Jefferies Financial Group Inc. Makes New $6.71 Million Investment in Sezzle Inc. $SEZL

Jefferies Financial Group Inc. bought a new position in shares of Sezzle Inc. (NASDAQ:SEZL) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 62,100 shares of the company’s stock, valued at approximately $6,709,000.

Other hedge funds have also modified their holdings of the company. Illinois Municipal Retirement Fund increased its stake in Sezzle by 0.9% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 8,897 shares of the company’s stock worth $961,000 after purchasing an additional 79 shares in the last quarter. Knights of Columbus Asset Advisors LLC lifted its stake in Sezzle by 74.8% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 12,377 shares of the company’s stock valued at $1,337,000 after buying an additional 5,295 shares in the last quarter. Kestra Advisory Services LLC lifted its stake in Sezzle by 56.8% during the third quarter. Kestra Advisory Services LLC now owns 3,780 shares of the company’s stock valued at $408,000 after buying an additional 1,369 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in Sezzle by 1.3% during the third quarter. Commonwealth Equity Services LLC now owns 18,318 shares of the company’s stock valued at $1,979,000 after buying an additional 229 shares in the last quarter. Finally, Kestra Private Wealth Services LLC boosted its holdings in shares of Sezzle by 44.7% in the third quarter. Kestra Private Wealth Services LLC now owns 11,860 shares of the company’s stock worth $1,281,000 after buying an additional 3,664 shares during the period. 2.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Sezzle news, Director Bryan Hunt bought 250 shares of the company’s stock in a transaction dated Friday, September 18th. The shares were bought at an average price of $115.86 per share, for a total transaction of $28,965.00. Following the acquisition, the director directly owned 3,985 shares of the company’s stock, valued at approximately $461,702.10. This trade represents a 6.69% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kyle Brehm sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $125.92, for a total value of $125,920.00. Following the completion of the transaction, the director owned 23,853 shares in the company, valued at $3,003,569.76. This represents a 4.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 43.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SEZL. B. Riley Financial reissued a “buy” rating on shares of Sezzle in a research report on Friday, August 7th. Keefe, Bruyette & Woods reduced their price target on shares of Sezzle from $190.00 to $155.00 and set a “market perform” rating for the company in a research report on Friday, August 7th. Needham & Company LLC upped their price target on shares of Sezzle from $172.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, November 5th. Wall Street Zen lowered shares of Sezzle from a “buy” rating to a “hold” rating in a research note on Sunday, November 1st. Finally, TD Cowen lifted their price objective on shares of Sezzle from $160.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, November 5th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $160.33.

Sezzle Stock Up 1.3%

NASDAQ:SEZL opened at $154.67 on Friday. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 29.70 and a beta of 6.59. Sezzle Inc. has a 1-year low of $49.50 and a 1-year high of $195.71. The company has a current ratio of 4.21, a quick ratio of 4.21 and a debt-to-equity ratio of 0.37. The business’s fifty day moving average price is $124.91 and its 200 day moving average price is $111.89.

Sezzle (NASDAQ:SEZL) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.09. Sezzle had a return on equity of 81.99% and a net margin of 31.39%. The firm had revenue of $166.50 million during the quarter, compared to the consensus estimate of $155.01 million. During the same period in the prior year, the business earned $0.71 EPS. The business’s revenue for the quarter was up 42.6% on a year-over-year basis. On average, sell-side analysts forecast that Sezzle Inc. will post 5.48 earnings per share for the current fiscal year.

Sezzle Company Profile

Sezzle Inc. is a financial technology company that operates a buy now, pay later platform. Its services let shoppers split eligible purchases into installments at checkout, while giving merchants another payment option to offer customers. The company also provides shopping and payment tools through its app, including a virtual card and services designed to help users manage purchases and build credit. Sezzle’s platform primarily serves consumers and merchants in the United States and Canada. Founded in 2016, Sezzle is headquartered in Minneapolis, Minnesota.