Sezzle Inc. (NASDAQ:SEZL) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in shares of Sezzle Inc. (NASDAQ:SEZL) by 191.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,363 shares of the company’s stock after purchasing an additional 13,383 shares during the period. Charles Schwab Investment Management Inc. owned 0.36% of Sezzle worth $3,474,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SEZL. Covestor Ltd purchased a new stake in shares of Sezzle in the 3rd quarter valued at approximately $38,000. SG Americas Securities LLC purchased a new stake in Sezzle in the third quarter valued at $165,000. Rhumbline Advisers acquired a new position in shares of Sezzle in the 2nd quarter valued at $203,000. OmniStar Financial Group Inc. purchased a new position in shares of Sezzle during the 3rd quarter worth $354,000. Finally, Divisadero Street Capital Management LP acquired a new stake in shares of Sezzle during the 2nd quarter worth about $356,000. 2.02% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Sezzle news, Director Kyle M. Brehm purchased 110 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was bought at an average price of $360.00 per share, with a total value of $39,600.00. Following the transaction, the director now directly owns 3,718 shares of the company’s stock, valued at approximately $1,338,480. This represents a 3.05 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Amin Sabzivand sold 1,500 shares of the company’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $187.00, for a total value of $280,500.00. Following the sale, the chief operating officer now directly owns 48,360 shares in the company, valued at $9,043,320. This represents a 3.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,566 shares of company stock worth $8,752,707 over the last three months. Company insiders own 57.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. B. Riley upped their target price on shares of Sezzle from $132.00 to $163.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Northland Securities upped their price objective on shares of Sezzle from $185.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, November 8th.

Sezzle Price Performance

SEZL opened at $309.01 on Friday. The stock’s 50-day moving average price is $299.18 and its 200 day moving average price is $175.92. Sezzle Inc. has a 12-month low of $12.93 and a 12-month high of $477.52. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 32.87 and a beta of 9.23. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54.

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.