Nuveen LLC Buys New Holdings in Sezzle Inc. $SEZL

Key Points

• Nuveen LLC invested approximately $1.38 million in Sezzle Inc., purchasing 39,660 shares, which represents about 0.12% of the company.
• Other institutional investors, including Vanguard Group Inc. and Charles Schwab Investment Management Inc., significantly increased their holdings in Sezzle, with Vanguard's stake growing by 497.6%.
• In the latest earnings announcement, Sezzle reported $0.69 earnings per share, beating expectations, although revenue of $60.31 million fell short of analyst estimates.

Nuveen LLC acquired a new stake in Sezzle Inc. (NASDAQ:SEZL - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 39,660 shares of the company's stock, valued at approximately $1,384,000. Nuveen LLC owned approximately 0.12% of Sezzle as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of SEZL. Invesco Ltd. lifted its stake in shares of Sezzle by 471.1% in the first quarter. Invesco Ltd. now owns 7,133 shares of the company's stock worth $249,000 after buying an additional 5,884 shares in the last quarter. Sierra Summit Advisors LLC purchased a new position in Sezzle in the 1st quarter worth approximately $587,000. Swiss National Bank boosted its holdings in shares of Sezzle by 489.1% during the 1st quarter. Swiss National Bank now owns 32,400 shares of the company's stock worth $1,130,000 after purchasing an additional 26,900 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Sezzle by 469.0% during the 1st quarter. Deutsche Bank AG now owns 11,886 shares of the company's stock worth $415,000 after purchasing an additional 9,797 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Sezzle by 483.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 120,661 shares of the company's stock valued at $4,210,000 after purchasing an additional 99,964 shares in the last quarter. Hedge funds and other institutional investors own 2.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SEZL shares. Wall Street Zen lowered Sezzle from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Oppenheimer raised their price objective 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. Finally, B. Riley increased their price target on shares of Sezzle from $101.00 to $111.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $124.33.

Insider Activity at Sezzle

In related news, CFO Karen Hartje sold 5,484 shares of the business's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $168.02, for a total value of $921,421.68. Following the transaction, the chief financial officer owned 126,846 shares in the company, valued at $21,312,664.92. The trade was a 4.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Paul Paradis sold 3,000 shares of the business's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $182.03, for a total transaction of $546,090.00. Following the completion of the transaction, the director directly owned 260,000 shares in the company, valued at $47,327,800. This represents a 1.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 68,696 shares of company stock valued at $10,476,922 in the last ninety days. Insiders own 49.49% of the company's stock.

Sezzle Stock Down 4.4%

NASDAQ:SEZL traded down $4.12 during trading hours on Tuesday, hitting $90.48. The company's stock had a trading volume of 846,209 shares, compared to its average volume of 1,319,942. Sezzle Inc. has a 52-week low of $20.74 and a 52-week high of $186.74. The company has a current ratio of 3.51, a quick ratio of 3.51 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $3.08 billion, a P/E ratio of 32.53 and a beta of 9.02. The stock has a fifty day moving average of $130.74 and a 200-day moving average of $90.64.

Sezzle (NASDAQ:SEZL - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.11. The business had revenue of $60.31 million during the quarter, compared to analysts' expectations of $93.33 million. Sezzle had a return on equity of 102.90% and a net margin of 28.13%. On average, equities analysts forecast that Sezzle Inc. will post 9.77 earnings per share for the current year.

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.