Sezzle Inc. $SEZL Shares Bought by Invesco Ltd.

Key Points

• Invesco Ltd. significantly increased its stake in Sezzle Inc. by 471.1% during the first quarter, resulting in the ownership of 7,133 shares worth approximately $249,000.
• Multiple institutional investors, including CWM LLC and US Bancorp DE, have also raised their holdings in Sezzle by substantial percentages, indicating growing interest in the company.
• Sezzle's stock price has fluctuated, with a 1-year low of $21.04 and a high of $186.74, and the company recently reported earnings that exceeded analysts' expectations.

Invesco Ltd. boosted its stake in Sezzle Inc. (NASDAQ:SEZL - Free Report) by 471.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,133 shares of the company's stock after buying an additional 5,884 shares during the quarter. Invesco Ltd.'s holdings in Sezzle were worth $249,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC raised its holdings in shares of 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 in the last quarter. US Bancorp DE raised its holdings in shares of Sezzle by 465.6% during the first quarter. US Bancorp DE now owns 1,578 shares of the company's stock worth $55,000 after acquiring an additional 1,299 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in shares of Sezzle by 1,852.5% during the first quarter. Meeder Asset Management Inc. now owns 2,382 shares of the company's stock worth $83,000 after acquiring an additional 2,260 shares in the last quarter. KLP Kapitalforvaltning AS raised its holdings in shares of Sezzle by 500.0% during the first quarter. KLP Kapitalforvaltning AS now owns 3,000 shares of the company's stock worth $105,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Sezzle during the first quarter worth $131,000. Hedge funds and other institutional investors own 2.02% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Activity at Sezzle

In other news, COO Amin Sabzivand sold 18,000 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $157.31, for a total value of $2,831,580.00. Following the sale, the chief operating officer directly 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 document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul Paradis sold 3,000 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $135.34, for a total value of $406,020.00. Following the completion of the sale, the director directly owned 254,000 shares in the company, valued at approximately $34,376,360. This represents a 1.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,012 shares of company stock worth $10,266,978. 49.49% of the stock is owned by insiders.

Sezzle Stock Up 1.1%

Sezzle stock opened at $85.85 on Monday. The company has a market capitalization of $2.92 billion, a P/E ratio of 29.42 and a beta of 9.04. The firm's fifty day simple moving average is $126.23 and its 200-day simple moving average is $91.54. The company has a current ratio of 3.51, a quick ratio of 3.51 and a debt-to-equity ratio of 1.00. Sezzle Inc. has a 1-year low of $21.04 and a 1-year high of $186.74.

Sezzle (NASDAQ:SEZL - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $93.33 million. Sell-side analysts forecast that Sezzle Inc. will post 9.77 earnings per share for the current fiscal 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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