Lisanti Capital Growth LLC Makes New Investment in Sezzle Inc. $SEZL

Lisanti Capital Growth LLC purchased a new stake in Sezzle Inc. (NASDAQ:SEZL) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,615 shares of the company’s stock, valued at approximately $2,082,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SEZL. Teacher Retirement System of Texas increased its holdings in Sezzle by 4,731.8% in the 1st quarter. Teacher Retirement System of Texas now owns 39,186 shares of the company’s stock worth $1,367,000 after purchasing an additional 38,375 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Sezzle by 550.7% in the 1st quarter. Principal Financial Group Inc. now owns 23,346 shares of the company’s stock valued at $815,000 after buying an additional 19,758 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Sezzle by 518.0% during the 1st quarter. Bank of New York Mellon Corp now owns 38,960 shares of the company’s stock worth $1,359,000 after acquiring an additional 32,656 shares during the last quarter. Alps Advisors Inc. increased its position in Sezzle by 290.6% in the 1st quarter. Alps Advisors Inc. now owns 9,180 shares of the company’s stock valued at $320,000 after acquiring an additional 6,830 shares during the period. Finally, New York State Common Retirement Fund raised its stake in shares of Sezzle by 500.0% during the first quarter. New York State Common Retirement Fund now owns 4,800 shares of the company’s stock valued at $167,000 after acquiring an additional 4,000 shares during the last quarter. Institutional investors own 2.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SEZL. TD Cowen began coverage on Sezzle in a report on Thursday, September 11th. They issued a “hold” rating and a $82.00 price objective for the company. Wall Street Zen raised Sezzle from a “hold” rating to a “buy” rating in a research note on Saturday. B. Riley lifted their price objective on Sezzle from $101.00 to $111.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. UBS Group set a $110.00 target price on shares of Sezzle in a research report on Thursday. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Sezzle in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $113.00.

Sezzle Price Performance

Shares of SEZL opened at $59.24 on Friday. The firm has a market cap of $2.02 billion, a PE ratio of 18.33 and a beta of 8.63. Sezzle Inc. has a 52-week low of $24.86 and a 52-week high of $186.74. The business’s 50 day moving average price is $80.20 and its two-hundred day moving average price is $104.03. The company has a debt-to-equity ratio of 1.00, a quick ratio of 3.51 and a current ratio of 3.51.

Sezzle (NASDAQ:SEZL) last released its quarterly earnings data on Tuesday, November 19th. The company reported $0.21 earnings per share for the quarter. The company had revenue of $40.84 million during the quarter. Sezzle had a net margin of 27.66% and a return on equity of 98.04%. On average, equities analysts anticipate that Sezzle Inc. will post 9.77 EPS for the current year.

Insider Activity

In other Sezzle news, Director Paul Paradis sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $91.62, for a total value of $274,860.00. Following the completion of the sale, the director owned 242,000 shares of the company’s stock, valued at approximately $22,172,040. This trade represents a 1.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Karen Hartje sold 5,484 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer 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 SEC filing for this sale provides additional information. Insiders have sold 11,484 shares of company stock worth $1,005,630 in the last quarter. Company insiders own 49.49% of the company’s stock.

Sezzle Company Profile

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.