Mirae Asset Global Investments Co. Ltd. Purchases Shares of 3,768 Sezzle Inc. (NASDAQ:SEZL)

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,768 shares of the company's stock, valued at approximately $131,000.

Other hedge funds have also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in Sezzle by 28.0% in the fourth quarter. Bank of New York Mellon Corp now owns 6,304 shares of the company's stock valued at $1,613,000 after acquiring an additional 1,378 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Sezzle by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,697 shares of the company's stock worth $5,294,000 after purchasing an additional 334 shares during the last quarter. Arizona State Retirement System acquired a new position in shares of Sezzle in the 4th quarter worth approximately $207,000. Independent Advisor Alliance acquired a new position in shares of Sezzle in the 4th quarter worth approximately $1,872,000. Finally, Prosperity Wealth Management Inc. acquired a new position in shares of Sezzle in the 4th quarter worth approximately $290,000. 2.02% of the stock is owned by institutional investors and hedge funds.

Sezzle Stock Down 10.5%

Shares of Sezzle stock traded down $17.46 during trading on Thursday, reaching $148.63. 1,691,428 shares of the company traded hands, compared to its average volume of 837,309. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.62 and a quick ratio of 2.62. Sezzle Inc. has a 1-year low of $11.67 and a 1-year high of $186.74. The company has a 50 day moving average price of $121.99 and a 200-day moving average price of $69.56. The firm has a market capitalization of $4.95 billion, a PE ratio of 50.21 and a beta of 9.16.

Insider Activity at Sezzle

In related news, Director Paul Paradis sold 50,000 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $90.53, for a total transaction of $4,526,500.00. Following the transaction, the director owned 528,382 shares in the company, valued at $47,834,422.46. The trade was a 8.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Karen Hartje sold 311,196 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $71.83, for a total transaction of $22,353,208.68. Following the transaction, the chief financial officer owned 154,266 shares in the company, valued at $11,080,926.78. The trade was a 66.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 495,092 shares of company stock worth $42,581,646 in the last quarter. Company insiders own 49.49% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SEZL shares. Oppenheimer boosted their price target on shares of Sezzle from $168.00 to $202.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Wall Street Zen downgraded shares of Sezzle from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd.

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.