Sezzle Inc. $SEZL Shares Acquired by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Sezzle Inc. by 483.0%, acquiring an additional 99,964 shares in the first quarter, bringing its total to 120,661 shares valued at approximately $4.21 million.
• Sezzle's latest earnings report showed a $0.69 EPS, surpassing analysts' expectations of $0.58, while revenue for the quarter was $60.31 million, below expectations of $93.33 million.
• Institutional investors now own approximately 2.02% of Sezzle's stock, with several hedge funds making significant adjustments to their positions during the last quarter, indicating a growing interest in the company.

Charles Schwab Investment Management Inc. grew its holdings in Sezzle Inc. (NASDAQ:SEZL - Free Report) by 483.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,661 shares of the company's stock after purchasing an additional 99,964 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.36% of Sezzle worth $4,210,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Sezzle by 497.6% in the 1st quarter. Vanguard Group Inc. now owns 1,013,698 shares of the company's stock worth $35,368,000 after purchasing an additional 844,084 shares in the last quarter. G2 Investment Partners Management LLC lifted its stake in Sezzle by 275.9% in the 4th quarter. G2 Investment Partners Management LLC now owns 102,192 shares of the company's stock worth $26,141,000 after purchasing an additional 75,007 shares in the last quarter. Navellier & Associates Inc. increased its holdings in shares of Sezzle by 381.4% during the 1st quarter. Navellier & Associates Inc. now owns 41,725 shares of the company's stock worth $1,456,000 after buying an additional 33,058 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Sezzle by 4,731.8% during the 1st quarter. Teacher Retirement System of Texas now owns 39,186 shares of the company's stock worth $1,367,000 after buying an additional 38,375 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Sezzle by 518.0% during the 1st quarter. Bank of New York Mellon Corp now owns 38,960 shares of the company's stock worth $1,359,000 after buying an additional 32,656 shares during the last quarter. 2.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SEZL shares. Oppenheimer raised their price target on shares of Sezzle from $168.00 to $202.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Wall Street Zen downgraded shares of Sezzle from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Finally, B. Riley raised their price target on shares of Sezzle from $101.00 to $111.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Sezzle has a consensus rating of "Buy" and an average target price of $124.33.

Sezzle Trading Down 2.7%

Sezzle stock traded down $2.44 during trading on Wednesday, hitting $88.04. The company had a trading volume of 686,756 shares, compared to its average volume of 1,319,942. Sezzle Inc. has a 1-year low of $21.04 and a 1-year high of $186.74. The company has a current ratio of 3.51, a quick ratio of 3.51 and a debt-to-equity ratio of 1.00. The company's 50 day simple moving average is $129.40 and its 200-day simple moving average is $90.63. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 30.17 and a beta of 9.02.

Sezzle (NASDAQ:SEZL - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.11. Sezzle had a net margin of 28.13% and a return on equity of 102.90%. The firm had revenue of $60.31 million during the quarter, compared to the consensus estimate of $93.33 million. As a group, analysts expect that Sezzle Inc. will post 9.77 EPS for the current fiscal year.

Insider Activity at Sezzle

In related news, CFO Karen Hartje sold 5,484 shares of Sezzle stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $168.02, for a total value of $921,421.68. Following the completion of the sale, the chief financial officer owned 126,846 shares in the company, valued at approximately $21,312,664.92. This trade represents a 4.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul Paradis sold 3,000 shares of Sezzle stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $91.62, for a total transaction of $274,860.00. Following the completion of the sale, the director owned 242,000 shares of the company's stock, valued at $22,172,040. This trade represents a 1.22% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 68,696 shares of company stock worth $10,476,922. Insiders own 49.49% of the company's stock.

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.