Calamos Advisors LLC Raises Stock Position in Sezzle Inc. (NASDAQ:SEZL)

Calamos Advisors LLC raised its holdings in Sezzle Inc. (NASDAQ:SEZL - Free Report) by 23.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,670 shares of the company's stock after purchasing an additional 2,199 shares during the quarter. Calamos Advisors LLC's holdings in Sezzle were worth $407,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its position in shares of Sezzle by 28.0% during the 4th quarter. Bank of New York Mellon Corp now owns 6,304 shares of the company's stock worth $1,613,000 after buying an additional 1,378 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Sezzle by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,697 shares of the company's stock worth $5,294,000 after acquiring an additional 334 shares during the period. Arizona State Retirement System acquired a new stake in Sezzle in the 4th quarter valued at approximately $207,000. Independent Advisor Alliance bought a new position in Sezzle in the fourth quarter valued at $1,872,000. Finally, Prosperity Wealth Management Inc. acquired a new stake in shares of Sezzle in the fourth quarter valued at about $290,000. Institutional investors and hedge funds own 2.02% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Oppenheimer upped their target price on shares of Sezzle from $168.00 to $202.00 and gave the company 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 research note on Thursday, May 22nd. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $108.28.

Sezzle Stock Down 0.4%

Shares of NASDAQ:SEZL traded down $0.66 during mid-day trading on Monday, hitting $181.50. 931,217 shares of the company traded hands, compared to its average volume of 830,541. Sezzle Inc. has a 12-month low of $11.67 and a 12-month high of $183.08. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.56. The stock has a market cap of $6.04 billion, a P/E ratio of 61.32 and a beta of 9.16. The stock has a 50-day moving average price of $114.82 and a two-hundred day moving average price of $67.27.

Sezzle declared that its Board of Directors has initiated a share repurchase plan on Monday, March 10th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 4.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

Insider Activity

In related news, COO Amin Sabzivand sold 6,028 shares of Sezzle 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 completion of the transaction, the chief operating officer directly owned 243,303 shares in the company, valued at approximately $39,957,651.69. The trade was a 2.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul Paradis sold 3,000 shares of the firm's stock in a transaction 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 directly owned 263,000 shares of the company's stock, valued at approximately $46,309,040. The trade was a 1.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 489,608 shares of company stock worth $41,660,224. 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.