5,500 Shares in Sezzle Inc. (NASDAQ:SEZL) Bought by Swiss National Bank

Swiss National Bank acquired a new stake in shares of Sezzle Inc. (NASDAQ:SEZL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,500 shares of the company’s stock, valued at approximately $1,407,000. Swiss National Bank owned about 0.10% of Sezzle as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp lifted its holdings in shares of 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 acquiring an additional 1,683 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Sezzle by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,697 shares of the company’s stock valued at $5,294,000 after purchasing an additional 334 shares during the period. Calamos Advisors LLC bought a new stake in shares of Sezzle in the 4th quarter valued at approximately $2,423,000. Navellier & Associates Inc. boosted its holdings in shares of Sezzle by 21.5% in the 4th quarter. Navellier & Associates Inc. now owns 8,667 shares of the company’s stock worth $2,217,000 after purchasing an additional 1,531 shares during the period. Finally, Independent Advisor Alliance bought a new position in shares of Sezzle during the 4th quarter valued at approximately $1,872,000. 2.02% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Sezzle

In related 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 completion of the sale, the chief financial officer now owns 35,121 shares in the company, valued at approximately $11,109,474.72. The trade was a 8.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 57.65% of the company’s stock.

Sezzle Price Performance

SEZL opened at $210.99 on Friday. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54. The business has a fifty day moving average of $256.79 and a 200 day moving average of $259.02. Sezzle Inc. has a 52-week low of $40.39 and a 52-week high of $477.53. The stock has a market cap of $1.19 billion, a P/E ratio of 22.45 and a beta of 9.09.

Sezzle (NASDAQ:SEZL) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $4.39 EPS for the quarter, topping analysts’ consensus estimates of $3.08 by $1.31. Sezzle had a net margin of 25.29% and a return on equity of 101.18%. The firm had revenue of $271.13 billion for the quarter, compared to analysts’ expectations of $73.90 million. As a group, sell-side analysts anticipate that Sezzle Inc. will post 9.77 EPS for the current year.

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

Wall Street Analysts Forecast Growth

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