KLP Kapitalforvaltning AS Purchases 2,500 Shares of Sezzle Inc. (NASDAQ:SEZL)

Key Points

• KLP Kapitalforvaltning AS substantially increased its stake in Sezzle Inc. by 500% in Q1, now owning 3,000 shares worth $105,000.
• Several hedge funds have recently acquired new positions in Sezzle, with Teacher Retirement System of Texas increasing its stake by a remarkable 4,731.8% in the same quarter.
• Analysts have set new price targets for Sezzle, with Oppenheimer raising it from $168.00 to $202.00 while maintaining an "outperform" rating.

KLP Kapitalforvaltning AS raised its stake in Sezzle Inc. (NASDAQ:SEZL - Free Report) by 500.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,000 shares of the company's stock after purchasing an additional 2,500 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Sezzle were worth $105,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SEZL. G2 Investment Partners Management LLC grew its stake in Sezzle by 275.9% in the fourth quarter. G2 Investment Partners Management LLC now owns 102,192 shares of the company's stock worth $26,141,000 after purchasing an additional 75,007 shares during the period. Marshall Wace LLP grew its stake in Sezzle by 792.3% in the fourth quarter. Marshall Wace LLP now owns 79,983 shares of the company's stock worth $20,460,000 after purchasing an additional 71,019 shares during the period. Teacher Retirement System of Texas grew its stake in Sezzle by 4,731.8% in the first quarter. Teacher Retirement System of Texas now owns 39,186 shares of the company's stock worth $1,367,000 after purchasing an additional 38,375 shares during the period. Hussman Strategic Advisors Inc. purchased a new stake in shares of Sezzle in the first quarter worth $1,319,000. Finally, Bank of New York Mellon Corp grew its stake in shares of Sezzle by 518.0% in the first quarter. Bank of New York Mellon Corp now owns 38,960 shares of the company's stock worth $1,359,000 after acquiring an additional 32,656 shares during the last quarter. Institutional investors own 2.02% of the company's stock.

Insider Activity

In other news, Director Paul Paradis sold 50,000 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $90.53, for a total transaction of $4,526,500.00. Following the transaction, the director directly owned 528,382 shares of the company's stock, valued at $47,834,422.46. This represents a 8.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Karen Hartje sold 311,196 shares of the company's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $71.83, for a total value of $22,353,208.68. Following the transaction, the chief financial officer directly owned 154,266 shares in the company, valued at approximately $11,080,926.78. The trade was a 66.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 504,092 shares of company stock valued at $43,975,326 over the last ninety days. 49.49% of the stock is currently owned by corporate insiders.

Sezzle Stock Performance

Shares of NASDAQ:SEZL traded down $6.59 during midday trading on Tuesday, reaching $150.40. 650,033 shares of the company's stock traded hands, compared to its average volume of 1,006,551. The company has a market cap of $5.01 billion, a price-to-earnings ratio of 50.88 and a beta of 9.09. 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 one year low of $11.83 and a one year high of $186.74. The stock has a 50 day moving average of $143.56 and a 200 day moving average of $82.59.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Wall Street Zen cut Sezzle from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Oppenheimer increased their target price on Sezzle from $168.00 to $202.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd.

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.