Bank of America Corp DE Makes New $46.54 Million Investment in Sezzle Inc. $SEZL

Bank of America Corp DE bought a new stake in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 271,181 shares of the company's stock, valued at approximately $46,543,000. Bank of America Corp DE owned 0.81% of Sezzle at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in SEZL. BlackRock Inc. bought a new stake in shares of Sezzle in the second quarter valued at about $436,497,000. Dimensional Fund Advisors LP grew its holdings in Sezzle by 41.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 458,222 shares of the company's stock worth $28,996,000 after acquiring an additional 134,714 shares in the last quarter. Jupiter Topco LLC purchased a new position in Sezzle during the 2nd quarter valued at about $19,433,000. Bank of New York Mellon Corp purchased a new position in Sezzle during the 2nd quarter valued at about $16,909,000. Finally, Principal Financial Group Inc. raised its holdings in shares of Sezzle by 41.6% in the 1st quarter. Principal Financial Group Inc. now owns 247,407 shares of the company's stock valued at $15,658,000 after purchasing an additional 72,626 shares in the last quarter. Hedge funds and other institutional investors own 2.02% of the company's stock.

Sezzle Stock Performance

Shares of SEZL opened at $116.55 on Tuesday. Sezzle Inc. has a 12 month low of $49.50 and a 12 month high of $195.71. The stock has a fifty day moving average price of $137.81 and a 200-day moving average price of $116.43. The company has a current ratio of 4.02, a quick ratio of 4.02 and a debt-to-equity ratio of 0.52. The firm has a market cap of $3.92 billion, a PE ratio of 25.34 and a beta of 6.66.

Sezzle (NASDAQ:SEZL - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.13 earnings per share (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 firm had revenue of $149.68 million for the quarter, compared to the consensus estimate of $135.09 million. Sezzle has set its FY 2026 guidance at 5.250-5.250 EPS. Equities research analysts predict that Sezzle Inc. will post 5.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. TD Cowen raised shares of Sezzle from a "hold" rating to a "buy" rating and set a $165.00 price target for the company in a research report on Monday, August 10th. Northland Securities set a $170.00 price objective on shares of Sezzle in a report on Thursday, June 25th. Zacks Research raised shares of Sezzle from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 27th. Oppenheimer lowered Sezzle from an "outperform" rating to a "market perform" rating in a report on Monday, June 29th. Finally, B. Riley Financial reiterated a "buy" rating on shares of Sezzle in a report on Friday, August 7th. One 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $146.50.

Insiders Place Their Bets

In other Sezzle news, Director Kyle M. Brehm sold 1,000 shares of the company's stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $125.92, for a total value of $125,920.00. Following the completion of the transaction, the director owned 23,853 shares in the company, valued at approximately $3,003,569.76. This represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Amin Sabzivand sold 6,930 shares of the firm's stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $179.91, for a total value of $1,246,776.30. Following the sale, the chief operating officer owned 259,780 shares in the company, valued at $46,737,019.80. This trade represents a 2.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 28,030 shares of company stock worth $4,849,699. Corporate insiders own 49.49% of the company's stock.

About Sezzle

Sezzle Inc is a financial technology company that operates a buy now, pay later platform. Its services allow consumers to split eligible purchases into scheduled installments, typically through participating online and in-store merchants. Sezzle's platform is designed to provide flexible payment options while helping merchants attract customers and support e-commerce sales.

The company offers products and services that include installment payment solutions, a virtual card, and subscription-based access to additional purchasing features.

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