Charles Schwab Investment Management Inc. Purchases 99,964 Shares of Sezzle Inc. $SEZL

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. lifted its stake in Sezzle Inc. (NASDAQ:SEZL - Free Report) by 483.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 120,661 shares of the company's stock after purchasing an additional 99,964 shares during the period. Charles Schwab Investment Management Inc. owned 0.36% of Sezzle worth $4,210,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SEZL. Tower Research Capital LLC TRC lifted its position in shares of Sezzle by 94.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 407 shares of the company's stock worth $104,000 after purchasing an additional 198 shares during the period. Price T Rowe Associates Inc. MD purchased a new stake in shares of Sezzle in the 4th quarter worth about $424,000. Tudor Investment Corp ET AL lifted its position in shares of Sezzle by 131.6% in the 4th quarter. Tudor Investment Corp ET AL now owns 9,301 shares of the company's stock worth $2,379,000 after purchasing an additional 5,285 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in shares of Sezzle in the 4th quarter worth about $311,000. Finally, Northern Trust Corp lifted its position in shares of Sezzle by 6.8% in the 4th quarter. Northern Trust Corp now owns 20,708 shares of the company's stock worth $5,297,000 after purchasing an additional 1,319 shares during the period. 2.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Transactions at Sezzle

In other 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 sale, the chief operating officer directly owned 243,303 shares in the company, valued at $39,957,651.69. The trade was a 2.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paul Paradis sold 3,000 shares of Sezzle stock in a transaction that occurred on Tuesday, August 19th. The stock was 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 represents a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 68,696 shares of company stock worth $10,476,922 over the last three months. 49.49% of the stock is currently owned by company insiders.

Sezzle Stock Down 1.3%

Sezzle stock traded down $1.21 during trading hours on Monday, hitting $94.60. The stock had a trading volume of 1,182,509 shares, compared to its average volume of 1,352,795. The company has a quick ratio of 3.51, a current ratio of 3.51 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $3.22 billion, a P/E ratio of 32.42 and a beta of 9.04. Sezzle Inc. has a 12-month low of $20.74 and a 12-month high of $186.74. The stock's 50-day moving average price is $133.14 and its 200-day moving average price is $90.38.

Sezzle (NASDAQ:SEZL - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.69 earnings per share (EPS) for the quarter, topping 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 business had revenue of $60.31 million during the quarter, compared to analysts' expectations of $93.33 million. Equities research analysts anticipate that Sezzle Inc. will post 9.77 EPS for the current fiscal year.

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.