New York State Common Retirement Fund Buys 4,000 Shares of Sezzle Inc. (NASDAQ:SEZL)

Key Points

• The New York State Common Retirement Fund increased its stake in Sezzle Inc. by 500% by acquiring an additional 4,000 shares, bringing its total holdings to 4,800 shares valued at approximately $167,000.
• Several other hedge funds have also significantly increased their positions in Sezzle, highlighting a broader institutional interest in the company.
• CFO Karen Hartje sold 311,196 shares of Sezzle, representing a 66.86% decrease in her position, while a significant number of shares were sold by other insiders as well.

New York State Common Retirement Fund boosted its stake in Sezzle Inc. (NASDAQ:SEZL - Free Report) by 500.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,800 shares of the company's stock after acquiring an additional 4,000 shares during the period. New York State Common Retirement Fund's holdings in Sezzle were worth $167,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. G2 Investment Partners Management LLC increased its stake in shares of Sezzle by 275.9% during the 4th 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 grew its holdings in Sezzle by 792.3% during the fourth 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 grew its holdings in Sezzle by 4,731.8% during the first quarter. Teacher Retirement System of Texas now owns 39,186 shares of the company's stock valued at $1,367,000 after purchasing an additional 38,375 shares during the period. Bank of New York Mellon Corp increased its position in Sezzle by 518.0% in the first quarter. Bank of New York Mellon Corp now owns 38,960 shares of the company's stock worth $1,359,000 after buying an additional 32,656 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Sezzle in the first quarter valued at $747,000. Institutional investors own 2.02% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on SEZL. Wall Street Zen lowered Sezzle from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Oppenheimer increased their target price 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.

Sezzle Price Performance

Shares of NASDAQ SEZL opened at $148.95 on Friday. The stock has a fifty day moving average of $137.83 and a 200-day moving average of $77.74. The stock has a market cap of $4.96 billion, a PE ratio of 50.32 and a beta of 9.16. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.62 and a current ratio of 2.62. Sezzle Inc. has a fifty-two week low of $11.67 and a fifty-two week high of $186.74.

Insider Buying and Selling at Sezzle

In other Sezzle news, CFO Karen Hartje sold 311,196 shares of the firm's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $71.83, for a total value of $22,353,208.68. Following the completion of the transaction, the chief financial officer directly owned 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul Paradis sold 50,000 shares of the company's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $90.53, for a total value of $4,526,500.00. Following the completion of the transaction, the director owned 528,382 shares in the company, valued at $47,834,422.46. This represents a 8.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 501,092 shares of company stock valued at $43,533,756 in the last quarter. 49.49% of the stock is currently owned by corporate insiders.

Sezzle Company 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.

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