Driehaus Capital Management LLC Has $11.42 Million Stake in Sezzle Inc. $SEZL

Key Points

• Driehaus Capital Management LLC significantly increased its stake in Sezzle Inc. by 497.8%, holding 327,276 shares valued at $11.42 million after purchasing 272,530 additional shares in the first quarter.
• Sezzle's stock recently experienced a 1.3% drop and is currently valued at around $94.60, with a market capitalization of approximately $3.22 billion.
• Analysts have mixed views on Sezzle, with B. Riley increasing the target price to $111 and Oppenheimer to $202, while Wall Street Zen downgraded its rating from "buy" to "hold."

Driehaus Capital Management LLC increased its position in Sezzle Inc. (NASDAQ:SEZL - Free Report) by 497.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 327,276 shares of the company's stock after purchasing an additional 272,530 shares during the period. Driehaus Capital Management LLC owned about 0.96% of Sezzle worth $11,419,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its stake in 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. BNP Paribas Financial Markets acquired a new position in Sezzle in the 4th quarter worth approximately $136,000. CWM LLC boosted its stake in Sezzle by 49,400.0% in the 1st quarter. CWM LLC now owns 990 shares of the company's stock worth $35,000 after purchasing an additional 988 shares during the period. Cantor Fitzgerald L. P. purchased a new stake in Sezzle in the 4th quarter worth approximately $262,000. Finally, Graham Capital Management L.P. purchased a new stake in Sezzle in the 4th quarter worth approximately $287,000. Institutional investors and hedge funds own 2.02% of the company's stock.

Analyst Ratings Changes

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

Sezzle Stock Down 1.3%

Sezzle stock opened at $94.60 on Friday. The company has a market capitalization of $3.22 billion, a P/E ratio of 32.42 and a beta of 9.09. The firm's fifty day simple moving average is $133.14 and its 200-day simple moving average is $90.14. 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 Inc. has a 1-year low of $20.74 and a 1-year high of $186.74.

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

Insider Activity

In other news, CFO Karen Hartje sold 5,484 shares of the firm's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $168.02, for a total transaction 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul Paradis sold 3,000 shares of the firm's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $182.03, for a total transaction of $546,090.00. Following the transaction, the director owned 260,000 shares in the company, valued at $47,327,800. This represents a 1.14% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 68,696 shares of company stock worth $10,476,922. 49.49% of the stock is owned by corporate insiders.

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.

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