Bank of New York Mellon Corp Purchases 1,378 Shares of Sezzle Inc. (NASDAQ:SEZL)

Bank of New York Mellon Corp boosted its position in Sezzle Inc. (NASDAQ:SEZL) by 28.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,304 shares of the company’s stock after buying an additional 1,378 shares during the period. Bank of New York Mellon Corp owned approximately 0.11% of Sezzle worth $1,613,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SEZL. Principal Financial Group Inc. bought a new stake in Sezzle in the 3rd quarter valued at about $548,000. Charles Schwab Investment Management Inc. increased its position in 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 buying an additional 13,383 shares in the last quarter. MetLife Investment Management LLC increased its position in Sezzle by 129.2% in the 3rd quarter. MetLife Investment Management LLC now owns 1,446 shares of the company’s stock valued at $247,000 after buying an additional 815 shares in the last quarter. Verition Fund Management LLC bought a new stake in Sezzle in the 3rd quarter valued at about $274,000. Finally, State Street Corp increased its position in Sezzle by 3.5% in the 3rd quarter. State Street Corp now owns 49,362 shares of the company’s stock valued at $8,421,000 after buying an additional 1,683 shares in the last quarter. 2.02% of the stock is owned by institutional investors.

Insider Transactions at Sezzle

In other news, CFO Karen Hartje sold 3,457 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $316.32, for a total value of $1,093,518.24. Following the transaction, the chief financial officer now owns 35,121 shares in the company, valued at $11,109,474.72. The trade was a 8.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 57.65% of the company’s stock.

Wall Street Analyst Weigh In

SEZL has been the subject of a number of research analyst reports. Northland Securities boosted their target price on 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 $377.00 price objective (up from $372.00) on shares of Sezzle in a report on Wednesday, February 26th.

Sezzle Stock Performance

Shares of SEZL opened at $235.93 on Friday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.40 and a current ratio of 2.40. The stock has a 50 day moving average price of $257.31 and a two-hundred day moving average price of $256.32. The firm has a market capitalization of $1.33 billion, a P/E ratio of 25.10 and a beta of 9.05. Sezzle Inc. has a 52 week low of $40.39 and a 52 week high of $477.53.

Sezzle (NASDAQ:SEZL) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $4.39 EPS for the quarter, topping analysts’ consensus estimates of $3.08 by $1.31. The firm had revenue of $271.13 billion during the quarter, compared to analyst estimates of $73.90 million. Sezzle had a return on equity of 101.18% and a net margin of 25.29%. Equities analysts forecast that Sezzle Inc. will post 9.77 earnings per share for the current fiscal year.

Sezzle declared that its Board of Directors has authorized a share repurchase program on Monday, March 10th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 4.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Sezzle 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.