Rhumbline Advisers Raises Stock Holdings in Sezzle Inc. (NASDAQ:SEZL)

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

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its position in Sezzle by 28.0% during the fourth quarter. Bank of New York Mellon Corp now owns 6,304 shares of the company's stock worth $1,613,000 after purchasing an additional 1,378 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Sezzle during the 4th quarter worth $311,000. Swiss National Bank acquired a new stake in shares of Sezzle during the 4th quarter worth $1,407,000. JPMorgan Chase & Co. raised its position in shares of Sezzle by 16.8% in the 4th quarter. JPMorgan Chase & Co. now owns 4,647 shares of the company's stock worth $1,189,000 after buying an additional 668 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in Sezzle by 15.5% in the fourth quarter. Ameriprise Financial Inc. now owns 2,002 shares of the company's stock valued at $512,000 after acquiring an additional 268 shares during the last quarter. 2.02% of the stock is currently owned by institutional investors and hedge funds.

Sezzle Stock Down 3.3%

Shares of NASDAQ:SEZL traded down $5.33 during midday trading on Wednesday, hitting $154.79. 957,207 shares of the company's stock traded hands, compared to its average volume of 830,958. The firm's fifty day moving average price is $94.52 and its two-hundred day moving average price is $60.48. 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 twelve month low of $11.67 and a twelve month high of $165.04. The company has a market cap of $5.15 billion, a PE ratio of 52.29 and a beta of 9.06.

Sezzle declared that its Board of Directors has approved a share repurchase program on Monday, March 10th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 4.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SEZL shares. Oppenheimer assumed coverage on Sezzle in a research report on Thursday, June 12th. They set an "outperform" rating and a $168.00 price target for the company. B. Riley reiterated a "buy" rating and set a $62.83 target price (up previously from $62.00) on shares of Sezzle in a report on Wednesday, February 26th. Finally, Wall Street Zen lowered shares of Sezzle from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $96.94.

Insider Buying and Selling at Sezzle

In other Sezzle news, Director Paul Paradis sold 18,000 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $75.00, for a total value of $1,350,000.00. Following the completion of the sale, the director now owns 315,000 shares of the company's stock, valued at $23,625,000. This trade represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Karen Hartje sold 311,196 shares of Sezzle stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $71.83, for a total transaction of $22,353,208.68. Following the sale, the chief financial officer now owns 154,266 shares in the company, valued at $11,080,926.78. This represents a 66.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 447,608 shares of company stock valued at $34,902,126 over the last three months. 49.49% of the stock is owned by company insiders.

Sezzle 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.