Allianz Asset Management GmbH Increases Holdings in Sezzle Inc. (NASDAQ:SEZL)

Key Points

• Allianz Asset Management GmbH significantly increased its stake in Sezzle Inc. by 937.0% during Q1, acquiring an additional 13,933 shares to hold a total of 15,420 shares valued at approximately $538,000.
• Multiple institutional investors, including CWM LLC and Federated Hermes Inc., have dramatically increased or acquired new stakes in Sezzle, reflecting a growing interest in the company.
• Sezzle's stock price has recently been impacted, experiencing a notable 7.0% decline, with current trading figures showing a market capitalization of $4.79 billion.

Allianz Asset Management GmbH increased its holdings in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) by 937.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,420 shares of the company's stock after purchasing an additional 13,933 shares during the period. Allianz Asset Management GmbH's holdings in Sezzle were worth $538,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SEZL. G2 Investment Partners Management LLC grew its holdings in Sezzle by 275.9% in the fourth quarter. G2 Investment Partners Management LLC now owns 102,192 shares of the company's stock valued at $26,141,000 after purchasing an additional 75,007 shares during the period. Marshall Wace LLP lifted its position in shares of Sezzle by 792.3% during the fourth quarter. Marshall Wace LLP now owns 79,983 shares of the company's stock worth $20,460,000 after purchasing an additional 71,019 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of Sezzle by 4,731.8% in the first quarter. Teacher Retirement System of Texas now owns 39,186 shares of the company's stock worth $1,367,000 after buying an additional 38,375 shares during the last quarter. Hussman Strategic Advisors Inc. bought a new stake in Sezzle during the first quarter valued at $1,319,000. Finally, Bank of New York Mellon Corp increased its stake in Sezzle by 518.0% during the first quarter. Bank of New York Mellon Corp now owns 38,960 shares of the company's stock valued at $1,359,000 after purchasing an additional 32,656 shares during the last quarter. Institutional investors and hedge funds own 2.02% of the company's stock.

Insider Activity at Sezzle

In other Sezzle news, Director Paul Paradis sold 3,000 shares of the company's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $147.19, for a total value of $441,570.00. Following the completion of the transaction, the director owned 251,000 shares of the company's stock, valued at $36,944,690. This represents a 1.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Amin Sabzivand sold 6,028 shares of the stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $164.23, for a total value of $989,978.44. Following the completion of the sale, the chief operating officer directly owned 243,303 shares of the company's stock, valued at approximately $39,957,651.69. The trade was a 2.42% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 504,092 shares of company stock valued at $43,975,326. 49.49% of the stock is owned by insiders.

Sezzle Trading Up 9.0%

SEZL stock traded up $12.99 during midday trading on Monday, reaching $156.99. The stock had a trading volume of 650,627 shares, compared to its average volume of 976,091. The business has a fifty day simple moving average of $142.53 and a two-hundred day simple moving average of $81.76. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.56. The firm has a market cap of $5.23 billion, a price-to-earnings ratio of 53.04 and a beta of 9.09. Sezzle Inc. has a twelve month low of $11.82 and a twelve month high of $186.74.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SEZL shares. Oppenheimer upped their price objective on shares of Sezzle from $168.00 to $202.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Wall Street Zen downgraded Sezzle from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd.

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.