Rhumbline Advisers Raises Position in Sezzle Inc. $SEZL

Key Points

• Rhumbline Advisers has significantly increased its holdings in Sezzle Inc. by 649.1%, now owning approximately 19,146 shares worth $668,000.
• Insider transactions indicate a decrease in ownership as COO and CFO sold shares, with insiders collectively selling 41,484 shares totaling $6,335,250 over the last three months.
• Analysts' ratings are mixed, with Wall Street Zen downgrading Sezzle to a "hold" while B. Riley raised their price target to $111.00, reflecting ongoing investor interest.

Rhumbline Advisers grew its holdings in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) by 649.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,146 shares of the company's stock after purchasing an additional 16,590 shares during the period. Rhumbline Advisers owned approximately 0.06% of Sezzle worth $668,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SEZL. Ameriprise Financial Inc. raised its stake in Sezzle by 15.5% in the 4th quarter. Ameriprise Financial Inc. now owns 2,002 shares of the company's stock worth $512,000 after acquiring an additional 268 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in Sezzle in the 4th quarter worth $136,000. Bank of America Corp DE raised its stake in Sezzle by 32.6% in the 4th quarter. Bank of America Corp DE now owns 2,377 shares of the company's stock worth $608,000 after acquiring an additional 585 shares during the last quarter. Cetera Investment Advisers purchased a new position in Sezzle in the 4th quarter worth $403,000. Finally, Deutsche Bank AG raised its stake in Sezzle by 53.3% in the 4th quarter. Deutsche Bank AG now owns 2,089 shares of the company's stock worth $534,000 after acquiring an additional 726 shares during the last quarter. Hedge funds and other institutional investors own 2.02% of the company's stock.

Insiders Place Their Bets

In other Sezzle news, COO Amin Sabzivand sold 6,028 shares of the firm's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $164.23, for a total transaction of $989,978.44. Following the completion of the transaction, the chief operating officer directly owned 243,303 shares of the company's stock, valued at $39,957,651.69. This trade represents a 2.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Karen Hartje sold 5,484 shares of the firm's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $168.02, for a total transaction of $921,421.68. Following the transaction, the chief financial officer directly owned 126,846 shares of the company's stock, valued at approximately $21,312,664.92. This represents a 4.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,484 shares of company stock worth $6,335,250 over the last three months. 49.49% of the stock is owned by insiders.

Analyst Ratings Changes

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. B. Riley lifted their price objective on Sezzle from $101.00 to $111.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Cowen started coverage on Sezzle in a research note on Thursday, September 11th. They set a "hold" rating for the company. TD Cowen started coverage on Sezzle in a research note on Thursday, September 11th. They set a "hold" rating and a $82.00 price objective for the company. Finally, Oppenheimer raised their target price on Sezzle from $168.00 to $202.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $113.75.

Sezzle Stock Performance

NASDAQ SEZL opened at $91.98 on Tuesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 3.51 and a quick ratio of 3.51. Sezzle Inc. has a 1 year low of $23.82 and a 1 year high of $186.74. The company has a market capitalization of $3.13 billion, a PE ratio of 31.52 and a beta of 9.04. The company has a fifty day moving average of $109.73 and a two-hundred day moving average of $94.94.

Sezzle (NASDAQ:SEZL - Get Free Report) last posted its quarterly earnings results 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. Sezzle had a net margin of 28.13% and a return on equity of 102.90%. The firm had revenue of $60.31 million during the quarter, compared to analysts' expectations of $93.33 million. As a group, analysts expect that Sezzle Inc. will post 9.77 earnings per share for the current year.

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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