Metavasi Capital LP Makes New $3.05 Million Investment in Sezzle Inc. $SEZL

Metavasi Capital LP purchased a new stake in shares of Sezzle Inc. (NASDAQ:SEZL) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 17,000 shares of the company’s stock, valued at approximately $3,047,000. Sezzle comprises approximately 1.2% of Metavasi Capital LP’s holdings, making the stock its 27th biggest position.

A number of other hedge funds have also recently added to or reduced their stakes in SEZL. Bayesian Capital Management LP bought a new stake in Sezzle in the second quarter worth approximately $1,470,000. Occudo Quantitative Strategies LP bought a new position in shares of Sezzle during the 2nd quarter valued at $276,000. The Manufacturers Life Insurance Company lifted its stake in shares of Sezzle by 10.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,079 shares of the company’s stock valued at $1,627,000 after purchasing an additional 859 shares during the last quarter. Diker Management LLC bought a new stake in Sezzle in the second quarter worth $717,000. Finally, Sei Investments Co. bought a new stake in Sezzle in the second quarter worth $2,745,000. Institutional investors and hedge funds own 2.02% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sezzle in a research report on Monday. Wall Street Zen lowered Sezzle from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. Cowen initiated coverage on Sezzle in a report on Thursday, September 11th. They set a “hold” rating on the stock. UBS Group set a $110.00 price objective on shares of Sezzle in a research note on Thursday, November 6th. Finally, TD Cowen initiated coverage on shares of Sezzle in a research note on Thursday, September 11th. They issued a “hold” rating and a $82.00 target price on the stock. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Sezzle presently has an average rating of “Moderate Buy” and an average price target of $113.00.

Insider Activity at Sezzle

In other Sezzle news, CFO Karen Hartje sold 5,484 shares of Sezzle stock in a transaction on Monday, October 6th. The shares were sold at an average price of $85.00, for a total transaction of $466,140.00. Following the sale, the chief financial officer owned 116,053 shares in the company, valued at $9,864,505. The trade was a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kyle M. Brehm purchased 1,217 shares of the stock in a transaction on Wednesday, November 12th. The stock was acquired at an average cost of $57.50 per share, for a total transaction of $69,977.50. Following the acquisition, the director directly owned 24,129 shares in the company, valued at approximately $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. 49.49% of the stock is currently owned by company insiders.

Sezzle Price Performance

Shares of Sezzle stock opened at $73.85 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.52 and a quick ratio of 3.52. The company has a market cap of $2.52 billion, a PE ratio of 22.85 and a beta of 8.68. The firm has a fifty day moving average price of $66.90 and a two-hundred day moving average price of $101.56. Sezzle Inc. has a fifty-two week low of $24.86 and a fifty-two week high of $186.74.

Sezzle (NASDAQ:SEZL) last announced its quarterly earnings data on Tuesday, November 19th. The company reported $0.21 EPS for the quarter. Sezzle had a net margin of 27.66% and a return on equity of 90.06%. The business had revenue of $40.84 million during the quarter. Analysts expect that Sezzle Inc. will post 9.77 EPS 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.