Lake Hills Wealth Management LLC Takes $1.08 Million Position in Sezzle Inc. $SEZL

Key Points

• Lake Hills Wealth Management LLC has invested approximately $1.08 million in Sezzle Inc., acquiring 6,017 shares and making it the company's 20th largest holding.
• Sezzle exceeded earnings expectations with an EPS of $0.69 for the latest quarter, while revenues were reported at $60.31 million, below the consensus estimate.
• Recent analyst ratings suggest a mixed outlook for Sezzle, with one firm setting a "hold" rating and a price target raised to $202.00, while others remain conservative with a "moderate buy" consensus rating.

Lake Hills Wealth Management LLC purchased a new stake in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 6,017 shares of the company's stock, valued at approximately $1,079,000. Sezzle comprises 0.6% of Lake Hills Wealth Management LLC's investment portfolio, making the stock its 20th largest position.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Sezzle by 497.6% during the 1st quarter. Vanguard Group Inc. now owns 1,013,698 shares of the company's stock worth $35,368,000 after buying an additional 844,084 shares in the last quarter. Driehaus Capital Management LLC boosted its stake in shares of Sezzle by 497.8% in the 1st quarter. Driehaus Capital Management LLC now owns 327,276 shares of the company's stock worth $11,419,000 after buying an additional 272,530 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Sezzle by 1,068.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 169,487 shares of the company's stock worth $5,913,000 after buying an additional 154,978 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Sezzle by 719.1% in the 1st quarter. Acadian Asset Management LLC now owns 173,310 shares of the company's stock worth $6,040,000 after buying an additional 152,152 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. purchased a new position in shares of Sezzle in the 1st quarter worth approximately $4,011,000. Institutional investors and hedge funds own 2.02% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Oppenheimer boosted their target price 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 downgraded Sezzle from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Cowen started coverage on shares of Sezzle in a report on Thursday, September 11th. They issued a "hold" rating on the stock. TD Cowen started coverage on shares of Sezzle in a report on Thursday, September 11th. They issued a "hold" rating and a $82.00 price target on the stock. Finally, B. Riley lifted their price target on shares of Sezzle from $101.00 to $111.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $113.75.

Sezzle Price Performance

NASDAQ:SEZL traded up $2.10 during midday trading on Friday, hitting $91.60. The company had a trading volume of 1,148,305 shares, compared to its average volume of 816,854. Sezzle Inc. has a 52-week low of $23.82 and a 52-week high of $186.74. The stock's fifty day moving average price is $110.61 and its 200-day moving average price is $94.17. The company has a market capitalization of $3.12 billion, a PE ratio of 31.39 and a beta of 9.02. The company has a quick ratio of 3.51, a current ratio of 3.51 and a debt-to-equity ratio of 1.00.

Sezzle (NASDAQ:SEZL - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.11. Sezzle had a net margin of 28.13% and a return on equity of 102.90%. The company had revenue of $60.31 million during the quarter, compared to analyst estimates of $93.33 million. As a group, research analysts expect that Sezzle Inc. will post 9.77 earnings per share for the current year.

Insiders Place Their Bets

In other Sezzle news, CFO Karen Hartje sold 5,484 shares of the business's 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 sale, the chief financial officer directly owned 126,846 shares of the company's stock, valued at $21,312,664.92. The trade was a 4.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Amin Sabzivand sold 6,028 shares of the company's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $164.23, for a total transaction of $989,978.44. Following the transaction, the chief operating officer directly owned 243,303 shares of the company's stock, valued at approximately $39,957,651.69. This trade represents a 2.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 62,484 shares of company stock valued at $9,612,690 over the last three months. Insiders own 49.49% of the company's stock.

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.