Squarepoint Ops LLC Cuts Stock Holdings in Sezzle Inc. (NASDAQ:SEZL)

Squarepoint Ops LLC decreased its holdings in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) by 15.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,668 shares of the company's stock after selling 3,903 shares during the quarter. Squarepoint Ops LLC owned about 0.39% of Sezzle worth $5,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in Sezzle by 28.0% during the 4th quarter. Bank of New York Mellon Corp now owns 6,304 shares of the company's stock valued at $1,613,000 after acquiring an additional 1,378 shares during the period. JPMorgan Chase & Co. raised its holdings in Sezzle by 295.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,979 shares of the company's stock valued at $679,000 after acquiring an additional 2,974 shares during the period. The Manufacturers Life Insurance Company bought a new stake in Sezzle during the 4th quarter valued at $311,000. Calamos Advisors LLC bought a new stake in Sezzle during the 4th quarter valued at $2,423,000. Finally, Swiss National Bank bought a new stake in Sezzle during the 4th quarter valued at $1,407,000. Institutional investors own 2.02% of the company's stock.

Sezzle Price Performance

Shares of SEZL traded down $2.48 during mid-day trading on Friday, reaching $106.67. 517,889 shares of the stock traded hands, compared to its average volume of 791,104. The firm has a fifty day moving average price of $59.56 and a 200 day moving average price of $52.33. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 11.34 and a beta of 8.41. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54. Sezzle Inc. has a 1 year low of $11.50 and a 1 year high of $115.84.

Sezzle (NASDAQ:SEZL - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.22. The firm had revenue of $271.13 billion during the quarter, compared to analyst estimates of $73.90 million. Sezzle had a net margin of 25.29% and a return on equity of 101.18%. As a group, equities research analysts predict that Sezzle Inc. will post 9.77 earnings per share for the current year.

Sezzle announced that its board has initiated a stock repurchase plan on Monday, March 10th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the company to repurchase up to 4.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

Insider Activity

In related news, COO Amin Sabzivand sold 9,854 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $107.73, for a total value of $1,061,571.42. Following the completion of the transaction, the chief operating officer now directly owns 244,074 shares in the company, valued at approximately $26,294,092.02. The trade was a 3.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul Paradis sold 3,000 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $108.22, for a total transaction of $324,660.00. Following the completion of the transaction, the director now owns 278,000 shares of the company's stock, valued at $30,085,160. This trade represents a 1.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 441,396 shares of company stock worth $34,037,893 in the last three months. Corporate insiders own 49.49% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SEZL shares. B. Riley reissued a "buy" rating and set a $62.83 target price (up previously from $62.00) on shares of Sezzle in a report on Wednesday, February 26th. Wall Street Zen cut shares of Sezzle from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd.

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.