Mirae Asset Global Investments Co. Ltd. Makes New Investment in Sezzle Inc. (NASDAQ:SEZL)

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

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Sezzle by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 169,614 shares of the company's stock valued at $43,387,000 after purchasing an additional 3,853 shares in the last quarter. G2 Investment Partners Management LLC raised its stake in Sezzle by 275.9% during the fourth quarter. G2 Investment Partners Management LLC now owns 102,192 shares of the company's stock worth $26,141,000 after acquiring an additional 75,007 shares in the last quarter. Marshall Wace LLP raised its stake in Sezzle by 792.3% during the fourth quarter. Marshall Wace LLP now owns 79,983 shares of the company's stock worth $20,460,000 after acquiring an additional 71,019 shares in the last quarter. Millennium Management LLC raised its stake in Sezzle by 172.7% during the fourth quarter. Millennium Management LLC now owns 27,398 shares of the company's stock worth $7,008,000 after acquiring an additional 17,351 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Sezzle during the first quarter worth $747,000. 2.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on SEZL shares. Wall Street Zen lowered Sezzle from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Oppenheimer increased their price objective on Sezzle from $168.00 to $202.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $108.28.

Insiders Place Their Bets

In other news, Director Paul Paradis sold 3,000 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $176.08, for a total value of $528,240.00. Following the completion of the sale, the director directly owned 263,000 shares in the company, valued at approximately $46,309,040. This trade represents a 1.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Amin Sabzivand sold 6,028 shares of the firm's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $164.23, for a total value of $989,978.44. Following the completion of the transaction, 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 489,608 shares of company stock valued at $41,660,224. 49.49% of the stock is currently owned by corporate insiders.

Sezzle Price Performance

Shares of NASDAQ:SEZL traded down $0.66 during midday trading on Monday, reaching $181.50. The company's stock had a trading volume of 931,157 shares, compared to its average volume of 830,541. Sezzle Inc. has a fifty-two week low of $11.67 and a fifty-two week high of $183.08. The company has a market capitalization of $6.04 billion, a P/E ratio of 61.32 and a beta of 9.16. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.62 and a quick ratio of 2.62. The business's fifty day simple moving average is $114.82 and its 200-day simple moving average is $67.27.

Sezzle declared that its board has initiated a stock repurchase plan on Monday, March 10th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 4.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

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.