Principal Financial Group Inc. Grows Position in Sezzle Inc. $SEZL

Principal Financial Group Inc. lifted its position in shares of Sezzle Inc. (NASDAQ:SEZL) by 24.0% in the third quarter, Holdings Channel reports. The firm owned 61,288 shares of the company’s stock after purchasing an additional 11,859 shares during the period. Principal Financial Group Inc.’s holdings in Sezzle were worth $4,874,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SEZL. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Sezzle during the second quarter valued at approximately $29,000. Spire Wealth Management acquired a new stake in Sezzle in the second quarter valued at approximately $32,000. Avion Wealth acquired a new stake in Sezzle during the 3rd quarter valued at $47,000. Nisa Investment Advisors LLC grew its stake in shares of Sezzle by 351.5% during the second quarter. Nisa Investment Advisors LLC now owns 298 shares of the company’s stock valued at $53,000 after acquiring an additional 232 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in Sezzle by 796.9% during the 3rd quarter. Blue Trust Inc. now owns 861 shares of the company’s stock worth $68,000 after purchasing an additional 765 shares during the last quarter. Hedge funds and other institutional investors own 2.02% of the company’s stock.

Sezzle Trading Up 3.2%

NASDAQ:SEZL opened at $64.06 on Monday. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 19.82 and a beta of 8.70. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.52 and a current ratio of 3.52. Sezzle Inc. has a 1 year low of $24.86 and a 1 year high of $186.74. The business has a fifty day moving average of $68.96 and a 200-day moving average of $77.20.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SEZL shares. Needham & Company LLC initiated coverage on shares of Sezzle in a research report on Thursday. They issued a “buy” rating and a $85.00 target price for the company. TD Cowen dropped their target price on Sezzle from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Thursday, January 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Sezzle in a research report on Monday, December 29th. Wall Street Zen cut shares of Sezzle from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. Finally, UBS Group set a $110.00 target price on shares of Sezzle in a research note on Thursday, November 6th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Sezzle has an average rating of “Moderate Buy” and an average target price of $118.00.

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.