Barclays PLC Grows Holdings in Sezzle Inc. (NASDAQ:SEZL)

Barclays PLC grew its stake in Sezzle Inc. (NASDAQ:SEZL) by 125.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 4,515 shares of the company’s stock after acquiring an additional 2,512 shares during the period. Barclays PLC owned about 0.08% of Sezzle worth $771,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in SEZL. Charles Schwab Investment Management Inc. raised its stake in shares of Sezzle by 191.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 20,363 shares of the company’s stock valued at $3,474,000 after acquiring an additional 13,383 shares during the period. Navellier & Associates Inc. purchased a new stake in shares of Sezzle in the 3rd quarter valued at approximately $1,217,000. Bank of New York Mellon Corp purchased a new stake in shares of Sezzle in the 2nd quarter valued at approximately $611,000. XTX Topco Ltd purchased a new stake in shares of Sezzle in the 2nd quarter valued at approximately $544,000. Finally, Divisadero Street Capital Management LP purchased a new stake in shares of Sezzle in the 2nd quarter valued at approximately $356,000. 2.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Sezzle news, Director Paul Martin Purcell sold 1,280 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $376.26, for a total value of $481,612.80. Following the sale, the director now directly owns 81,496 shares of the company’s stock, valued at approximately $30,663,684.96. This represents a 1.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Kyle M. Brehm acquired 106 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was purchased at an average cost of $402.00 per share, for a total transaction of $42,612.00. Following the completion of the transaction, the director now owns 3,608 shares in the company, valued at approximately $1,450,416. The trade was a 3.03 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 7,707 shares of company stock valued at $3,210,207 in the last ninety days. Company insiders own 57.65% of the company’s stock.

Sezzle Price Performance

Shares of SEZL opened at $259.57 on Thursday. Sezzle Inc. has a fifty-two week low of $18.23 and a fifty-two week high of $477.52. The firm’s 50 day moving average price is $326.93 and its 200 day moving average price is $204.37. The company has a market cap of $1.46 billion, a P/E ratio of 27.61 and a beta of 9.72. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54.

Wall Street Analysts Forecast Growth

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

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.