Cinctive Capital Management LP Has $527,000 Stake in Sezzle Inc. $SEZL

Key Points

• Cinctive Capital Management LP significantly increased its stake in Sezzle Inc. by 376.5% during the first quarter, acquiring a total of 15,110 shares valued at $527,000.
• Sezzle's COO, Amin Sabzivand, sold 6,028 shares for approximately $990,000, marking a 2.42% decrease in his ownership.
• Analyst ratings show a consensus of "Buy" for Sezzle, with B. Riley and Oppenheimer raising their price targets to $111.00 and $202.00 respectively.

Cinctive Capital Management LP increased its position in Sezzle Inc. (NASDAQ:SEZL - Free Report) by 376.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,110 shares of the company's stock after buying an additional 11,939 shares during the quarter. Cinctive Capital Management LP's holdings in Sezzle were worth $527,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SEZL. CWM LLC grew its holdings in Sezzle by 49,400.0% during the first quarter. CWM LLC now owns 990 shares of the company's stock worth $35,000 after acquiring an additional 988 shares during the period. US Bancorp DE grew its stake in shares of Sezzle by 465.6% in the 1st quarter. US Bancorp DE now owns 1,578 shares of the company's stock worth $55,000 after purchasing an additional 1,299 shares during the last quarter. Meeder Asset Management Inc. grew its stake in shares of Sezzle by 1,852.5% in the 1st quarter. Meeder Asset Management Inc. now owns 2,382 shares of the company's stock worth $83,000 after purchasing an additional 2,260 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Sezzle by 94.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 407 shares of the company's stock worth $104,000 after purchasing an additional 198 shares in the last quarter. Finally, KLP Kapitalforvaltning AS lifted its stake in Sezzle by 500.0% during the first quarter. KLP Kapitalforvaltning AS now owns 3,000 shares of the company's stock valued at $105,000 after purchasing an additional 2,500 shares during the last quarter. Institutional investors own 2.02% of the company's stock.

Sezzle Stock Down 3.8%

SEZL traded down $3.50 on Wednesday, reaching $89.25. 886,448 shares of the company traded hands, compared to its average volume of 1,043,927. Sezzle Inc. has a 52-week low of $21.58 and a 52-week high of $186.74. The company has a debt-to-equity ratio of 1.00, a current ratio of 3.51 and a quick ratio of 3.51. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 30.58 and a beta of 9.04. The stock's 50 day moving average price is $122.90 and its 200-day moving average price is $91.83.

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

Insiders Place Their Bets

In related news, COO Amin Sabzivand sold 18,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $157.31, for a total transaction of $2,831,580.00. Following the transaction, the chief operating officer owned 243,303 shares of the company's stock, valued at approximately $38,273,994.93. This trade represents a 6.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Karen Hartje sold 5,484 shares of the business'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 transaction of $921,421.68. Following the completion of the sale, the chief financial officer directly owned 126,846 shares of the company's stock, valued at $21,312,664.92. This represents a 4.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 67,012 shares of company stock valued at $10,266,978 in the last three months. Insiders own 49.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SEZL. Oppenheimer lifted their price target on shares of Sezzle from $168.00 to $202.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. B. Riley lifted their target price on Sezzle from $101.00 to $111.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Finally, Wall Street Zen downgraded Sezzle from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $124.33.

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.