US Bancorp DE Buys 1,299 Shares of Sezzle Inc. $SEZL

US Bancorp DE grew its position in Sezzle Inc. (NASDAQ:SEZL) by 465.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,578 shares of the company’s stock after purchasing an additional 1,299 shares during the quarter. US Bancorp DE’s holdings in Sezzle were worth $55,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC lifted its holdings in shares of Sezzle by 49,400.0% in the 1st quarter. CWM LLC now owns 990 shares of the company’s stock worth $35,000 after purchasing an additional 988 shares in the last quarter. Meeder Asset Management Inc. grew its position in shares of Sezzle by 1,852.5% in the first quarter. Meeder Asset Management Inc. now owns 2,382 shares of the company’s stock valued at $83,000 after purchasing an additional 2,260 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Sezzle by 94.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 407 shares of the company’s stock worth $104,000 after acquiring an additional 198 shares during the period. KLP Kapitalforvaltning AS raised its holdings in shares of Sezzle by 500.0% in the 1st quarter. KLP Kapitalforvaltning AS now owns 3,000 shares of the company’s stock valued at $105,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Sezzle in the 1st quarter valued at about $131,000. 2.02% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Paul Paradis sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $88.21, for a total value of $264,630.00. Following the completion of the sale, the director owned 245,000 shares of the company’s stock, valued at $21,611,450. This trade represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Karen Hartje sold 5,484 shares of Sezzle stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $168.02, for a total transaction of $921,421.68. Following the sale, the chief financial officer directly owned 126,846 shares in the company, valued at $21,312,664.92. The trade was a 4.14% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 80,696 shares of company stock worth $11,817,465. 49.49% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SEZL has been the topic of a number of recent analyst reports. Oppenheimer raised their target price on shares of Sezzle from $168.00 to $202.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. B. Riley increased their target price on shares of Sezzle from $101.00 to $111.00 and gave the company a “buy” rating in a report on Monday, August 11th. Finally, Wall Street Zen downgraded shares of Sezzle from a “buy” rating to a “hold” rating in a research note on Saturday.

Sezzle Stock Up 1.5%

Shares of Sezzle stock opened at $93.23 on Tuesday. The company’s 50 day moving average price is $141.55 and its 200-day moving average price is $87.36. Sezzle Inc. has a 52-week low of $19.89 and a 52-week high of $186.74. The company has a debt-to-equity ratio of 1.00, a quick ratio of 3.51 and a current ratio of 3.51. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 31.95 and a beta of 9.09.

Sezzle (NASDAQ:SEZL) last posted its earnings results on Thursday, August 7th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.11. Sezzle had a return on equity of 102.90% and a net margin of 28.13%. The company had revenue of $60.31 million for the quarter, compared to analysts’ expectations of $93.33 million. Equities research analysts forecast that Sezzle Inc. will post 9.77 EPS for the current year.

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.