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

GAMMA Investing LLC lifted its holdings in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) by 96,725.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Rhumbline Advisers boosted its position in shares of Sezzle by 1.8% during the 4th quarter. Rhumbline Advisers now owns 2,556 shares of the company's stock worth $654,000 after purchasing an additional 45 shares in the last quarter. Principal Securities Inc. bought a new position in Sezzle in the fourth quarter worth approximately $84,000. Principal Financial Group Inc. grew its stake in Sezzle by 11.6% in the fourth quarter. Principal Financial Group Inc. now owns 3,588 shares of the company's stock valued at $918,000 after acquiring an additional 373 shares during the period. Navellier & Associates Inc. grew its stake in Sezzle by 21.5% in the fourth 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 during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Sezzle by 28.0% during 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 acquiring an additional 1,378 shares in the last quarter. Institutional investors and hedge funds own 2.02% of the company's stock.

Sezzle Stock Down 3.3%

NASDAQ:SEZL traded down $5.33 during trading hours on Wednesday, hitting $154.79. 957,207 shares of the company traded hands, compared to its average volume of 830,958. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.56. The company has a market cap of $5.15 billion, a PE ratio of 52.29 and a beta of 9.06. The firm's 50-day simple moving average is $94.52 and its 200-day simple moving average is $60.48. Sezzle Inc. has a one year low of $11.67 and a one year high of $165.04.

Sezzle announced that its Board of Directors has approved a stock repurchase program on Monday, March 10th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SEZL. Oppenheimer initiated coverage on Sezzle in a report on Thursday, June 12th. They issued an "outperform" rating and a $168.00 target price on the stock. Wall Street Zen downgraded shares of Sezzle from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, B. Riley reissued a "buy" rating and set a $62.83 target price (up from $62.00) on shares of Sezzle in a research report on Wednesday, February 26th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $96.94.

Insider Activity at Sezzle

In other news, CFO Karen Hartje sold 311,196 shares of Sezzle stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $71.83, for a total transaction of $22,353,208.68. Following the sale, the chief financial officer now directly owns 154,266 shares in the company, valued at $11,080,926.78. The trade was a 66.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul Paradis sold 3,000 shares of the business's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $146.00, for a total transaction of $438,000.00. Following the completion of the transaction, the director now directly owns 269,000 shares in the company, valued at $39,274,000. This trade represents a 1.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 447,608 shares of company stock valued at $34,902,126 over the last ninety days. Corporate insiders own 49.49% of the company's stock.

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.