Massachusetts Financial Services Co. MA Acquires Shares of 19,464 Sezzle Inc. (NASDAQ:SEZL)

Massachusetts Financial Services Co. MA acquired a new stake in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 19,464 shares of the company's stock, valued at approximately $679,000. Massachusetts Financial Services Co. MA owned about 0.06% of Sezzle at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. G2 Investment Partners Management LLC boosted its position in Sezzle by 275.9% in the fourth quarter. G2 Investment Partners Management LLC now owns 102,192 shares of the company's stock worth $26,141,000 after purchasing an additional 75,007 shares during the last quarter. Marshall Wace LLP raised its stake in Sezzle by 792.3% during the 4th quarter. Marshall Wace LLP now owns 79,983 shares of the company's stock valued at $20,460,000 after purchasing an additional 71,019 shares during the period. Teacher Retirement System of Texas increased its stake in Sezzle by 4,731.8% in the 1st quarter. Teacher Retirement System of Texas now owns 39,186 shares of the company's stock worth $1,367,000 after acquiring an additional 38,375 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Sezzle by 518.0% in the 1st quarter. Bank of New York Mellon Corp now owns 38,960 shares of the company's stock worth $1,359,000 after acquiring an additional 32,656 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Sezzle in the 1st quarter worth approximately $747,000. 2.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SEZL has been the subject of a number of research analyst reports. Oppenheimer increased their price target on Sezzle from $168.00 to $202.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Wall Street Zen lowered Sezzle from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd.

Insider Buying and Selling at Sezzle

In related news, CFO Karen Hartje sold 5,484 shares of the business's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $168.02, for a total transaction 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 $21,312,664.92. The trade was a 4.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul Paradis sold 3,000 shares of the business's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $182.03, for a total value of $546,090.00. Following the transaction, the director directly owned 260,000 shares of the company's stock, valued at $47,327,800. The trade was a 1.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have 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.

Sezzle Price Performance

Shares of NASDAQ SEZL traded down $4.61 during midday trading on Monday, hitting $135.98. The stock had a trading volume of 940,021 shares, compared to its average volume of 853,259. Sezzle Inc. has a 1 year low of $11.67 and a 1 year high of $186.74. The company has a market capitalization of $4.53 billion, a PE ratio of 45.94 and a beta of 9.16. 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 stock has a 50 day simple moving average of $132.88 and a 200-day simple moving average of $74.63.

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.