Corebridge Financial Inc. Increases Stake in 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. grew its position in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) by 490.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,834 shares of the company's stock after buying an additional 5,677 shares during the quarter. Corebridge Financial Inc.'s holdings in Sezzle were worth $238,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new position in Sezzle during the 4th quarter worth $136,000. CWM LLC increased its holdings in shares of Sezzle by 49,400.0% in the 1st quarter. CWM LLC now owns 990 shares of the company's stock valued at $35,000 after purchasing an additional 988 shares in the last quarter. Graham Capital Management L.P. purchased a new position in shares of Sezzle in the 4th quarter valued at about $287,000. The Manufacturers Life Insurance Company purchased a new position in shares of Sezzle in the 4th quarter valued at about $311,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Sezzle by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,320 shares of the company's stock valued at $338,000 after purchasing an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 2.02% of the company's stock.

Insiders Place Their Bets

In other Sezzle news, COO Amin Sabzivand sold 6,028 shares of the firm's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $164.23, for a total transaction of $989,978.44. Following the sale, the chief operating officer directly owned 243,303 shares of the company's stock, valued at $39,957,651.69. This trade represents a 2.42% 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 the firm's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $91.62, for a total transaction of $274,860.00. Following the sale, the director directly owned 242,000 shares in the company, 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 have sold 67,012 shares of company stock valued at $10,266,978 in the last ninety days. Insiders own 49.49% of the company's stock.

Analysts Set New Price Targets

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

Sezzle Price Performance

Shares of NASDAQ SEZL opened at $88.00 on Tuesday. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 30.15 and a beta of 9.04. Sezzle Inc. has a 52 week low of $21.26 and a 52 week high of $186.74. The company's 50-day moving average price is $124.40 and its 200 day moving average price is $91.82. The company has a current ratio of 3.51, a quick ratio of 3.51 and a debt-to-equity ratio of 1.00.

Sezzle (NASDAQ:SEZL - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.69 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $93.33 million. As a group, research analysts forecast that Sezzle Inc. will post 9.77 earnings per share 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.

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