Mirae Asset Global Investments Co. Ltd. Invests $131,000 in Sezzle Inc. (NASDAQ:SEZL)

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Sezzle Inc. (NASDAQ:SEZL) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,768 shares of the company’s stock, valued at approximately $131,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Meeder Asset Management Inc. purchased a new position in Sezzle in the fourth quarter valued at $31,000. Federated Hermes Inc. boosted its holdings in Sezzle by 3,575.0% in the fourth quarter. Federated Hermes Inc. now owns 147 shares of the company’s stock valued at $38,000 after purchasing an additional 143 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Sezzle by 94.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 407 shares of the company’s stock valued at $104,000 after purchasing an additional 198 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Sezzle in the fourth quarter valued at $128,000. Finally, BNP Paribas Financial Markets purchased a new position in Sezzle in the fourth quarter valued at $136,000. 2.02% of the stock is currently owned by hedge funds and other institutional investors.

Sezzle Stock Up 5.1%

Sezzle stock opened at $181.07 on Monday. Sezzle Inc. has a 1-year low of $11.67 and a 1-year high of $182.49. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.62 and a quick ratio of 2.62. The stock has a market cap of $6.03 billion, a PE ratio of 61.17 and a beta of 9.16. The stock’s fifty day moving average is $114.82 and its two-hundred day moving average is $67.27.

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

Insiders Place Their Bets

In other Sezzle news, Director Paul Paradis sold 3,000 shares of the firm’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $176.08, for a total value of $528,240.00. Following the sale, the director directly owned 263,000 shares in the company, valued at $46,309,040. This trade represents a 1.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Amin Sabzivand sold 6,028 shares of the firm’s stock in a transaction on Friday, June 27th. The shares were sold at an average price of $164.23, for a total value of $989,978.44. Following the completion of the sale, the chief operating officer owned 243,303 shares in the company, valued at approximately $39,957,651.69. This represents a 2.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 489,608 shares of company stock worth $41,660,224. 49.49% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wall Street Zen lowered Sezzle from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 22nd. Oppenheimer lifted their target price on Sezzle from $168.00 to $202.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $108.28.

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.