Sezzle Inc. (NASDAQ:SEZL) Shares Purchased by Alps Advisors Inc.

Alps Advisors Inc. grew its position in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) by 290.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,180 shares of the company's stock after buying an additional 6,830 shares during the quarter. Alps Advisors Inc.'s holdings in Sezzle were worth $320,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Meeder Asset Management Inc. purchased a new position in Sezzle during the fourth quarter worth about $31,000. Federated Hermes Inc. raised its holdings in Sezzle by 3,575.0% in the fourth quarter. Federated Hermes Inc. now owns 147 shares of the company's stock valued at $38,000 after buying an additional 143 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Sezzle by 94.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 407 shares of the company's stock valued at $104,000 after purchasing an additional 198 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Sezzle during the fourth quarter worth approximately $128,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Sezzle during the first quarter valued at about $131,000. 2.02% of the stock is currently owned by institutional investors.

Sezzle Price Performance

Shares of SEZL stock traded down $4.61 during trading hours on Monday, hitting $135.98. The stock had a trading volume of 940,021 shares, compared to its average volume of 853,259. The stock's 50-day moving average price is $132.88 and its two-hundred day moving average price is $74.63. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of 45.94 and a beta of 9.16. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.62 and a quick ratio of 2.62. Sezzle Inc. has a one year low of $11.67 and a one year high of $186.74.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SEZL. Oppenheimer boosted their price target on 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.

Insiders Place Their Bets

In other Sezzle news, COO Amin Sabzivand sold 6,028 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $164.23, for a total value of $989,978.44. Following the transaction, the chief operating officer directly owned 243,303 shares of the company's stock, valued at approximately $39,957,651.69. This trade represents a 2.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul Paradis sold 3,000 shares of Sezzle stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $182.03, for a total transaction of $546,090.00. Following the sale, the director directly owned 260,000 shares of the company's stock, valued at $47,327,800. The trade was a 1.14% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 498,092 shares of company stock valued at $43,127,736. 49.49% of the stock is owned by company insiders.

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.