Principal Financial Group Inc. Buys New Shares in Sezzle Inc. (NASDAQ:SEZL)

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

Several other hedge funds and other institutional investors also recently bought and sold shares of SEZL. Covestor Ltd purchased a new position in shares of Sezzle during the 3rd quarter valued at about $38,000. SG Americas Securities LLC purchased a new position in Sezzle in the third quarter valued at $165,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Sezzle in the third quarter worth about $188,000. Rhumbline Advisers acquired a new stake in Sezzle in the second quarter valued at approximately $203,000. Finally, MetLife Investment Management LLC grew its holdings in Sezzle by 129.2% in the third quarter. MetLife Investment Management LLC now owns 1,446 shares of the company’s stock valued at $247,000 after purchasing an additional 815 shares during the period. Institutional investors and hedge funds own 2.02% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Northland Securities upped their target price on Sezzle from $300.00 to $360.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. B. Riley reaffirmed a “buy” rating and set a $372.00 target price (up previously from $353.00) on shares of Sezzle in a research note on Thursday, December 19th.

Insider Activity

In other Sezzle news, Director Kyle M. Brehm purchased 106 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were bought at an average cost of $402.00 per share, for a total transaction of $42,612.00. Following the completion of the purchase, the director now directly owns 3,608 shares of the company’s stock, valued at approximately $1,450,416. This trade represents a 3.03 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul Paradis sold 4,026 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $400.00, for a total value of $1,610,400.00. Following the sale, the director now owns 68,846 shares in the company, valued at approximately $27,538,400. This trade represents a 5.52 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,707 shares of company stock valued at $3,799,062. 57.65% of the stock is currently owned by corporate insiders.

Sezzle Stock Performance

NASDAQ SEZL opened at $278.69 on Monday. The stock has a fifty day simple moving average of $322.71 and a 200-day simple moving average of $195.66. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54. The stock has a market cap of $1.56 billion, a PE ratio of 29.65 and a beta of 9.72. Sezzle Inc. has a twelve month low of $16.23 and a twelve month high of $477.52.

Sezzle Company 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.