Sezzle Inc. (NASDAQ:SEZL) Shares Purchased by California State Teachers Retirement System

California State Teachers Retirement System increased its position in Sezzle Inc. (NASDAQ:SEZL - Free Report) by 1,406.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,576 shares of the company's stock after purchasing an additional 2,405 shares during the quarter. California State Teachers Retirement System's holdings in Sezzle were worth $659,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rhumbline Advisers increased its position in shares of Sezzle by 1.8% in the 4th quarter. Rhumbline Advisers now owns 2,556 shares of the company's stock valued at $654,000 after buying an additional 45 shares in the last quarter. Principal Securities Inc. acquired a new stake in Sezzle in the fourth quarter valued at $84,000. Principal Financial Group Inc. increased its position in Sezzle by 11.6% during the fourth quarter. Principal Financial Group Inc. now owns 3,588 shares of the company's stock worth $918,000 after buying an additional 373 shares during the last quarter. Navellier & Associates Inc. raised its position in shares of Sezzle by 21.5% in the fourth quarter. Navellier & Associates Inc. now owns 8,667 shares of the company's stock valued at $2,217,000 after purchasing an additional 1,531 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Sezzle by 28.0% during the fourth quarter. Bank of New York Mellon Corp now owns 6,304 shares of the company's stock worth $1,613,000 after purchasing an additional 1,378 shares during the period. 2.02% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, COO Amin Sabzivand sold 1,684 shares of Sezzle stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $124.67, for a total transaction of $209,944.28. Following the completion of the transaction, the chief operating officer now directly owns 244,074 shares of the company's stock, valued at $30,428,705.58. The trade was a 0.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Karen Hartje sold 311,196 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $71.83, for a total value of $22,353,208.68. Following the completion of the sale, the chief financial officer now owns 154,266 shares of the company's stock, valued at $11,080,926.78. This trade represents a 66.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 443,080 shares of company stock worth $34,247,838 in the last three months. Corporate insiders own 49.49% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. B. Riley restated a "buy" rating and issued a $62.83 price target (up previously from $62.00) on shares of Sezzle in a research report on Wednesday, February 26th. Oppenheimer started coverage on shares of Sezzle in a research report on Thursday. They set an "outperform" rating and a $168.00 price target for the company. Finally, Wall Street Zen downgraded Sezzle from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Sezzle has an average rating of "Buy" and a consensus price target of $96.94.

Sezzle Price Performance

SEZL stock traded down $3.51 during mid-day trading on Friday, hitting $136.60. The company had a trading volume of 767,751 shares, compared to its average volume of 817,527. The company has a 50-day moving average price of $77.16 and a 200 day moving average price of $56.13. Sezzle Inc. has a 12-month low of $11.67 and a 12-month high of $141.83. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of 14.58 and a beta of 9.06. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54.

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

Sezzle Company 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.