Aviance Capital Partners LLC Buys Shares of 1,150 Sezzle Inc. $SEZL

Aviance Capital Partners LLC bought a new stake in 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 bought 1,150 shares of the company’s stock, valued at approximately $206,000.

Several other hedge funds have also made changes to their positions in SEZL. Spire Wealth Management purchased a new stake in shares of Sezzle during the second quarter worth approximately $32,000. Farther Finance Advisors LLC acquired a new stake in Sezzle during the 2nd quarter worth $33,000. Sound Income Strategies LLC acquired a new stake in shares of Sezzle during the second quarter worth $40,000. Nisa Investment Advisors LLC lifted its holdings in shares of Sezzle by 351.5% during the second quarter. Nisa Investment Advisors LLC now owns 298 shares of the company’s stock worth $53,000 after purchasing an additional 232 shares during the period. Finally, Hazlett Burt & Watson Inc. lifted its holdings in shares of Sezzle by 190.1% during the second quarter. Hazlett Burt & Watson Inc. now owns 557 shares of the company’s stock worth $100,000 after purchasing an additional 365 shares during the period. Institutional investors and hedge funds own 2.02% of the company’s stock.

Insider Activity at Sezzle

In related news, CFO Karen Hartje sold 5,484 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $85.00, for a total transaction of $466,140.00. Following the sale, the chief financial officer directly owned 116,053 shares of the company’s stock, valued at approximately $9,864,505. This represents a 4.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Paul Paradis sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $91.62, for a total value of $274,860.00. Following the sale, the director directly owned 242,000 shares in the company, valued at approximately $22,172,040. This represents a 1.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 11,484 shares of company stock worth $1,005,630. Corporate insiders own 49.49% of the company’s stock.

Sezzle Stock Up 0.7%

SEZL stock opened at $65.52 on Friday. Sezzle Inc. has a twelve month low of $24.86 and a twelve month high of $186.74. 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 company has a market capitalization of $2.23 billion, a P/E ratio of 22.45 and a beta of 8.70. The firm has a 50 day simple moving average of $83.39 and a 200-day simple moving average of $103.35.

Sezzle (NASDAQ:SEZL) last posted its quarterly earnings results on Tuesday, November 19th. The company reported $0.21 earnings per share (EPS) for the quarter. The business had revenue of $40.84 million for the quarter. Sezzle had a return on equity of 102.90% and a net margin of 28.13%. On average, equities research analysts predict that Sezzle Inc. will post 9.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SEZL has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sezzle in a research note on Wednesday, October 8th. B. Riley boosted their target price on shares of Sezzle from $101.00 to $111.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Wall Street Zen downgraded shares of Sezzle from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. Cowen initiated coverage on shares of Sezzle in a report on Thursday, September 11th. They set a “hold” rating on the stock. Finally, TD Cowen started coverage on shares of Sezzle in a report on Thursday, September 11th. They set a “hold” rating and a $82.00 price objective on the stock. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Sezzle has a consensus rating of “Moderate Buy” and an average price target of $113.75.

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.