Odyssean LLC purchased a new stake in Sezzle Inc. (NASDAQ:SEZL – Free Report) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 6,788 shares of the company’s stock, valued at approximately $1,165,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. UBS Group AG raised its position in shares of Sezzle by 113.9% during the fourth quarter. UBS Group AG now owns 114,426 shares of the company’s stock worth $7,263,000 after purchasing an additional 60,937 shares during the period. Royal Bank of Canada boosted its position in shares of Sezzle by 10.2% in the 1st quarter. Royal Bank of Canada now owns 112,957 shares of the company’s stock valued at $7,148,000 after purchasing an additional 10,486 shares during the period. California State Teachers Retirement System boosted its position in shares of Sezzle by 65.1% in the 1st quarter. California State Teachers Retirement System now owns 28,262 shares of the company’s stock valued at $1,789,000 after purchasing an additional 11,145 shares during the period. Maxi Investments CY Ltd purchased a new position in Sezzle in the 4th quarter worth about $1,270,000. Finally, Quantinno Capital Management LP purchased a new position in Sezzle in the 1st quarter worth about $1,089,000. Institutional investors and hedge funds own 2.02% of the company’s stock.
Sezzle Stock Down 1.9%
Shares of Sezzle stock opened at $120.58 on Friday. The stock has a 50-day moving average price of $150.35 and a 200 day moving average price of $112.18. The company has a market cap of $4.06 billion, a P/E ratio of 26.21 and a beta of 6.66. The company has a current ratio of 4.02, a quick ratio of 4.02 and a debt-to-equity ratio of 0.52. Sezzle Inc. has a 1 year low of $49.50 and a 1 year high of $195.71.
Insider Activity at Sezzle
In other Sezzle news, COO Amin Sabzivand sold 6,930 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $179.91, for a total value of $1,246,776.30. Following the completion of the sale, the chief operating officer owned 259,780 shares in the company, valued at $46,737,019.80. This represents a 2.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 Sezzle stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $161.35, for a total transaction of $4,259,640.00. Following the sale, the director directly owned 416,195 shares of the company’s stock, valued at $67,153,063.25. This trade represents a 5.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 84,750 shares of company stock valued at $13,262,695. 49.49% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of research firms have commented on SEZL. Zacks Research raised shares of Sezzle from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. B. Riley Financial reissued a “buy” rating on shares of Sezzle in a research report on Friday, August 7th. Keefe, Bruyette & Woods cut their price target on shares of Sezzle from $190.00 to $155.00 and set a “market perform” rating on the stock in a report on Friday, August 7th. Wall Street Zen upgraded shares of Sezzle from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Finally, TD Cowen raised shares of Sezzle from a “hold” rating to a “buy” rating and set a $165.00 price objective for the company in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Sezzle presently has an average rating of “Moderate Buy” and an average target price of $146.50.
View Our Latest Stock Analysis on Sezzle
Sezzle Company 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.
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