GAMMA Investing LLC Purchases 7,738 Shares of Sezzle Inc. (NASDAQ:SEZL)

GAMMA Investing LLC grew its stake in Sezzle Inc. (NASDAQ:SEZL - Free Report) by 96,725.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,746 shares of the company's stock after purchasing an additional 7,738 shares during the period. GAMMA Investing LLC's holdings in Sezzle were worth $270,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Rhumbline Advisers lifted its stake in shares of Sezzle by 1.8% during the fourth quarter. Rhumbline Advisers now owns 2,556 shares of the company's stock valued at $654,000 after acquiring an additional 45 shares during the period. Principal Securities Inc. acquired a new position in Sezzle during the 4th quarter worth approximately $84,000. Principal Financial Group Inc. boosted its holdings in Sezzle by 11.6% during the fourth quarter. Principal Financial Group Inc. now owns 3,588 shares of the company's stock worth $918,000 after purchasing an additional 373 shares during the last quarter. Navellier & Associates Inc. grew its holdings in shares of Sezzle by 21.5% in the 4th quarter. Navellier & Associates Inc. now owns 8,667 shares of the company's stock valued at $2,217,000 after acquiring an additional 1,531 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Sezzle by 28.0% in the fourth quarter. Bank of New York Mellon Corp now owns 6,304 shares of the company's stock valued at $1,613,000 after purchasing an additional 1,378 shares in the last quarter. 2.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Sezzle

In other Sezzle news, Director Paul Paradis sold 18,000 shares of Sezzle stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $75.00, for a total value of $1,350,000.00. Following the completion of the sale, the director now directly owns 315,000 shares of the company's stock, valued at approximately $23,625,000. The trade was a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Karen Hartje sold 311,196 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $71.83, for a total transaction of $22,353,208.68. Following the transaction, the chief financial officer now owns 154,266 shares in the company, valued at $11,080,926.78. This represents a 66.86% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 447,608 shares of company stock valued at $34,902,126. 49.49% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on SEZL. Oppenheimer assumed coverage on shares of Sezzle in a report on Thursday, June 12th. They issued an "outperform" rating and a $168.00 price objective on the stock. Wall Street Zen cut Sezzle from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, B. Riley reaffirmed a "buy" rating and set a $62.83 price target (up previously from $62.00) on shares of Sezzle in a report on Wednesday, February 26th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $96.94.

Sezzle Stock Up 2.8%

Shares of Sezzle stock opened at $147.04 on Friday. The stock's 50-day moving average is $90.06 and its 200 day moving average is $59.21. Sezzle Inc. has a one year low of $11.67 and a one year high of $152.10. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 49.68 and a beta of 9.06. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.62 and a quick ratio of 2.62.

Sezzle announced that its Board of Directors has approved a stock buyback plan on Monday, March 10th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to repurchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

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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