Baader Bank Aktiengesellschaft Invests $937,000 in Sezzle Inc. $SEZL

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

Several other hedge funds have also recently bought and sold shares of SEZL. Vanguard Group Inc. increased its position in Sezzle by 497.6% during the first quarter. Vanguard Group Inc. now owns 1,013,698 shares of the company's stock worth $35,368,000 after buying an additional 844,084 shares during the last quarter. Driehaus Capital Management LLC increased its position in Sezzle by 497.8% during the first quarter. Driehaus Capital Management LLC now owns 327,276 shares of the company's stock worth $11,419,000 after buying an additional 272,530 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Sezzle by 1,068.2% during the first quarter. Goldman Sachs Group Inc. now owns 169,487 shares of the company's stock worth $5,913,000 after buying an additional 154,978 shares during the last quarter. Acadian Asset Management LLC increased its position in Sezzle by 719.1% during the first quarter. Acadian Asset Management LLC now owns 173,310 shares of the company's stock worth $6,040,000 after buying an additional 152,152 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. acquired a new stake in shares of Sezzle in the first quarter valued at about $4,011,000. 2.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on SEZL. TD Cowen began coverage on Sezzle in a research report on Thursday, September 11th. They issued a "hold" rating and a $82.00 price target on the stock. Oppenheimer raised their price target on Sezzle from $168.00 to $202.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. B. Riley raised their price target on Sezzle from $101.00 to $111.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Cowen began coverage on Sezzle in a research report on Thursday, September 11th. They issued a "hold" rating on the stock. Finally, Wall Street Zen downgraded Sezzle from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $113.75.

Sezzle Stock Performance

Shares of NASDAQ SEZL traded up $0.38 during mid-day trading on Monday, hitting $91.98. The company had a trading volume of 854,057 shares, compared to its average volume of 811,413. The company has a debt-to-equity ratio of 1.00, a current ratio of 3.51 and a quick ratio of 3.51. The business's 50-day simple moving average is $109.73 and its 200-day simple moving average is $94.94. Sezzle Inc. has a 12 month low of $23.82 and a 12 month high of $186.74. The firm has a market cap of $3.13 billion, a P/E ratio of 31.52 and a beta of 9.04.

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

Insiders Place Their Bets

In other Sezzle news, COO Amin Sabzivand sold 18,000 shares of the firm's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $157.31, for a total transaction of $2,831,580.00. Following the completion of the transaction, the chief operating officer owned 243,303 shares in the company, valued at $38,273,994.93. This trade represents a 6.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Karen Hartje sold 5,484 shares of the firm's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $168.02, for a total transaction of $921,421.68. Following the transaction, the chief financial officer owned 126,846 shares of the company's stock, valued at approximately $21,312,664.92. This represents a 4.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 62,484 shares of company stock worth $9,612,690 over the last quarter. Company insiders own 49.49% of the company's stock.

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.