock. Oppenheimer raised their price objective on Sezzle from $168.00 to $202.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Sezzle in a research note on Wednesday, October 8th. B. Riley raised their price objective on Sezzle from $101.00 to $111.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Finally, Cowen began coverage on Sezzle in a research note on Thursday, September 11th. They set a “hold” rating on the stock. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $113.75.

Sezzle Trading Up 3.1%

NASDAQ SEZL opened at $76.20 on Friday. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 26.11 and a beta of 8.70. Sezzle Inc. has a one year low of $24.86 and a one year high of $186.74. The company has a debt-to-equity ratio of 1.00, a current ratio of 3.51 and a quick ratio of 3.51. The business’s fifty day moving average is $85.81 and its 200-day moving average is $101.01.

Sezzle (NASDAQ:SEZL) last released its earnings results on Tuesday, November 19th. The company reported $0.21 EPS for the quarter. The company had revenue of $40.84 million for the quarter. Sezzle had a return on equity of 102.90% and a net margin of 28.13%. Equities research analysts predict that Sezzle Inc. will post 9.77 EPS for the current year.

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.