Arrowstreet Capital Limited Partnership Purchases Shares of 400,392 Sezzle Inc. $SEZL

Arrowstreet Capital Limited Partnership acquired a new position in shares of Sezzle Inc. (NASDAQ:SEZL) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 400,392 shares of the company’s stock, valued at approximately $71,770,000. Arrowstreet Capital Limited Partnership owned 1.20% of Sezzle at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SEZL. Cetera Investment Advisers boosted its holdings in Sezzle by 316.9% in the first quarter. Cetera Investment Advisers now owns 6,570 shares of the company’s stock valued at $229,000 after purchasing an additional 4,994 shares during the period. US Bancorp DE raised its position in Sezzle by 465.6% in the 1st quarter. US Bancorp DE now owns 1,578 shares of the company’s stock valued at $55,000 after purchasing an additional 1,299 shares in the last quarter. Vanguard Group Inc. raised its position 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 purchasing an additional 844,084 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of 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 buying an additional 99,964 shares during the period. Finally, Deutsche Bank AG grew its position in shares of Sezzle by 469.0% during the first quarter. Deutsche Bank AG now owns 11,886 shares of the company’s stock worth $415,000 after buying an additional 9,797 shares in the last quarter. 2.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SEZL has been the topic of a number of recent research reports. UBS Group set a $110.00 target price on shares of Sezzle in a research note on Thursday, November 6th. Cowen initiated coverage on shares of Sezzle in a research report on Thursday, September 11th. They issued a “hold” rating on the stock. Wall Street Zen upgraded shares of Sezzle from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sezzle in a research report on Tuesday, November 25th. Finally, TD Cowen initiated coverage on Sezzle in a report on Thursday, September 11th. They issued a “hold” rating and a $82.00 target price on the stock. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Sezzle currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.00.

Insiders Place Their Bets

In related news, CFO Karen Hartje sold 5,484 shares of the company’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $85.00, for a total value of $466,140.00. Following the completion of the sale, the chief financial officer owned 116,053 shares in the company, valued at $9,864,505. This represents a 4.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kyle M. Brehm purchased 1,217 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were acquired at an average price of $57.50 per share, with a total value of $69,977.50. Following the purchase, the director owned 24,129 shares in the company, valued at $1,387,417.50. This trade represents a 5.31% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 49.49% of the company’s stock.

Sezzle Stock Up 3.5%

Shares of NASDAQ SEZL opened at $66.72 on Friday. The business has a 50-day moving average price of $68.03 and a 200 day moving average price of $102.62. The stock has a market cap of $2.28 billion, a PE ratio of 20.65 and a beta of 8.68. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.76. Sezzle Inc. has a 52-week low of $24.86 and a 52-week high of $186.74.

Sezzle (NASDAQ:SEZL) last released its quarterly earnings results on Tuesday, November 19th. The company reported $0.21 EPS for the quarter. The company had revenue of $40.84 million for the quarter. Sezzle had a return on equity of 90.06% and a net margin of 27.66%. Equities research analysts forecast that Sezzle Inc. will post 9.77 earnings per share 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.