Sezzle Inc. (NASDAQ:SEZL) Shares Purchased 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 grew its stake in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) by 584.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,106 shares of the company's stock after acquiring an additional 42,786 shares during the quarter. Independent Advisor Alliance owned about 0.15% of Sezzle worth $1,748,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SEZL. Vanguard Group Inc. increased its holdings in shares of Sezzle by 497.6% during the first quarter. Vanguard Group Inc. now owns 1,013,698 shares of the company's stock valued at $35,368,000 after acquiring an additional 844,084 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Sezzle by 483.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 120,661 shares of the company's stock valued at $4,210,000 after acquiring an additional 99,964 shares in the last quarter. G2 Investment Partners Management LLC increased its holdings in shares of Sezzle by 275.9% during the fourth quarter. G2 Investment Partners Management LLC now owns 102,192 shares of the company's stock valued at $26,141,000 after acquiring an additional 75,007 shares in the last quarter. Marshall Wace LLP increased its holdings in Sezzle by 792.3% in the 4th quarter. Marshall Wace LLP now owns 79,983 shares of the company's stock worth $20,460,000 after buying an additional 71,019 shares during the period. Finally, Nuveen LLC acquired a new position in Sezzle in the 1st quarter worth approximately $1,384,000. Institutional investors and hedge funds own 2.02% of the company's stock.

Insiders Place Their Bets

In other Sezzle news, CFO Karen Hartje sold 5,484 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $168.02, for a total value of $921,421.68. Following the sale, the chief financial officer owned 126,846 shares in the company, valued at approximately $21,312,664.92. This represents a 4.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Paul Paradis sold 3,000 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $147.19, for a total value of $441,570.00. Following the transaction, the director owned 251,000 shares in the company, valued at $36,944,690. This trade represents a 1.18% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,696 shares of company stock worth $11,552,835. Corporate insiders own 49.49% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on SEZL. B. Riley increased their price target on shares of Sezzle from $101.00 to $111.00 and gave the stock a "buy" rating in a report on Monday. Oppenheimer increased their price target on shares of Sezzle from $168.00 to $202.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Finally, Wall Street Zen downgraded shares of Sezzle from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd.

Sezzle Trading Up 2.1%

Sezzle stock opened at $89.14 on Wednesday. The company has a current ratio of 3.51, a quick ratio of 2.62 and a debt-to-equity ratio of 1.00. Sezzle Inc. has a 12 month low of $19.43 and a 12 month high of $186.74. The stock's 50 day simple moving average is $144.33 and its two-hundred day simple moving average is $85.55. The firm has a market cap of $3.03 billion, a PE ratio of 30.54 and a beta of 9.09.

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

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.

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