California State Teachers Retirement System Purchases 2,405 Shares of Sezzle Inc. (NASDAQ:SEZL)

California State Teachers Retirement System lifted 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 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,576 shares of the company's stock after buying an additional 2,405 shares during the period. California State Teachers Retirement System's holdings in Sezzle were worth $659,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Plato Investment Management Ltd acquired a new position in Sezzle in the 4th quarter worth $30,000. Meeder Asset Management Inc. acquired a new position in Sezzle in the 4th quarter worth $31,000. Federated Hermes Inc. boosted its stake in Sezzle by 3,575.0% in the 4th quarter. Federated Hermes Inc. now owns 147 shares of the company's stock worth $38,000 after purchasing an additional 143 shares during the period. Principal Securities Inc. acquired a new position in Sezzle in the 4th quarter worth $84,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Sezzle by 94.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 407 shares of the company's stock worth $104,000 after buying an additional 198 shares during the last quarter. Institutional investors own 2.02% of the company's stock.

Sezzle Price Performance

Sezzle stock traded down $6.56 during mid-day trading on Friday, reaching $133.54. The company had a trading volume of 1,389,907 shares, compared to its average volume of 822,303. Sezzle Inc. has a fifty-two week low of $11.67 and a fifty-two week high of $141.83. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54. The company has a market cap of $4.45 billion, a P/E ratio of 14.21 and a beta of 9.06. The business has a fifty day simple moving average of $79.22 and a 200 day simple moving average of $56.47.

Sezzle announced that its board has authorized a share buyback program on Monday, March 10th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 4.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Insider Transactions at Sezzle

In related news, COO Amin Sabzivand sold 1,684 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $124.67, for a total value of $209,944.28. Following the transaction, the chief operating officer now owns 244,074 shares in the company, valued at $30,428,705.58. The trade was a 0.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Karen Hartje sold 311,196 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $71.83, for a total transaction of $22,353,208.68. Following the completion of the transaction, the chief financial officer now owns 154,266 shares in the company, valued at approximately $11,080,926.78. The trade was a 66.86% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 443,080 shares of company stock worth $34,247,838. Company insiders own 49.49% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on SEZL. Oppenheimer began coverage on shares of Sezzle in a research note on Thursday. They set an "outperform" rating and a $168.00 price objective for the company. Wall Street Zen downgraded shares of Sezzle from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Finally, B. Riley reiterated a "buy" rating and issued a $62.83 target price (up from $62.00) on shares of Sezzle in a research note on Wednesday, February 26th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $96.94.

About Sezzle

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.