Divisadero Street Capital Management LP Takes Position in Sezzle Inc. (NASDAQ:SEZL)

Divisadero Street Capital Management LP bought a new stake in Sezzle Inc. (NASDAQ:SEZL) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 4,033 shares of the company’s stock, valued at approximately $356,000. Divisadero Street Capital Management LP owned about 0.07% of Sezzle as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. acquired a new stake in shares of Sezzle in the first quarter valued at approximately $13,369,000. Bank of New York Mellon Corp bought a new stake in Sezzle in the 2nd quarter valued at $611,000. XTX Topco Ltd acquired a new stake in Sezzle during the 2nd quarter valued at $544,000. Finally, Rhumbline Advisers acquired a new stake in Sezzle during the 2nd quarter valued at $203,000. Institutional investors own 2.02% of the company’s stock.

Insider Buying and Selling at Sezzle

In other news, Director Paul Martin Purcell sold 29,924 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $121.61, for a total transaction of $3,639,057.64. Following the transaction, the director now directly owns 269,716 shares of the company’s stock, valued at $32,800,162.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Amin Sabzivand sold 1,500 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $147.10, for a total value of $220,650.00. Following the completion of the transaction, the chief operating officer now owns 51,748 shares of the company’s stock, valued at $7,612,130.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Paul Martin Purcell sold 29,924 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $121.61, for a total transaction of $3,639,057.64. Following the sale, the director now owns 269,716 shares in the company, valued at $32,800,162.76. The disclosure for this sale can be found here. Insiders sold 199,687 shares of company stock valued at $22,882,013 in the last quarter. Company insiders own 57.65% of the company’s stock.

Sezzle Stock Performance

Shares of NASDAQ SEZL opened at $160.15 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 2.07 and a quick ratio of 2.07. The firm has a market cap of $896.84 million and a price-to-earnings ratio of 70.24. The stock’s fifty day moving average price is $113.89 and its two-hundred day moving average price is $85.93. Sezzle Inc. has a one year low of $7.15 and a one year high of $166.18.

Sezzle (NASDAQ:SEZL) last announced its earnings results on Wednesday, August 7th. The company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $1.33. Sezzle had a net margin of 21.77% and a return on equity of 84.38%. The company had revenue of $55.97 million during the quarter, compared to analysts’ expectations of $43.35 million. On average, equities analysts forecast that Sezzle Inc. will post 6.71 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on SEZL. B. Riley upped their price objective on shares of Sezzle from $132.00 to $163.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Northland Securities reiterated an “outperform” rating and issued a $150.00 price target (up previously from $119.00) on shares of Sezzle in a research note on Thursday, August 29th. Finally, Northland Capmk upgraded shares of Sezzle to a “strong-buy” rating in a research report on Tuesday, July 9th.

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.