Hussman Strategic Advisors Inc. Acquires Shares of 37,800 Sezzle Inc. (NASDAQ:SEZL)

Hussman Strategic Advisors Inc. bought a new stake in Sezzle Inc. (NASDAQ:SEZL - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 37,800 shares of the company's stock, valued at approximately $1,319,000. Hussman Strategic Advisors Inc. owned about 0.11% of Sezzle as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new position in Sezzle in the 4th quarter valued at about $31,000. CWM LLC raised its position in Sezzle by 49,400.0% during the first 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. Federated Hermes Inc. lifted its stake in Sezzle by 3,575.0% during the fourth quarter. Federated Hermes Inc. now owns 147 shares of the company's stock worth $38,000 after purchasing an additional 143 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Sezzle by 94.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 407 shares of the company's stock worth $104,000 after buying an additional 198 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Sezzle in the 4th quarter valued at approximately $128,000. Institutional investors and hedge funds own 2.02% of the company's stock.

Sezzle Stock Down 1.1%

NASDAQ:SEZL traded down $1.43 during trading hours on Tuesday, hitting $134.55. 811,800 shares of the company traded hands, compared to its average volume of 856,074. Sezzle Inc. has a one year low of $11.67 and a one year high of $186.74. The company has a market cap of $4.48 billion, a PE ratio of 45.46 and a beta of 9.16. The firm's 50-day simple moving average is $132.88 and its 200-day simple moving average is $74.63. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.56.

Insiders Place Their Bets

In other news, CFO Karen Hartje sold 311,196 shares of Sezzle stock in a transaction on 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 completion of the sale, the chief financial officer directly owned 154,266 shares of the company's stock, valued at approximately $11,080,926.78. The trade was a 66.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul Paradis sold 50,000 shares of the company's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $90.53, for a total value of $4,526,500.00. Following the completion of the transaction, the director owned 528,382 shares of the company's stock, valued at $47,834,422.46. The trade was a 8.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 498,092 shares of company stock worth $43,127,736 over the last quarter. 49.49% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SEZL has been the topic of a number of research reports. Wall Street Zen lowered shares of Sezzle from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Oppenheimer raised their price objective 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.

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.