Sezzle Inc. (NASDAQ:SEZL) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC trimmed its position in shares of Sezzle Inc. (NASDAQ:SEZL) by 20.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,510 shares of the company’s stock after selling 3,543 shares during the period. Nuveen Asset Management LLC owned approximately 0.24% of Sezzle worth $3,456,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SEZL. G2 Investment Partners Management LLC increased its holdings in shares of Sezzle by 275.9% during the 4th quarter. G2 Investment Partners Management LLC now owns 102,192 shares of the company’s stock worth $26,141,000 after buying an additional 75,007 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Sezzle by 792.3% during the 4th quarter. Marshall Wace LLP now owns 79,983 shares of the company’s stock worth $20,460,000 after buying an additional 71,019 shares during the last quarter. D. E. Shaw & Co. Inc. increased its holdings in shares of Sezzle by 912.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 21,097 shares of the company’s stock worth $5,397,000 after buying an additional 19,014 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Sezzle by 172.7% during the 4th quarter. Millennium Management LLC now owns 27,398 shares of the company’s stock worth $7,008,000 after buying an additional 17,351 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of Sezzle by 816.9% during the 4th quarter. Jane Street Group LLC now owns 15,707 shares of the company’s stock worth $4,018,000 after buying an additional 13,994 shares during the last quarter. 2.02% of the stock is currently owned by institutional investors and hedge funds.

Sezzle Stock Performance

NASDAQ:SEZL opened at $105.69 on Monday. 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 50-day moving average of $60.84 and a two-hundred day moving average of $52.49. The stock has a market cap of $3.52 billion, a P/E ratio of 11.24 and a beta of 8.41. Sezzle Inc. has a 1-year low of $11.50 and a 1-year high of $115.84.

Sezzle declared that its Board of Directors has approved a stock repurchase program on Monday, March 10th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 4.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Sezzle

In other Sezzle news, Director Paul Paradis sold 18,000 shares of the company’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $75.00, for a total value of $1,350,000.00. Following the completion of the transaction, the director now directly owns 315,000 shares of the company’s stock, valued at $23,625,000. This represents a 5.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Amin Sabzivand sold 9,000 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $81.86, for a total transaction of $736,740.00. Following the transaction, the chief operating officer now directly owns 277,074 shares in the company, valued at $22,681,277.64. The trade was a 3.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 441,396 shares of company stock valued at $34,037,893 in the last ninety days. Insiders own 49.49% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wall Street Zen downgraded Sezzle from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 22nd. B. Riley reiterated a “buy” rating and issued a $62.83 price target (up from $62.00) on shares of Sezzle in a report on Wednesday, February 26th.

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.