Navellier & Associates Inc. Raises Stock Holdings in Sezzle Inc. (NASDAQ:SEZL)

Key Points

• Navellier & Associates Inc. increased its stake in Sezzle Inc. by 381.4%, owning approximately 41,725 shares valued at $1.46 million after purchasing an additional 33,058 shares in the 1st quarter.
• Several institutional investors have also significantly increased their holdings in Sezzle, with CWM LLC growing its stake by 49,400% and owning 990 shares worth $35,000.
• Sezzle's stock performance highlights a market cap of $4.96 billion and a significant price fluctuation range between a 52-week low of $11.67 and a high of $186.74.

Navellier & Associates Inc. lifted its position in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) by 381.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,725 shares of the company's stock after purchasing an additional 33,058 shares during the quarter. Navellier & Associates Inc. owned 0.12% of Sezzle worth $1,456,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. G2 Investment Partners Management LLC grew its stake in Sezzle by 275.9% in the 4th 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 during the period. Marshall Wace LLP grew its stake in Sezzle by 792.3% in the 4th quarter. Marshall Wace LLP now owns 79,983 shares of the company's stock valued at $20,460,000 after acquiring an additional 71,019 shares during the period. Teacher Retirement System of Texas grew its stake in Sezzle by 4,731.8% in the 1st quarter. Teacher Retirement System of Texas now owns 39,186 shares of the company's stock valued at $1,367,000 after acquiring an additional 38,375 shares during the period. Hussman Strategic Advisors Inc. acquired a new stake in Sezzle during the 1st quarter worth $1,319,000. Finally, Bank of New York Mellon Corp boosted its stake in Sezzle by 518.0% during the 1st quarter. Bank of New York Mellon Corp now owns 38,960 shares of the company's stock worth $1,359,000 after purchasing an additional 32,656 shares during the last quarter. Institutional investors and hedge funds own 2.02% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Oppenheimer lifted their target price on shares of Sezzle from $168.00 to $202.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Wall Street Zen cut shares of Sezzle from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd.

Insider Transactions at Sezzle

In other news, Director Paul Paradis sold 50,000 shares of Sezzle 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 owned 528,382 shares in the company, valued at $47,834,422.46. The trade was a 8.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Karen Hartje sold 311,196 shares of Sezzle stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $71.83, for a total value of $22,353,208.68. Following the transaction, the chief financial officer owned 154,266 shares in the company, valued at approximately $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 a total of 501,092 shares of company stock worth $43,533,756 in the last quarter. Company insiders own 49.49% of the company's stock.

Sezzle Trading Up 4.4%

Shares of NASDAQ SEZL traded up $6.33 during trading on Wednesday, hitting $148.74. 211,985 shares of the company were exchanged, compared to its average volume of 1,008,042. Sezzle Inc. has a 12-month low of $11.67 and a 12-month high of $186.74. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.62 and a current ratio of 2.62. The company has a fifty day moving average price of $139.65 and a 200-day moving average price of $79.20. The firm has a market capitalization of $4.95 billion, a PE ratio of 50.25 and a beta of 9.16.

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.