Teacher Retirement System of Texas Makes New Investment in Sezzle Inc. (NASDAQ:SEZL)

Teacher Retirement System of Texas purchased a new stake in shares of Sezzle Inc. (NASDAQ:SEZL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 811 shares of the company’s stock, valued at approximately $207,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Plato Investment Management Ltd acquired a new stake in Sezzle during the fourth quarter valued at approximately $30,000. Modus Advisors LLC bought a new position in shares of Sezzle in the fourth quarter valued at $80,000. Principal Securities Inc. bought a new position in shares of Sezzle in the fourth quarter valued at $84,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Sezzle during the 3rd quarter valued at $188,000. Finally, Arizona State Retirement System purchased a new stake in shares of Sezzle during the fourth quarter valued at $207,000. Institutional investors own 2.02% of the company’s stock.

Insider Activity at Sezzle

In related news, CFO Karen Hartje sold 20,742 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $52.72, for a total transaction of $1,093,518.24. Following the completion of the transaction, the chief financial officer now owns 210,726 shares of the company’s stock, valued at approximately $11,109,474.72. The trade was a 8.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 57.65% of the stock is currently owned by company insiders.

Sezzle Stock Performance

Shares of NASDAQ SEZL opened at $37.19 on Thursday. The business’s 50-day simple moving average is $42.69 and its 200-day simple moving average is $43.56. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.40 and a current ratio of 2.40. Sezzle Inc. has a 52 week low of $6.73 and a 52 week high of $79.59. The firm has a market cap of $209.83 million, a price-to-earnings ratio of 3.96 and a beta of 9.09.

Sezzle (NASDAQ:SEZL) last announced its earnings results on Tuesday, February 25th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.22. Sezzle had a return on equity of 101.18% and a net margin of 25.29%. The firm had revenue of $271.13 billion during the quarter, compared to analysts’ expectations of $73.90 million. As a group, equities research analysts expect that Sezzle Inc. will post 9.77 earnings per share for the current fiscal year.

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SEZL shares. Northland Securities raised their price objective on shares of Sezzle from $50.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. B. Riley restated a “buy” rating and issued a $62.83 target price (up previously from $62.00) on shares of Sezzle in a research note on Wednesday, February 26th.

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.