Janus Henderson Group PLC Reduces Position in Sezzle Inc. (NASDAQ:SEZL)

Janus Henderson Group PLC lowered its holdings in Sezzle Inc. (NASDAQ:SEZL) by 8.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,652 shares of the company’s stock after selling 232 shares during the period. Janus Henderson Group PLC’s holdings in Sezzle were worth $452,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Principal Financial Group Inc. purchased a new position in shares of Sezzle during the 3rd quarter valued at approximately $548,000. Charles Schwab Investment Management Inc. raised its holdings in Sezzle by 191.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 20,363 shares of the company’s stock valued at $3,474,000 after acquiring an additional 13,383 shares in the last quarter. Navellier & Associates Inc. bought a new position in Sezzle during the 3rd quarter valued at $1,217,000. XTX Topco Ltd acquired a new position in Sezzle during the 2nd quarter worth $544,000. Finally, MetLife Investment Management LLC increased its position in shares of Sezzle by 129.2% in the 3rd quarter. MetLife Investment Management LLC now owns 1,446 shares of the company’s stock worth $247,000 after purchasing an additional 815 shares during the last quarter. Institutional investors and hedge funds own 2.02% of the company’s stock.

Insider Buying and Selling

In other news, COO Amin Sabzivand sold 1,500 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $187.00, for a total transaction of $280,500.00. Following the completion of the transaction, the chief operating officer now owns 48,360 shares in the company, valued at approximately $9,043,320. This represents a 3.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul Martin Purcell sold 9,808 shares of the stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $170.43, for a total transaction of $1,671,577.44. Following the completion of the sale, the director now directly owns 91,833 shares in the company, valued at approximately $15,651,098.19. This trade represents a 9.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,566 shares of company stock worth $8,752,707 over the last quarter. 57.65% of the stock is owned by company insiders.

Sezzle Stock Down 2.2 %

Shares of NASDAQ:SEZL opened at $309.01 on Monday. The company’s fifty day moving average is $299.18 and its two-hundred day moving average is $176.60. 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 1-year low of $12.93 and a 1-year high of $477.52. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 32.87 and a beta of 9.23.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. B. Riley increased their price target on shares of Sezzle from $132.00 to $163.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Northland Securities increased their target price on Sezzle from $185.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, November 8th.

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.