5,230 Shares in Sezzle Inc. $SEZL Bought by Baader Bank Aktiengesellschaft

Key Points

• Baader Bank Aktiengesellschaft has acquired a new stake in Sezzle Inc. worth approximately $937,000, consisting of 5,230 shares.
• Insider selling activity includes COO Amin Sabzivand selling 6,028 shares for roughly $990,000, decreasing his stake by 2.42%.
• Sezzle reported $0.69 earnings per share for its latest quarter, exceeding estimates, but revenue fell short of expectations at $60.31 million compared to projections of $93.33 million.

Baader Bank Aktiengesellschaft purchased a new position in Sezzle Inc. (NASDAQ:SEZL - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,230 shares of the company's stock, valued at approximately $937,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC lifted its stake in shares of Sezzle by 49,400.0% in the first quarter. CWM LLC now owns 990 shares of the company's stock worth $35,000 after buying an additional 988 shares in the last quarter. US Bancorp DE lifted its stake in shares of Sezzle by 465.6% in the first quarter. US Bancorp DE now owns 1,578 shares of the company's stock worth $55,000 after buying an additional 1,299 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in shares of Sezzle by 1,852.5% in the first quarter. Meeder Asset Management Inc. now owns 2,382 shares of the company's stock worth $83,000 after buying an additional 2,260 shares in the last quarter. Strs Ohio purchased a new position in Sezzle during the first quarter worth about $84,000. Finally, KLP Kapitalforvaltning AS raised its stake in Sezzle by 500.0% during the first quarter. KLP Kapitalforvaltning AS now owns 3,000 shares of the company's stock worth $105,000 after purchasing an additional 2,500 shares during the period. 2.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Sezzle

In related news, CFO Karen Hartje sold 5,484 shares of Sezzle stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $168.02, for a total value of $921,421.68. Following the completion of the transaction, the chief financial officer owned 126,846 shares in the company, valued at approximately $21,312,664.92. The trade was a 4.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul Paradis sold 3,000 shares of Sezzle stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $176.08, for a total transaction of $528,240.00. Following the completion of the transaction, the director owned 263,000 shares of the company's stock, valued at $46,309,040. This trade represents a 1.13% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 62,484 shares of company stock worth $9,612,690. Corporate insiders own 49.49% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Cowen assumed coverage on shares of Sezzle in a research note on Thursday, September 11th. They set a "hold" rating on the stock. TD Cowen assumed coverage on shares of Sezzle in a research note on Thursday, September 11th. They set a "hold" rating and a $82.00 target price on the stock. Oppenheimer lifted their target price on shares of Sezzle from $168.00 to $202.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Wall Street Zen downgraded shares of Sezzle from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Finally, B. Riley lifted their target price on shares of Sezzle from $101.00 to $111.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $113.75.

Sezzle Trading Up 2.3%

Shares of SEZL traded up $2.10 during trading on Friday, reaching $91.60. 1,148,305 shares of the company traded hands, compared to its average volume of 816,854. Sezzle Inc. has a twelve month low of $23.82 and a twelve month high of $186.74. The stock has a market cap of $3.12 billion, a PE ratio of 31.39 and a beta of 9.02. The stock has a 50-day simple moving average of $110.61 and a 200-day simple moving average of $94.17. The company has a quick ratio of 3.51, a current ratio of 3.51 and a debt-to-equity ratio of 1.00.

Sezzle (NASDAQ:SEZL - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.11. The business had revenue of $60.31 million during the quarter, compared to analysts' expectations of $93.33 million. Sezzle had a net margin of 28.13% and a return on equity of 102.90%. On average, analysts anticipate that Sezzle Inc. will post 9.77 earnings per share for the current year.

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.