Sezzle Inc. $SEZL Stake Boosted by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. significantly increased its holdings in Sezzle Inc. (162.1%) in the first quarter, acquiring an additional 20,173 shares, representing approximately $1.14 million in value.
• Multiple hedge funds have also boosted their investments in Sezzle, with Vanguard Group Inc. raising its stake by 497.6% and owning over $35 million worth of shares.
• Sezzle stock is up 3.4% and has exhibited notable volatility, with a fifty-two week range of $20.74 to $186.74 and a current market cap of $3.26 billion.

Russell Investments Group Ltd. grew its position in Sezzle Inc. (NASDAQ:SEZL - Free Report) by 162.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,620 shares of the company's stock after buying an additional 20,173 shares during the quarter. Russell Investments Group Ltd. owned 0.10% of Sezzle worth $1,138,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Independent Advisor Alliance lifted its holdings in shares of Sezzle by 584.5% in the 1st quarter. Independent Advisor Alliance now owns 50,106 shares of the company's stock worth $1,748,000 after buying an additional 42,786 shares during the period. Nuveen LLC purchased a new stake in shares of Sezzle in the 1st quarter worth $1,384,000. Invesco Ltd. lifted its holdings in shares of Sezzle by 471.1% in the 1st quarter. Invesco Ltd. now owns 7,133 shares of the company's stock worth $249,000 after buying an additional 5,884 shares during the period. Sierra Summit Advisors LLC purchased a new stake in shares of Sezzle in the 1st quarter worth $587,000. Finally, Swiss National Bank lifted its holdings in shares of Sezzle by 489.1% in the 1st quarter. Swiss National Bank now owns 32,400 shares of the company's stock worth $1,130,000 after buying an additional 26,900 shares during the period. 2.02% of the stock is currently owned by hedge funds and other institutional investors.

Sezzle Price Performance

SEZL traded down $2.44 during trading on Wednesday, hitting $88.04. The company's stock had a trading volume of 686,756 shares, compared to its average volume of 1,319,942. The company has a current ratio of 3.51, a quick ratio of 3.51 and a debt-to-equity ratio of 1.00. Sezzle Inc. has a twelve month low of $21.04 and a twelve month high of $186.74. The business's fifty day simple moving average is $129.40 and its 200 day simple moving average is $90.63. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 30.17 and a beta of 9.02.

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Sezzle

In other Sezzle news, CFO Karen Hartje sold 5,484 shares of the firm'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 directly owned 126,846 shares of the company's stock, valued at $21,312,664.92. This trade represents a 4.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Amin Sabzivand sold 6,028 shares of Sezzle stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $164.23, for a total value of $989,978.44. Following the sale, the chief operating officer directly owned 243,303 shares in the company, valued at approximately $39,957,651.69. The trade was a 2.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 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 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.