Sezzle Inc. $SEZL Shares Acquired by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. has significantly increased its stake in Sezzle Inc. by over 1,068% during the first quarter, owning 0.51% of the company, valued at approximately $5.9 million.
• Several other institutional investors, including Rhumbline Advisers and MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd., have also raised their positions in Sezzle, indicating growing confidence in the company.
• Sezzle reported earnings of $0.69 per share for the last quarter, surpassing analysts' expectations, despite revenue falling short of estimates, highlighting mixed financial performance.

Goldman Sachs Group Inc. boosted its position in Sezzle Inc. (NASDAQ:SEZL - Free Report) by 1,068.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 169,487 shares of the company's stock after purchasing an additional 154,978 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.51% of Sezzle worth $5,913,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Sezzle by 497.6% during the first quarter. Vanguard Group Inc. now owns 1,013,698 shares of the company's stock worth $35,368,000 after acquiring an additional 844,084 shares during the last quarter. Driehaus Capital Management LLC grew its stake in shares of Sezzle by 497.8% during the first quarter. Driehaus Capital Management LLC now owns 327,276 shares of the company's stock worth $11,419,000 after acquiring an additional 272,530 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Sezzle by 719.1% during the first quarter. Acadian Asset Management LLC now owns 173,310 shares of the company's stock worth $6,040,000 after acquiring an additional 152,152 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Sezzle by 429.0% during the first quarter. Royal Bank of Canada now owns 132,361 shares of the company's stock worth $4,618,000 after acquiring an additional 107,340 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Sezzle by 483.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 120,661 shares of the company's stock worth $4,210,000 after acquiring an additional 99,964 shares during the last quarter. 2.02% of the stock is currently owned by institutional investors.

Insider Transactions at Sezzle

In related news, Director Paul Paradis sold 3,000 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $176.08, for a total value of $528,240.00. Following the completion of the transaction, the director directly owned 263,000 shares of the company's stock, valued at approximately $46,309,040. This represents a 1.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Karen Hartje sold 5,484 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $168.02, for a total value of $921,421.68. Following the completion of the transaction, the chief financial officer directly owned 126,846 shares of the company's stock, valued at approximately $21,312,664.92. This represents a 4.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 62,484 shares of company stock valued at $9,612,690 in the last three months. 49.49% of the stock is currently owned by company insiders.

Sezzle Stock Performance

Sezzle stock traded up $2.24 during mid-day trading on Friday, hitting $91.74. The company had a trading volume of 667,927 shares, compared to its average volume of 1,033,464. 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 12-month low of $23.82 and a 12-month high of $186.74. The company's fifty day moving average is $111.47 and its 200-day moving average is $93.49. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 31.44 and a beta of 9.02.

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, topping the consensus estimate of $0.58 by $0.11. The business had revenue of $60.31 million for the quarter, compared to analyst estimates of $93.33 million. Sezzle had a return on equity of 102.90% and a net margin of 28.13%. Equities research analysts predict that Sezzle Inc. will post 9.77 EPS for the current year.

Wall Street Analyst Weigh In

SEZL has been the topic of a number of research analyst reports. Oppenheimer boosted their price target on Sezzle from $168.00 to $202.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Wall Street Zen lowered Sezzle from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Cowen initiated coverage on Sezzle in a research report on Thursday, September 11th. They issued a "hold" rating on the stock. TD Cowen initiated coverage on Sezzle in a research report on Thursday, September 11th. They issued a "hold" rating and a $82.00 target price on the stock. Finally, B. Riley upped their target price on 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 two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.