Principal Financial Group Inc. Acquires Shares of 3,215 Sezzle Inc. (NASDAQ:SEZL)

Principal Financial Group Inc. acquired a new stake in shares of Sezzle Inc. (NASDAQ:SEZL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,215 shares of the company’s stock, valued at approximately $548,000. Principal Financial Group Inc. owned about 0.06% of Sezzle at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SEZL. SG Americas Securities LLC purchased a new position in Sezzle during the third quarter valued at $165,000. Rhumbline Advisers purchased a new position in shares of Sezzle in the second quarter worth $203,000. OmniStar Financial Group Inc. purchased a new position in shares of Sezzle in the third quarter worth $354,000. Divisadero Street Capital Management LP purchased a new position in shares of Sezzle in the second quarter worth $356,000. Finally, Creative Planning purchased a new position in shares of Sezzle in the third quarter worth $383,000. Hedge funds and other institutional investors own 2.02% of the company’s stock.

Insider Buying and Selling

In related news, Director Kyle M. Brehm purchased 106 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was acquired at an average price of $402.00 per share, with a total value of $42,612.00. Following the completion of the acquisition, the director now owns 3,608 shares of the company’s stock, valued at approximately $1,450,416. This trade represents a 3.03 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Paul Martin Purcell sold 3,808 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $130.42, for a total value of $496,639.36. Following the sale, the director now directly owns 199,607 shares of the company’s stock, valued at $26,032,744.94. This represents a 1.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 90,597 shares of company stock valued at $14,724,538 over the last 90 days. Company insiders own 57.65% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on SEZL. Northland Securities boosted their price target on Sezzle from $185.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. B. Riley boosted their price target on Sezzle from $132.00 to $163.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd.

Sezzle Stock Performance

Shares of SEZL opened at $463.98 on Monday. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.40 and a quick ratio of 2.40. Sezzle Inc. has a one year low of $9.75 and a one year high of $477.52. The firm has a market capitalization of $2.60 billion, a P/E ratio of 49.36 and a beta of 8.49. The business has a fifty day moving average of $235.54 and a 200 day moving average of $144.72.

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.