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 position in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 6,017 shares of the company's stock, valued at approximately $1,079,000. Sezzle makes up 0.6% of Lake Hills Wealth Management LLC's portfolio, making the stock its 20th biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BNP Paribas Financial Markets purchased a new position in Sezzle during the 4th quarter worth $136,000. CWM LLC boosted its holdings in shares of Sezzle by 49,400.0% in the first quarter. CWM LLC now owns 990 shares of the company's stock valued at $35,000 after acquiring an additional 988 shares in the last quarter. Modus Advisors LLC purchased a new stake in shares of Sezzle in the second quarter valued at about $228,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Sezzle by 3.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,320 shares of the company's stock valued at $338,000 after acquiring an additional 44 shares in the last quarter. Finally, Gotham Asset Management LLC purchased a new stake in shares of Sezzle in the fourth quarter valued at about $375,000. 2.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on SEZL shares. B. Riley lifted their target price on shares of Sezzle from $101.00 to $111.00 and gave the company a "buy" rating in a report on Monday, August 11th. Wall Street Zen downgraded shares of Sezzle from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. TD Cowen started coverage on shares of Sezzle in a report on Thursday, September 11th. They issued a "hold" rating and a $82.00 target price on the stock. Oppenheimer boosted their price objective on shares of Sezzle from $168.00 to $202.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Finally, Cowen started coverage on shares of Sezzle in a report on Thursday, September 11th. They set a "hold" rating on the stock. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $113.75.

Sezzle Trading Up 2.3%

SEZL stock traded up $2.10 on Friday, hitting $91.60. 1,148,305 shares of the company were exchanged, compared to its average volume of 816,854. Sezzle Inc. has a twelve month low of $23.82 and a twelve month high of $186.74. The company has a debt-to-equity ratio of 1.00, a current ratio of 3.51 and a quick ratio of 3.51. The business's fifty day moving average is $110.61 and its two-hundred day moving average is $93.82. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 31.39 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.11. The company had revenue of $60.31 million during the quarter, compared to the consensus estimate of $93.33 million. Sezzle had a net margin of 28.13% and a return on equity of 102.90%. As a group, research analysts forecast that Sezzle Inc. will post 9.77 earnings per share for the current year.

Insider Transactions at Sezzle

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

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.