MetLife Investment Management LLC Raises Stake in Sezzle Inc. (NASDAQ:SEZL)

MetLife Investment Management LLC grew its holdings in shares of Sezzle Inc. (NASDAQ:SEZL) by 129.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,446 shares of the company’s stock after acquiring an additional 815 shares during the quarter. MetLife Investment Management LLC’s holdings in Sezzle were worth $247,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Covestor Ltd purchased a new position in Sezzle in the 3rd quarter worth approximately $38,000. SG Americas Securities LLC bought a new stake in Sezzle during the 3rd quarter valued at $165,000. OmniStar Financial Group Inc. purchased a new stake in Sezzle during the 3rd quarter valued at $354,000. Creative Planning bought a new stake in Sezzle in the 3rd quarter worth $383,000. Finally, Rhumbline Advisers purchased a new position in shares of Sezzle in the second quarter valued at about $203,000. 2.02% of the stock is currently owned by institutional investors.

Insider Activity

In other Sezzle news, Director Kyle M. Brehm bought 110 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was bought at an average cost of $360.00 per share, for a total transaction of $39,600.00. Following the completion of the transaction, the director now owns 3,718 shares of the company’s stock, valued at $1,338,480. This represents a 3.05 % increase in their position. 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 2,401 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $465.72, for a total value of $1,118,193.72. Following the transaction, the director now owns 58,275 shares of the company’s stock, valued at approximately $27,139,833. This trade represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 57,066 shares of company stock worth $11,066,157 in the last quarter. 57.65% of the stock is owned by company insiders.

Sezzle Stock Performance

Shares of SEZL opened at $362.23 on Monday. Sezzle Inc. has a one year low of $10.72 and a one year high of $477.52. The company has a 50-day simple moving average of $283.15 and a two-hundred day simple moving average of $167.82. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.40 and a quick ratio of 2.40. The firm has a market capitalization of $2.03 billion, a PE ratio of 38.54 and a beta of 9.23.

Wall Street Analyst Weigh In

Several research firms have weighed in on SEZL. Northland Securities increased their price objective on Sezzle from $185.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. B. Riley raised their price target on Sezzle from $132.00 to $163.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd.

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.