Sierra Summit Advisors LLC Purchases Shares of 16,830 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 acquired a new position in Sezzle Inc. (NASDAQ:SEZL - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,830 shares of the company's stock, valued at approximately $587,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SEZL. Vanguard Group Inc. lifted its stake in Sezzle by 497.6% in the first quarter. Vanguard Group Inc. now owns 1,013,698 shares of the company's stock worth $35,368,000 after acquiring an additional 844,084 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Sezzle by 483.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 120,661 shares of the company's stock worth $4,210,000 after purchasing an additional 99,964 shares during the last quarter. G2 Investment Partners Management LLC raised its position in shares of Sezzle by 275.9% in the 4th quarter. G2 Investment Partners Management LLC now owns 102,192 shares of the company's stock worth $26,141,000 after purchasing an additional 75,007 shares during the last quarter. Marshall Wace LLP raised its position in shares of Sezzle by 792.3% in the 4th quarter. Marshall Wace LLP now owns 79,983 shares of the company's stock worth $20,460,000 after purchasing an additional 71,019 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in Sezzle by 4,731.8% in the 1st quarter. Teacher Retirement System of Texas now owns 39,186 shares of the company's stock worth $1,367,000 after buying an additional 38,375 shares in the last quarter. 2.02% of the stock is currently owned by institutional investors.

Sezzle Trading Up 2.1%

Shares of NASDAQ SEZL traded up $1.83 during trading hours on Tuesday, hitting $89.14. 1,712,500 shares of the company traded hands, compared to its average volume of 1,222,808. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 30.54 and a beta of 9.09. The company has a current ratio of 3.51, a quick ratio of 2.62 and a debt-to-equity ratio of 1.00. The company's 50 day moving average price is $144.33 and its 200 day moving average price is $85.55. Sezzle Inc. has a 12 month low of $19.43 and a 12 month high of $186.74.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wall Street Zen downgraded Sezzle from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. B. Riley boosted their price target on Sezzle from $101.00 to $111.00 and gave the stock a "buy" rating in a report on Monday. Finally, Oppenheimer boosted their price target on Sezzle from $168.00 to $202.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd.

Insider Transactions at Sezzle

In other news, COO Amin Sabzivand sold 18,000 shares of the stock in a transaction on Tuesday, June 24th. The stock was 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 represents a 6.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Karen Hartje sold 5,484 shares of the stock in a transaction 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 transaction, the chief financial officer directly owned 126,846 shares in the company, valued at $21,312,664.92. The trade was a 4.14% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,696 shares of company stock valued at $11,552,835. 49.49% of the stock is currently owned by corporate insiders.

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.