Wedbush Securities Inc. Invests $263,000 in Sezzle Inc. $SEZL

Wedbush Securities Inc. acquired a new stake in shares of Sezzle Inc. (NASDAQ:SEZL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,468 shares of the company’s stock, valued at approximately $263,000.

A number of other hedge funds also recently made changes to their positions in SEZL. Principal Financial Group Inc. boosted its holdings in Sezzle by 550.7% in the 1st quarter. Principal Financial Group Inc. now owns 23,346 shares of the company’s stock valued at $815,000 after purchasing an additional 19,758 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Sezzle by 518.0% in the 1st quarter. Bank of New York Mellon Corp now owns 38,960 shares of the company’s stock valued at $1,359,000 after purchasing an additional 32,656 shares during the last quarter. Alps Advisors Inc. grew its holdings in shares of Sezzle by 290.6% during the 1st quarter. Alps Advisors Inc. now owns 9,180 shares of the company’s stock worth $320,000 after purchasing an additional 6,830 shares during the period. New York State Common Retirement Fund raised its holdings in Sezzle by 500.0% in the 1st quarter. New York State Common Retirement Fund now owns 4,800 shares of the company’s stock valued at $167,000 after buying an additional 4,000 shares during the period. Finally, CWM LLC lifted its position in Sezzle by 49,400.0% in the first quarter. CWM LLC now owns 990 shares of the company’s stock valued at $35,000 after buying an additional 988 shares during the last quarter. 2.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. UBS Group set a $110.00 target price on Sezzle in a report on Thursday, November 6th. B. Riley lifted their price target on shares of Sezzle from $101.00 to $111.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Wall Street Zen raised Sezzle from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Cowen initiated coverage on Sezzle in a report on Thursday, September 11th. They set a “hold” rating for the company. Finally, TD Cowen initiated coverage on Sezzle in a research report on Thursday, September 11th. They set a “hold” rating and a $82.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $113.00.

Insider Activity

In other Sezzle news, CFO Karen Hartje sold 5,484 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $85.00, for a total value of $466,140.00. Following the transaction, the chief financial officer directly owned 116,053 shares in the company, valued at $9,864,505. The trade was a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul Paradis sold 3,000 shares of Sezzle stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $91.62, for a total value of $274,860.00. Following the completion of the transaction, the director directly owned 242,000 shares of the company’s stock, valued at $22,172,040. This represents a 1.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 49.49% of the company’s stock.

Sezzle Trading Down 3.0%

NASDAQ SEZL opened at $55.54 on Thursday. The company’s fifty day moving average price is $78.18 and its two-hundred day moving average price is $104.26. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 17.13 and a beta of 8.63. Sezzle Inc. has a 12 month low of $24.86 and a 12 month high of $186.74. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.52 and a quick ratio of 3.52.

Sezzle (NASDAQ:SEZL) last issued its quarterly earnings data on Tuesday, November 19th. The company reported $0.21 earnings per share for the quarter. The firm had revenue of $40.84 million for the quarter. Sezzle had a net margin of 27.66% and a return on equity of 90.06%. As a group, research analysts predict that Sezzle Inc. will post 9.77 earnings per share for the current fiscal year.

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.