Swiss National Bank lifted its stake in Sezzle Inc. (NASDAQ:SEZL – Free Report) by 489.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 32,400 shares of the company’s stock after acquiring an additional 26,900 shares during the quarter. Swiss National Bank owned 0.10% of Sezzle worth $1,130,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its holdings in Sezzle by 518.0% during the 1st quarter. Bank of New York Mellon Corp now owns 38,960 shares of the company’s stock worth $1,359,000 after buying an additional 32,656 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Sezzle in the 4th quarter valued at $311,000. Allianz Asset Management GmbH raised its holdings in shares of Sezzle by 937.0% in the 1st quarter. Allianz Asset Management GmbH now owns 15,420 shares of the company’s stock valued at $538,000 after purchasing an additional 13,933 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Sezzle in the 1st quarter valued at $747,000. Finally, Rhumbline Advisers grew its position in shares of Sezzle by 649.1% in the 1st quarter. Rhumbline Advisers now owns 19,146 shares of the company’s stock valued at $668,000 after buying an additional 16,590 shares during the last quarter. 2.02% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Sezzle
In other news, Director Paul Paradis sold 3,000 shares of Sezzle stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $91.62, for a total transaction of $274,860.00. Following the completion of the sale, the director directly owned 242,000 shares in the company, valued at $22,172,040. The trade was a 1.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Karen Hartje sold 5,484 shares of Sezzle stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $168.02, for a total transaction of $921,421.68. Following the sale, the chief financial officer owned 126,846 shares of the company’s stock, valued at approximately $21,312,664.92. This trade represents a 4.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 68,696 shares of company stock worth $10,476,922 over the last ninety days. 49.49% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on Sezzle
Sezzle Stock Performance
Shares of SEZL opened at $92.30 on Tuesday. The company has a current ratio of 3.51, a quick ratio of 3.51 and a debt-to-equity ratio of 1.00. The stock has a market cap of $3.14 billion, a P/E ratio of 31.63 and a beta of 9.09. The company has a 50-day moving average of $137.15 and a two-hundred day moving average of $89.13. Sezzle Inc. has a 12-month low of $19.89 and a 12-month high of $186.74.
Sezzle (NASDAQ:SEZL – Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.11. The company had revenue of $60.31 million during the quarter, compared to analysts’ expectations of $93.33 million. Sezzle had a net margin of 28.13% and a return on equity of 102.90%. As a group, research analysts predict that Sezzle Inc. will post 9.77 EPS for the current fiscal 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.
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