Prosperity Wealth Management Inc. Raises Holdings in Sezzle Inc. (NASDAQ:SEZL)

Prosperity Wealth Management Inc. grew its stake in Sezzle Inc. (NASDAQ:SEZL - Free Report) by 555.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,440 shares of the company's stock after purchasing an additional 6,305 shares during the period. Prosperity Wealth Management Inc.'s holdings in Sezzle were worth $260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Plato Investment Management Ltd purchased a new position in Sezzle in the fourth quarter worth approximately $30,000. Meeder Asset Management Inc. purchased a new position in Sezzle in the fourth quarter worth approximately $31,000. Federated Hermes Inc. grew its position in Sezzle by 3,575.0% in the fourth quarter. Federated Hermes Inc. now owns 147 shares of the company's stock worth $38,000 after acquiring an additional 143 shares during the period. Principal Securities Inc. purchased a new position in Sezzle in the fourth quarter worth approximately $84,000. Finally, Tower Research Capital LLC TRC grew its position in Sezzle by 94.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 407 shares of the company's stock worth $104,000 after acquiring an additional 198 shares during the period. 2.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Sezzle

In other news, Director Paul Paradis sold 3,000 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $146.00, for a total value of $438,000.00. Following the sale, the director now directly owns 269,000 shares in the company, valued at approximately $39,274,000. This trade represents a 1.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the chief financial officer now owns 154,266 shares in the company, valued at approximately $11,080,926.78. This represents a 66.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 447,608 shares of company stock worth $34,902,126 over the last ninety days. Company insiders own 49.49% of the company's stock.

Sezzle Trading Up 2.8%

Shares of SEZL traded up $4.01 during midday trading on Friday, hitting $147.04. 793,857 shares of the stock were exchanged, compared to its average volume of 827,778. Sezzle Inc. has a 52-week low of $11.67 and a 52-week high of $152.10. The stock has a fifty day simple moving average of $87.89 and a 200 day simple moving average of $58.65. The firm has a market cap of $4.89 billion, a P/E ratio of 55.44 and a beta of 9.06. 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 announced that its board has authorized a share buyback plan on Monday, March 10th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. B. Riley reiterated a "buy" rating and issued a $62.83 price objective (up from $62.00) on shares of Sezzle in a research report on Wednesday, February 26th. Wall Street Zen lowered Sezzle from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, Oppenheimer initiated coverage on Sezzle in a research report on Thursday, June 12th. They issued an "outperform" rating and a $168.00 price objective for the company. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $96.94.

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.