Russell Investments Group Ltd. Boosts Stock Holdings in Sezzle Inc. $SEZL

Russell Investments Group Ltd. raised its holdings in Sezzle Inc. (NASDAQ:SEZL) by 162.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,620 shares of the company’s stock after acquiring an additional 20,173 shares during the period. Russell Investments Group Ltd. owned approximately 0.10% of Sezzle worth $1,138,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SEZL. Vanguard Group Inc. raised its holdings in Sezzle by 497.6% in the 1st quarter. Vanguard Group Inc. now owns 1,013,698 shares of the company’s stock valued at $35,368,000 after acquiring an additional 844,084 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Sezzle by 483.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 120,661 shares of the company’s stock valued at $4,210,000 after acquiring an additional 99,964 shares during the last quarter. G2 Investment Partners Management LLC raised its holdings in 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 acquiring an additional 75,007 shares during the last quarter. Independent Advisor Alliance raised its holdings in Sezzle by 584.5% in the 1st quarter. Independent Advisor Alliance now owns 50,106 shares of the company’s stock valued at $1,748,000 after acquiring an additional 42,786 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in Sezzle in the 1st quarter valued at about $1,384,000. Institutional investors and hedge funds own 2.02% of the company’s stock.

Sezzle Stock Up 3.4%

Sezzle stock opened at $95.81 on Friday. Sezzle Inc. has a fifty-two week low of $20.74 and a fifty-two 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 firm has a 50 day moving average price of $134.19 and a 200 day moving average price of $89.52. The company has a market capitalization of $3.26 billion, a PE ratio of 32.83 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 for the quarter, beating the consensus estimate of $0.58 by $0.11. Sezzle had a net margin of 28.13% and a return on equity of 102.90%. The firm had revenue of $60.31 million during the quarter, compared to the consensus estimate of $93.33 million. Research analysts expect that Sezzle Inc. will post 9.77 earnings per share for the current year.

Insider Buying and Selling at Sezzle

In other Sezzle news, COO Amin Sabzivand sold 18,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $157.31, for a total value of $2,831,580.00. Following the completion of the transaction, the chief operating officer owned 243,303 shares of the company’s stock, valued at $38,273,994.93. This trade represents a 6.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Karen Hartje sold 5,484 shares of the firm’s stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $168.02, for a total transaction of $921,421.68. Following the completion of the transaction, the chief financial officer directly owned 126,846 shares of the company’s stock, valued at $21,312,664.92. This represents a 4.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 68,696 shares of company stock valued at $10,476,922 in the last 90 days. Company insiders own 49.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SEZL. Wall Street Zen downgraded shares of Sezzle from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. B. Riley increased their price objective 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, Oppenheimer raised their price target on shares of Sezzle from $168.00 to $202.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Sezzle has an average rating of “Buy” and an average target price of $124.33.

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.