GK Wealth Management LLC Invests $531,000 in Sezzle Inc. $SEZL

GK Wealth Management LLC purchased a new stake in Sezzle Inc. (NASDAQ:SEZL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,094 shares of the company’s stock, valued at approximately $531,000.

Other large investors have also recently bought and sold shares of the company. Versant Capital Management Inc lifted its holdings in shares of Sezzle by 245.9% during the second quarter. Versant Capital Management Inc now owns 256 shares of the company’s stock valued at $44,000 after acquiring an additional 182 shares during the period. Vestcor Inc bought a new stake in shares of Sezzle in the 3rd quarter worth about $29,000. Covestor Ltd grew its holdings in shares of Sezzle by 109.4% in the 4th quarter. Covestor Ltd now owns 490 shares of the company’s stock worth $31,000 after purchasing an additional 256 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Sezzle during the 4th quarter worth about $33,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Sezzle during the 3rd quarter worth about $52,000. 2.02% of the stock is currently owned by institutional investors.

Sezzle Stock Performance

Shares of Sezzle stock opened at $177.23 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.65 and a quick ratio of 3.65. The firm has a 50 day simple moving average of $154.81 and a 200 day simple moving average of $102.70. Sezzle Inc. has a fifty-two week low of $49.50 and a fifty-two week high of $195.71. The firm has a market cap of $5.96 billion, a P/E ratio of 42.10 and a beta of 6.76.

Sezzle (NASDAQ:SEZL) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.19. The firm had revenue of $135.54 million for the quarter, compared to the consensus estimate of $127.74 million. Sezzle had a return on equity of 87.46% and a net margin of 30.83%.The business’s revenue for the quarter was up 29.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 EPS. Sell-side analysts predict that Sezzle Inc. will post 5.1 earnings per share for the current fiscal year.

Insider Transactions at Sezzle

In other news, SVP Justin Krause sold 3,178 shares of Sezzle stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $117.72, for a total value of $374,114.16. Following the completion of the sale, the senior vice president directly owned 72,457 shares of the company’s stock, valued at approximately $8,529,638.04. This trade represents a 4.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul Paradis sold 26,400 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $161.35, for a total value of $4,259,640.00. Following the sale, the director owned 416,195 shares of the company’s stock, valued at approximately $67,153,063.25. The trade was a 5.96% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 124,382 shares of company stock valued at $17,416,662 over the last quarter. Corporate insiders own 49.49% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SEZL shares. Oppenheimer downgraded shares of Sezzle from an “outperform” rating to a “market perform” rating in a report on Monday, June 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $166.00 price objective (up from $132.00) on shares of Sezzle in a research note on Thursday, June 18th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $190.00 price objective (up from $115.00) on shares of Sezzle in a report on Monday, July 13th. Northland Securities set a $170.00 target price on shares of Sezzle in a research note on Thursday, June 25th. Finally, Freedom Capital raised Sezzle to a “hold” rating in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $151.33.

Sezzle Profile

Sezzle Inc is a financial technology company specializing in buy now, pay later (BNPL) services that enable consumers to split purchases into interest-free installment payments. By integrating its platform with e-commerce merchants, Sezzle provides shoppers with flexible payment options at checkout while merchants benefit from increased conversion rates and average order values. The company’s technology is designed to offer a seamless user experience, with instant approval decisions and no hidden fees, positions it as a consumer-friendly alternative to traditional credit products.

Founded in 2016 and headquartered in Minneapolis, Minnesota, Sezzle completed its initial public offering on the Nasdaq under the ticker SEZL.