Driehaus Capital Management LLC Sells 14,994 Shares of Sezzle Inc. (NASDAQ:SEZL)

Driehaus Capital Management LLC trimmed its position in Sezzle Inc. (NASDAQ:SEZL - Free Report) by 21.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,746 shares of the company's stock after selling 14,994 shares during the quarter. Driehaus Capital Management LLC owned approximately 0.98% of Sezzle worth $14,004,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SEZL. Bank of New York Mellon Corp boosted its position in shares of Sezzle by 28.0% in the 4th quarter. Bank of New York Mellon Corp now owns 6,304 shares of the company's stock worth $1,613,000 after purchasing an additional 1,378 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Sezzle by 295.9% during the third quarter. JPMorgan Chase & Co. now owns 3,979 shares of the company's stock worth $679,000 after buying an additional 2,974 shares during the last quarter. Calamos Advisors LLC acquired a new position in shares of Sezzle during the 4th quarter worth about $2,423,000. Barclays PLC raised its position in shares of Sezzle by 125.4% in the 3rd quarter. Barclays PLC now owns 4,515 shares of the company's stock valued at $771,000 after acquiring an additional 2,512 shares during the period. Finally, Swiss National Bank acquired a new position in Sezzle during the fourth quarter valued at approximately $1,407,000. Institutional investors and hedge funds own 2.02% of the company's stock.

Analysts Set New Price Targets

Separately, B. Riley reiterated a "buy" rating and set a $62.83 price objective (up previously from $62.00) on shares of Sezzle in a report on Wednesday, February 26th.

Insiders Place Their Bets

In related news, CFO Karen Hartje sold 311,196 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $71.83, for a total transaction of $22,353,208.68. Following the transaction, the chief financial officer now directly owns 154,266 shares of the company's stock, valued at approximately $11,080,926.78. This trade represents a 66.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul Paradis sold 18,000 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $75.00, for a total transaction of $1,350,000.00. Following the completion of the sale, the director now directly owns 315,000 shares of the company's stock, valued at $23,625,000. This represents a 5.41% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 338,196 shares of company stock valued at $24,439,949. 57.65% of the stock is currently owned by corporate insiders.

Sezzle Stock Up 1.1%

Shares of SEZL stock traded up $0.97 during trading on Thursday, reaching $91.98. The company's stock had a trading volume of 502,900 shares, compared to its average volume of 769,182. Sezzle Inc. has a one year low of $10.69 and a one year high of $93.49. The business has a fifty day moving average price of $45.46 and a 200-day moving average price of $47.85. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 9.79 and a beta of 8.41. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54.

Sezzle (NASDAQ:SEZL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.22. Sezzle had a net margin of 25.29% and a return on equity of 101.18%. The company had revenue of $271.13 billion during the quarter, compared to the consensus estimate of $73.90 million. Analysts anticipate that Sezzle Inc. will post 9.77 earnings per share for the current year.

Sezzle announced that its Board of Directors has initiated a share buyback program on Monday, March 10th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 4.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

Sezzle 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.