Bank of America Corp DE Acquires 243,747 Shares of Sezzle Inc. $SEZL

Key Points

• Bank of America significantly increased its Sezzle stake by purchasing 243,747 shares, bringing its total ownership to 326,063 shares valued at approximately $20.6 million, or 0.97% of the company.
• Sezzle reported quarterly results above expectations, with EPS of $1.13 versus the $1.03 consensus and revenue of $149.68 million compared with estimates of $135.09 million. The company guided to fiscal 2026 EPS of $5.25.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and a $146.50 target price, although insiders sold 86,928 shares worth $13.5 million over the past 90 days.

Bank of America Corp DE boosted its stake in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) by 296.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 326,063 shares of the company's stock after buying an additional 243,747 shares during the quarter. Bank of America Corp DE owned approximately 0.97% of Sezzle worth $20,637,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SEZL. Edgestream Partners L.P. grew its stake in Sezzle by 81.6% in the first quarter. Edgestream Partners L.P. now owns 32,269 shares of the company's stock worth $2,042,000 after purchasing an additional 14,504 shares in the last quarter. California State Teachers Retirement System increased its holdings in Sezzle by 65.1% during the 1st quarter. California State Teachers Retirement System now owns 28,262 shares of the company's stock worth $1,789,000 after purchasing an additional 11,145 shares during the period. Royal Bank of Canada raised its position in Sezzle by 10.2% during the 1st quarter. Royal Bank of Canada now owns 112,957 shares of the company's stock valued at $7,148,000 after purchasing an additional 10,486 shares in the last quarter. Quantinno Capital Management LP bought a new stake in Sezzle during the 1st quarter valued at $1,089,000. Finally, Sei Investments Co. lifted its holdings in shares of Sezzle by 12.3% in the 1st quarter. Sei Investments Co. now owns 14,093 shares of the company's stock worth $892,000 after buying an additional 1,540 shares during the period. 2.02% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, COO Amin Sabzivand sold 6,930 shares of the business's stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $179.91, for a total transaction of $1,246,776.30. Following the transaction, the chief operating officer directly owned 259,780 shares in the company, valued at $46,737,019.80. The trade was a 2.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Justin Krause sold 3,178 shares of the company's stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $117.72, for a total value of $374,114.16. Following the transaction, the senior vice president directly owned 72,457 shares in the company, valued at $8,529,638.04. This represents a 4.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 86,928 shares of company stock valued at $13,510,889. Company insiders own 49.49% of the company's stock.

Sezzle Price Performance

SEZL opened at $117.18 on Wednesday. The firm has a market capitalization of $3.95 billion, a PE ratio of 25.47 and a beta of 6.76. The company has a debt-to-equity ratio of 0.52, a current ratio of 4.02 and a quick ratio of 4.02. The business's 50-day moving average is $157.89 and its two-hundred day moving average is $107.36. Sezzle Inc. has a 1 year low of $49.50 and a 1 year high of $195.71.

Sezzle (NASDAQ:SEZL - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.03 by $0.10. Sezzle had a net margin of 30.35% and a return on equity of 83.48%. The business had revenue of $149.68 million during the quarter, compared to analyst estimates of $135.09 million. Sezzle has set its FY 2026 guidance at 5.250-5.250 EPS. Research analysts anticipate that Sezzle Inc. will post 5.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SEZL. Wall Street Zen raised Sezzle from a "hold" rating to a "buy" rating in a research report on Saturday. Keefe, Bruyette & Woods decreased their price objective on Sezzle from $190.00 to $155.00 and set a "market perform" rating for the company in a report on Friday, August 7th. Needham & Company LLC upped their price objective on shares of Sezzle from $166.00 to $172.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Freedom Capital upgraded shares of Sezzle to a "hold" rating in a report on Wednesday, June 24th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Sezzle in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $146.50.

About Sezzle

Sezzle Inc is a financial technology company specializing in buy now, pay later (BNPL) services that enable consumers to split purchases into interest-free installment payments. By integrating its platform with e-commerce merchants, Sezzle provides shoppers with flexible payment options at checkout while merchants benefit from increased conversion rates and average order values. The company's technology is designed to offer a seamless user experience, with instant approval decisions and no hidden fees, positions it as a consumer-friendly alternative to traditional credit products.

Founded in 2016 and headquartered in Minneapolis, Minnesota, Sezzle completed its initial public offering on the Nasdaq under the ticker SEZL.

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