Charles Schwab Investment Management Inc. Purchases 334 Shares of Sezzle Inc. (NASDAQ:SEZL)

Charles Schwab Investment Management Inc. lifted its position in shares of Sezzle Inc. (NASDAQ:SEZL) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,697 shares of the company’s stock after purchasing an additional 334 shares during the period. Charles Schwab Investment Management Inc. owned 0.37% of Sezzle worth $5,294,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Sezzle by 3.5% during the 3rd quarter. State Street Corp now owns 49,362 shares of the company’s stock worth $8,421,000 after buying an additional 1,683 shares in the last quarter. Calamos Advisors LLC purchased a new stake in shares of Sezzle during the fourth quarter valued at approximately $2,423,000. Navellier & Associates Inc. lifted its holdings in Sezzle by 21.5% during the fourth quarter. Navellier & Associates Inc. now owns 8,667 shares of the company’s stock worth $2,217,000 after acquiring an additional 1,531 shares during the period. Bank of New York Mellon Corp boosted its position in Sezzle by 28.0% in the fourth quarter. Bank of New York Mellon Corp now owns 6,304 shares of the company’s stock worth $1,613,000 after purchasing an additional 1,378 shares during the last quarter. Finally, Barclays PLC boosted its position in Sezzle by 125.4% in the third quarter. Barclays PLC now owns 4,515 shares of the company’s stock worth $771,000 after purchasing an additional 2,512 shares during the last quarter. 2.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 sale, the chief financial officer now directly owns 35,121 shares of the company’s stock, valued at $11,109,474.72. The trade was a 8.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 57.65% of the stock is owned by insiders.

Sezzle Trading Down 1.0 %

Shares of Sezzle stock opened at $250.49 on Wednesday. The company has a 50 day simple moving average of $258.27 and a two-hundred day simple moving average of $258.86. The firm has a market cap of $1.41 billion, a PE ratio of 26.65 and a beta of 9.09. Sezzle Inc. has a 1 year low of $40.39 and a 1 year high of $477.53. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.40 and a quick ratio of 2.40.

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

Sezzle announced that its board has approved a stock repurchase program on Monday, March 10th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to purchase up to 4.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. B. Riley reiterated a “buy” rating and set a $377.00 target price (up from $372.00) on shares of Sezzle in a research note on Wednesday, February 26th. Northland Securities lifted their price objective on shares of Sezzle from $300.00 to $360.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th.

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.