Millennium Management LLC Raises Stock Holdings in Sezzle Inc. (NASDAQ:SEZL)

Millennium Management LLC lifted its holdings in Sezzle Inc. (NASDAQ:SEZL - Free Report) by 172.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,398 shares of the company's stock after buying an additional 17,351 shares during the quarter. Millennium Management LLC owned approximately 0.49% of Sezzle worth $7,008,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Sezzle by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 169,614 shares of the company's stock worth $43,387,000 after buying an additional 3,853 shares during the period. G2 Investment Partners Management LLC raised its holdings in shares of 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 buying an additional 75,007 shares during the period. Marshall Wace LLP raised its holdings in shares of Sezzle by 792.3% in the fourth quarter. Marshall Wace LLP now owns 79,983 shares of the company's stock worth $20,460,000 after buying an additional 71,019 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in shares of Sezzle by 912.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 21,097 shares of the company's stock worth $5,397,000 after buying an additional 19,014 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Sezzle by 6.8% in the fourth quarter. Northern Trust Corp now owns 20,708 shares of the company's stock worth $5,297,000 after buying an additional 1,319 shares during the period. 2.02% of the stock is currently owned by hedge funds and other institutional investors.

Sezzle Trading Down 3.2%

NASDAQ:SEZL traded down $3.46 during midday trading on Friday, hitting $105.69. The stock had a trading volume of 1,199,013 shares, compared to its average volume of 796,460. Sezzle Inc. has a one year low of $11.50 and a one year high of $115.84. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 11.24 and a beta of 8.41. The stock has a 50-day moving average of $60.84 and a 200 day moving average of $52.56. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54.

Sezzle (NASDAQ:SEZL - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.22. The business had revenue of $271.13 billion for the quarter, compared to analysts' expectations of $73.90 million. Sezzle had a return on equity of 101.18% and a net margin of 25.29%. As a group, sell-side analysts forecast that Sezzle Inc. will post 9.77 EPS for the current year.

Sezzle announced that its board has authorized a share buyback program on Monday, March 10th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to buy up to 4.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SEZL shares. B. Riley reissued a "buy" rating and issued a $62.83 price objective (up previously from $62.00) on shares of Sezzle in a research note on Wednesday, February 26th. Wall Street Zen cut Sezzle from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd.

Insider Buying and Selling at Sezzle

In other news, CFO Karen Hartje sold 311,196 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $71.83, for a total value of $22,353,208.68. Following the completion of the sale, the chief financial officer now owns 154,266 shares of the company's stock, valued at $11,080,926.78. This trade represents a 66.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul Paradis sold 18,000 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $75.00, for a total value of $1,350,000.00. Following the completion of the sale, the director now directly owns 315,000 shares of the company's stock, valued at $23,625,000. The trade was a 5.41% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 441,396 shares of company stock valued at $34,037,893. 49.49% of the stock is currently owned by corporate 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.