Corebridge Financial Inc. Purchases 5,677 Shares of Sezzle Inc. $SEZL

Key Points

• Corebridge Financial Inc. has significantly increased its ownership in Sezzle Inc. by 490.7%, now holding 6,834 shares valued at $238,000.
• In recent insider trading, COO Amin Sabzivand and Director Paul Paradis sold substantial shares, reducing their holdings by 2.42% and 1.22%, respectively.
• Analysts have varied opinions on Sezzle, with price targets ranging from $111.00 to $202.00, and an average rating of "Buy."

Corebridge Financial Inc. raised its holdings in Sezzle Inc. (NASDAQ:SEZL - Free Report) by 490.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,834 shares of the company's stock after purchasing an additional 5,677 shares during the period. Corebridge Financial Inc.'s holdings in Sezzle were worth $238,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Sezzle by 497.6% in the first quarter. Vanguard Group Inc. now owns 1,013,698 shares of the company's stock valued at $35,368,000 after buying an additional 844,084 shares during the last quarter. T. Rowe Price Investment Management Inc. purchased a new position in shares of Sezzle in the first quarter valued at $4,011,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Sezzle by 483.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 120,661 shares of the company's stock valued at $4,210,000 after purchasing an additional 99,964 shares during the period. Independent Advisor Alliance boosted its stake in shares of Sezzle by 584.5% in the first quarter. Independent Advisor Alliance now owns 50,106 shares of the company's stock valued at $1,748,000 after purchasing an additional 42,786 shares during the period. Finally, Nuveen LLC bought a new position in Sezzle during the 1st quarter valued at $1,384,000. Hedge funds and other institutional investors own 2.02% of the company's stock.

Insider Buying and Selling

In related news, CFO Karen Hartje sold 5,484 shares of the firm's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $168.02, for a total value of $921,421.68. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Amin Sabzivand sold 18,000 shares of the firm's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $157.31, for a total value of $2,831,580.00. Following the completion of the sale, the chief operating officer directly owned 243,303 shares in the company, valued at $38,273,994.93. This trade represents a 6.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,484 shares of company stock worth $10,050,690. Company insiders own 49.49% of the company's stock.

Sezzle Stock Up 1.8%

NASDAQ:SEZL traded up $1.59 during trading hours on Friday, reaching $89.27. 854,129 shares of the stock were exchanged, compared to its average volume of 869,706. The stock has a market cap of $3.04 billion, a PE ratio of 30.59 and a beta of 9.02. The company has a debt-to-equity ratio of 1.00, a current ratio of 3.51 and a quick ratio of 3.51. Sezzle Inc. has a twelve month low of $23.41 and a twelve month high of $186.74. The firm has a 50 day moving average of $117.54 and a 200 day moving average of $92.66.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on SEZL shares. Wall Street Zen downgraded shares of Sezzle from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Oppenheimer boosted their target price on shares of Sezzle from $168.00 to $202.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. TD Cowen began coverage on shares of Sezzle in a report on Thursday. They set a "hold" rating and a $82.00 price target for the company. Finally, B. Riley raised their price objective 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. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $113.75.

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.