Sezzle Inc. (NASDAQ:SEZL) Stock Holdings Increased by Independent Advisor Alliance

Key Points

• Independent Advisor Alliance significantly increased its stake in Sezzle Inc. by 584.5% during the first quarter, resulting in ownership of 50,106 shares valued at approximately $1.75 million.
• Other hedge funds, including Vanguard Group and Charles Schwab Investment Management, also raised their holdings in Sezzle by 497.6% and 483.0% respectively.
• Sezzle recently experienced a stock price increase of 2.1% and has a current market capitalization of $3.03 billion after reporting an earnings per share of $0.69 for the latest quarter.

Independent Advisor Alliance increased its holdings in Sezzle Inc. (NASDAQ:SEZL - Free Report) by 584.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 50,106 shares of the company's stock after buying an additional 42,786 shares during the period. Independent Advisor Alliance owned about 0.15% of Sezzle worth $1,748,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC boosted its holdings in shares of Sezzle by 49,400.0% in the 1st quarter. CWM LLC now owns 990 shares of the company's stock valued at $35,000 after buying an additional 988 shares during the period. Federated Hermes Inc. grew its position in Sezzle by 3,575.0% in the 4th quarter. Federated Hermes Inc. now owns 147 shares of the company's stock worth $38,000 after purchasing an additional 143 shares during the last quarter. US Bancorp DE increased its stake in shares of Sezzle by 465.6% in the first quarter. US Bancorp DE now owns 1,578 shares of the company's stock valued at $55,000 after purchasing an additional 1,299 shares during the period. Meeder Asset Management Inc. increased its stake in shares of Sezzle by 1,852.5% in the first quarter. Meeder Asset Management Inc. now owns 2,382 shares of the company's stock valued at $83,000 after purchasing an additional 2,260 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of Sezzle by 94.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 407 shares of the company's stock valued at $104,000 after purchasing an additional 198 shares during the period. 2.02% of the stock is owned by institutional investors and hedge funds.

Sezzle Price Performance

Shares of SEZL stock traded up $0.40 during midday trading on Friday, reaching $91.87. 903,756 shares of the company were exchanged, compared to its average volume of 1,296,339. Sezzle Inc. has a 12 month low of $19.89 and a 12 month high of $186.74. The company has a market cap of $3.13 billion, a P/E ratio of 31.48 and a beta of 9.09. The company's 50 day moving average price is $142.33 and its two-hundred day moving average price is $86.65. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.62 and a current ratio of 3.51.

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

Insiders Place Their Bets

In other Sezzle news, Director Paul Paradis sold 3,000 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $88.21, for a total transaction of $264,630.00. Following the sale, the director directly owned 245,000 shares in the company, valued at approximately $21,611,450. The trade was a 1.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Amin Sabzivand sold 6,028 shares of the business's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $164.23, for a total transaction of $989,978.44. Following the sale, the chief operating officer owned 243,303 shares in the company, valued at $39,957,651.69. This trade represents a 2.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 80,696 shares of company stock worth $11,817,465. 49.49% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Wall Street Zen lowered shares of Sezzle from a "buy" rating to a "hold" rating in a research note on Saturday. B. Riley raised 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. Finally, Oppenheimer raised their price target on shares of Sezzle from $168.00 to $202.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd.

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.