Sierra Summit Advisors LLC Buys New Holdings in Sezzle Inc. (NASDAQ:SEZL)

Key Points

• Sierra Summit Advisors LLC has acquired a stake in Sezzle Inc., purchasing 16,830 shares valued at approximately $587,000 during the first quarter of 2023.
• Sezzle's stock has recently declined 34.3%, with its current trading price at $91.51, despite a solid earnings report surpassing consensus estimates.
• Insiders have sold a total of 165,896 shares of Sezzle valued at nearly $19.5 million in the last three months, with significant sales by the COO and a board director.

Sierra Summit Advisors LLC purchased a new stake in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 16,830 shares of the company's stock, valued at approximately $587,000.

A number of other institutional investors and hedge funds have also modified their holdings of SEZL. CWM LLC boosted its stake in shares of Sezzle by 49,400.0% during the 1st 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. Federated Hermes Inc. boosted its stake in shares of Sezzle by 3,575.0% during the 4th quarter. Federated Hermes Inc. now owns 147 shares of the company's stock worth $38,000 after acquiring an additional 143 shares in the last quarter. US Bancorp DE boosted its stake in shares of Sezzle by 465.6% during the 1st 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. boosted its stake in shares of Sezzle by 1,852.5% during the 1st 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. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Sezzle by 94.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 407 shares of the company's stock worth $104,000 after acquiring an additional 198 shares in the last quarter. Hedge funds and other institutional investors own 2.02% of the company's stock.

Insiders Place Their Bets

In other Sezzle news, Director Paul Paradis sold 3,000 shares of Sezzle stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $88.21, for a total value of $264,630.00. Following the sale, the director owned 245,000 shares of the company's stock, valued at $21,611,450. This trade represents a 1.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Amin Sabzivand sold 6,028 shares of Sezzle stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $164.23, for a total value of $989,978.44. Following the completion of the sale, the chief operating officer directly owned 243,303 shares in the company, valued at $39,957,651.69. This represents a 2.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold 80,696 shares of company stock worth $11,817,465 over the last ninety days. 49.49% of the stock is currently owned by corporate insiders.

Sezzle Trading Up 0.4%

SEZL traded up $0.33 during mid-day trading on Thursday, reaching $92.50. The stock had a trading volume of 714,698 shares, compared to its average volume of 1,060,087. Sezzle Inc. has a 52 week low of $19.67 and a 52 week high of $186.74. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.62 and a current ratio of 3.51. The stock has a market capitalization of $3.15 billion, a P/E ratio of 31.67 and a beta of 9.09. The firm's fifty day simple moving average is $143.78 and its two-hundred day simple moving average is $85.60.

Sezzle (NASDAQ:SEZL - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.11. The firm had revenue of $60.31 million during the quarter, compared to analysts' expectations of $93.33 million. Sezzle had a net margin of 28.13% and a return on equity of 102.90%. On average, equities analysts predict that Sezzle Inc. will post 9.77 EPS for the current year.

Analysts Set New Price Targets

SEZL has been the subject of several recent research reports. Oppenheimer upped their price target on Sezzle from $168.00 to $202.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Wall Street Zen cut Sezzle from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, B. Riley increased their target price on Sezzle from $101.00 to $111.00 and gave the stock a "buy" rating in a report on Monday.

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.