Two Sigma Investments LP Invests $436,000 in Sezzle Inc. (NASDAQ:SEZL)

Two Sigma Investments LP acquired a new stake in Sezzle Inc. (NASDAQ:SEZL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,705 shares of the company’s stock, valued at approximately $436,000.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Sezzle by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 169,614 shares of the company’s stock worth $43,387,000 after buying an additional 3,853 shares in the last quarter. G2 Investment Partners Management LLC boosted its position in shares of Sezzle by 275.9% in the 4th quarter. G2 Investment Partners Management LLC now owns 102,192 shares of the company’s stock valued at $26,141,000 after purchasing an additional 75,007 shares during the period. Marshall Wace LLP boosted its position in shares of Sezzle by 792.3% in the 4th quarter. Marshall Wace LLP now owns 79,983 shares of the company’s stock valued at $20,460,000 after purchasing an additional 71,019 shares during the period. Millennium Management LLC raised its stake in Sezzle by 172.7% during the 4th quarter. Millennium Management LLC now owns 27,398 shares of the company’s stock valued at $7,008,000 after acquiring an additional 17,351 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its stake in Sezzle by 912.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 21,097 shares of the company’s stock valued at $5,397,000 after acquiring an additional 19,014 shares during the last quarter. 2.02% of the stock is owned by institutional investors and hedge funds.

Sezzle Stock Up 0.1%

NASDAQ:SEZL opened at $132.16 on Tuesday. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 14.06 and a beta of 9.06. Sezzle Inc. has a 1-year low of $11.50 and a 1-year high of $134.99. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54. The business’s fifty day moving average price is $71.11 and its 200 day moving average price is $54.70.

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

Insider Activity at Sezzle

In other Sezzle news, Director Paul Paradis sold 18,000 shares of the company’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $75.00, for a total transaction of $1,350,000.00. Following the transaction, the director now owns 315,000 shares of the company’s stock, valued at approximately $23,625,000. This represents a 5.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Karen Hartje sold 311,196 shares of Sezzle stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $71.83, for a total transaction of $22,353,208.68. Following the transaction, the chief financial officer now directly owns 154,266 shares in the company, valued at $11,080,926.78. The trade was a 66.86% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 441,396 shares of company stock worth $34,037,893 in the last 90 days. 49.49% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SEZL shares. Wall Street Zen downgraded Sezzle from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 22nd. B. Riley reissued a “buy” rating and issued a $62.83 price objective (up from $62.00) on shares of Sezzle in a research report on Wednesday, February 26th.

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.