Nuveen Asset Management LLC Reduces Stock Position in Sezzle Inc. (NASDAQ:SEZL)

Nuveen Asset Management LLC lessened its stake in Sezzle Inc. (NASDAQ:SEZL - Free Report) by 20.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,510 shares of the company's stock after selling 3,543 shares during the quarter. Nuveen Asset Management LLC owned about 0.24% of Sezzle worth $3,456,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Sezzle by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 169,614 shares of the company's stock worth $43,387,000 after buying an additional 3,853 shares in the last quarter. G2 Investment Partners Management LLC grew its position in Sezzle by 275.9% in 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 during the last quarter. Marshall Wace LLP raised its stake in Sezzle by 792.3% during the fourth quarter. Marshall Wace LLP now owns 79,983 shares of the company's stock worth $20,460,000 after acquiring an additional 71,019 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Sezzle by 172.7% in the fourth quarter. Millennium Management LLC now owns 27,398 shares of the company's stock worth $7,008,000 after acquiring an additional 17,351 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its holdings in shares of Sezzle by 912.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 21,097 shares of the company's stock worth $5,397,000 after acquiring an additional 19,014 shares during the last quarter. Institutional investors own 2.02% of the company's stock.

Insider Transactions at Sezzle

In other news, COO Amin Sabzivand sold 2,146 shares of Sezzle stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $106.79, for a total transaction of $229,171.34. Following the transaction, the chief operating officer now owns 253,928 shares in the company, valued at approximately $27,116,971.12. The trade was a 0.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $1,350,000.00. Following the sale, the director now directly owns 315,000 shares of the company's stock, valued at $23,625,000. This represents a 5.41% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 441,396 shares of company stock worth $34,037,893. Insiders own 49.49% of the company's stock.

Sezzle Price Performance

SEZL traded up $4.68 on Wednesday, reaching $118.74. The stock had a trading volume of 570,300 shares, compared to its average volume of 798,011. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 12.63 and a beta of 8.41. Sezzle Inc. has a fifty-two week low of $11.50 and a fifty-two week high of $119.43. The firm has a 50-day moving average of $63.83 and a 200-day moving average of $53.25.

Sezzle declared that its board has initiated a share repurchase plan on Monday, March 10th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to buy up to 4.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. B. Riley reaffirmed a "buy" rating and set a $62.83 price target (up from $62.00) on shares of Sezzle in a report on Wednesday, February 26th. Wall Street Zen lowered shares of Sezzle from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd.

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.