State Street Corp Boosts Stock Position in Sezzle Inc. (NASDAQ:SEZL)

State Street Corp increased its stake in Sezzle Inc. (NASDAQ:SEZL) by 3.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 49,362 shares of the company’s stock after purchasing an additional 1,683 shares during the quarter. State Street Corp owned about 0.88% of Sezzle worth $8,421,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Covestor Ltd purchased a new position in Sezzle during the 3rd quarter valued at about $38,000. SG Americas Securities LLC bought a new position in shares of Sezzle in the third quarter valued at approximately $165,000. Rhumbline Advisers purchased a new position in Sezzle during the second quarter valued at approximately $203,000. MetLife Investment Management LLC increased its holdings in Sezzle by 129.2% during the 3rd quarter. MetLife Investment Management LLC now owns 1,446 shares of the company’s stock worth $247,000 after acquiring an additional 815 shares during the period. Finally, Verition Fund Management LLC bought a new stake in Sezzle during the 3rd quarter worth approximately $274,000. 2.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Sezzle

In other news, Director Paul Martin Purcell sold 9,808 shares of the company’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $170.43, for a total value of $1,671,577.44. Following the completion of the transaction, the director now directly owns 91,833 shares in the company, valued at approximately $15,651,098.19. This represents a 9.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kyle M. Brehm acquired 110 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were purchased at an average cost of $360.00 per share, for a total transaction of $39,600.00. Following the completion of the acquisition, the director now owns 3,718 shares in the company, valued at $1,338,480. This represents a 3.05 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 28,339 shares of company stock valued at $6,760,504 in the last quarter. Insiders own 57.65% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on SEZL shares. Northland Securities boosted their price target on shares of Sezzle from $300.00 to $360.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. B. Riley reissued a “buy” rating and set a $372.00 price objective (up previously from $353.00) on shares of Sezzle in a research note on Thursday, December 19th.

Sezzle Trading Down 2.7 %

Shares of SEZL opened at $265.06 on Friday. Sezzle Inc. has a 1-year low of $16.23 and a 1-year high of $477.52. The company has a market capitalization of $1.49 billion, a P/E ratio of 28.20 and a beta of 9.23. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.40 and a quick ratio of 2.40. The firm’s 50 day simple moving average is $316.30 and its 200 day simple moving average is $188.36.

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.