Meeder Asset Management Inc. Acquires 2,260 Shares of Sezzle Inc. (NASDAQ:SEZL)

Key Points

• Meeder Asset Management Inc. significantly increased its holdings in Sezzle Inc. by 1,852.5%, acquiring an additional 2,260 shares, bringing their total to 2,382 shares valued at $83,000.
• Insider activity includes Director Paul Paradis selling 50,000 shares for about $4.53 million and COO Amin Sabzivand selling 18,000 shares valued at approximately $2.83 million, indicating a decrease in their ownership positions.
• Research firms have varied ratings on Sezzle, with Oppenheimer raising its price target to $202.00 while Wall Street Zen downgraded its rating from "strong-buy" to "buy."

Meeder Asset Management Inc. lifted its stake in Sezzle Inc. (NASDAQ:SEZL - Free Report) by 1,852.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,382 shares of the company's stock after purchasing an additional 2,260 shares during the quarter. Meeder Asset Management Inc.'s holdings in Sezzle were worth $83,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of SEZL. Teacher Retirement System of Texas purchased a new position in Sezzle in the 4th quarter worth about $207,000. KLP Kapitalforvaltning AS bought a new position in shares of Sezzle during the 4th quarter valued at approximately $128,000. Vanguard Group Inc. grew its stake in shares of Sezzle by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 169,614 shares of the company's stock valued at $43,387,000 after acquiring an additional 3,853 shares during the period. JPMorgan Chase & Co. boosted its stake in Sezzle by 16.8% in the 4th quarter. JPMorgan Chase & Co. now owns 4,647 shares of the company's stock worth $1,189,000 after purchasing an additional 668 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Sezzle by 5.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,438 shares of the company's stock worth $1,391,000 after purchasing an additional 285 shares during the period. Hedge funds and other institutional investors own 2.02% of the company's stock.

Analyst Ratings Changes

SEZL has been the subject of several recent analyst reports. Oppenheimer upped 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 cut Sezzle from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd.

Sezzle Price Performance

Shares of SEZL traded up $11.13 during mid-day trading on Monday, hitting $155.13. 432,025 shares of the stock were exchanged, compared to its average volume of 1,007,368. The firm has a 50-day moving average of $142.53 and a two-hundred day moving average of $81.76. Sezzle Inc. has a 52-week low of $11.82 and a 52-week high of $186.74. The company has a market cap of $5.16 billion, a PE ratio of 52.60 and a beta of 9.10. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.62 and a current ratio of 2.62.

Insider Activity at Sezzle

In related news, COO Amin Sabzivand sold 6,028 shares of the stock in a transaction on Friday, June 27th. The stock was sold at an average price of $164.23, for a total transaction of $989,978.44. Following the sale, the chief operating officer owned 243,303 shares in the company, valued at approximately $39,957,651.69. This represents a 2.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Paul Paradis sold 3,000 shares of the stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $147.19, for a total value of $441,570.00. Following the sale, the director owned 251,000 shares in the company, valued at $36,944,690. The trade was a 1.18% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 504,092 shares of company stock worth $43,975,326. Company insiders own 49.49% of the company's stock.

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.