Creative Planning Acquires New Holdings in Sezzle Inc. (NASDAQ:SEZL)

Creative Planning acquired a new stake in shares of Sezzle Inc. (NASDAQ:SEZL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,246 shares of the company’s stock, valued at approximately $383,000.

Several other institutional investors also recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in Sezzle in the third quarter worth $165,000. Rhumbline Advisers purchased a new position in Sezzle in the second quarter worth $203,000. Divisadero Street Capital Management LP purchased a new position in Sezzle in the second quarter worth $356,000. XTX Topco Ltd purchased a new position in Sezzle in the second quarter worth $544,000. Finally, Bank of New York Mellon Corp purchased a new position in Sezzle in the second quarter worth $611,000. 2.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on SEZL. Northland Securities reaffirmed an “outperform” rating and issued a $185.00 price target (up from $150.00) on shares of Sezzle in a report on Monday, September 23rd. B. Riley boosted 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.

Insider Activity at Sezzle

In related news, COO Amin Sabzivand sold 1,500 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $205.57, for a total transaction of $308,355.00. Following the completion of the transaction, the chief operating officer now directly owns 46,860 shares in the company, valued at $9,633,010.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, COO Amin Sabzivand sold 1,500 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $205.57, for a total transaction of $308,355.00. Following the completion of the transaction, the chief operating officer now directly owns 46,860 shares in the company, valued at $9,633,010.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul Martin Purcell sold 7,824 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $164.86, for a total transaction of $1,289,864.64. Following the transaction, the director now owns 82,776 shares of the company’s stock, valued at $13,646,451.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 160,989 shares of company stock worth $22,207,483 over the last three months. Company insiders own 57.65% of the company’s stock.

Sezzle Price Performance

Shares of SEZL opened at $250.47 on Friday. The firm has a market capitalization of $1.40 billion, a PE ratio of 35.73 and a beta of 8.49. The company has a debt-to-equity ratio of 1.37, a current ratio of 2.07 and a quick ratio of 2.07. Sezzle Inc. has a 1-year low of $9.01 and a 1-year high of $269.16. The company’s fifty day moving average price is $173.51 and its 200-day moving average price is $115.21.

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

Sezzle 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.