Deutsche Bank AG Acquires 9,797 Shares of Sezzle Inc. $SEZL

Key Points

• Deutsche Bank AG significantly increased its stake in Sezzle Inc. by 469% during the first quarter, holding 11,886 shares valued at $415,000 by the end of the reporting period.
• Several hedge funds, including CWM LLC and US Bancorp DE, also made substantial increases in their positions in Sezzle, reflecting a growing institutional interest in the company.
• Wall Street analysts have mixed views on Sezzle's stock, with B. Riley raising its price target to $111.00, while others like Oppenheimer upgraded their price objective to $202.00, leading to a consensus "Buy" rating.

Deutsche Bank AG lifted its holdings in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) by 469.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,886 shares of the company's stock after purchasing an additional 9,797 shares during the period. Deutsche Bank AG's holdings in Sezzle were worth $415,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Sezzle by 497.6% during the 1st quarter. Vanguard Group Inc. now owns 1,013,698 shares of the company's stock valued at $35,368,000 after buying an additional 844,084 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Sezzle by 483.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 120,661 shares of the company's stock valued at $4,210,000 after buying an additional 99,964 shares in the last quarter. G2 Investment Partners Management LLC grew its holdings in Sezzle by 275.9% during the 4th quarter. G2 Investment Partners Management LLC now owns 102,192 shares of the company's stock valued at $26,141,000 after buying an additional 75,007 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in Sezzle by 4,731.8% during the 1st quarter. Teacher Retirement System of Texas now owns 39,186 shares of the company's stock valued at $1,367,000 after buying an additional 38,375 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. purchased a new position in Sezzle during the 1st quarter valued at about $1,319,000. 2.02% of the stock is currently owned by institutional investors.

Sezzle Price Performance

SEZL traded down $4.12 during midday trading on Tuesday, hitting $90.48. The stock had a trading volume of 846,209 shares, compared to its average volume of 1,319,942. The company has a market cap of $3.08 billion, a P/E ratio of 31.00 and a beta of 9.02. The business has a fifty day moving average of $130.74 and a 200 day moving average of $90.64. The company has a debt-to-equity ratio of 1.00, a quick ratio of 3.51 and a current ratio of 3.51. Sezzle Inc. has a 1 year low of $20.74 and a 1 year high of $186.74.

Sezzle (NASDAQ:SEZL - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.11. The business had revenue of $60.31 million during the quarter, compared to analyst estimates of $93.33 million. Sezzle had a return on equity of 102.90% and a net margin of 28.13%. As a group, equities analysts forecast that Sezzle Inc. will post 9.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Sezzle

In other Sezzle news, 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 value of $921,421.68. Following the completion of the sale, the chief financial officer owned 126,846 shares in the company, valued at approximately $21,312,664.92. The trade was a 4.14% 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 business's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $91.62, for a total value of $274,860.00. Following the completion of the sale, the director owned 242,000 shares of the company's stock, valued at $22,172,040. The trade was a 1.22% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 68,696 shares of company stock worth $10,476,922. 49.49% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Wall Street Zen lowered Sezzle from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. B. Riley boosted their price objective on Sezzle from $101.00 to $111.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Finally, Oppenheimer boosted 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. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target 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.