T. Rowe Price Investment Management Inc. Purchases Shares of 114,960 Sezzle Inc. $SEZL

Key Points

• T. Rowe Price Investment Management Inc. invested approximately $4.01 million in Sezzle Inc., acquiring 114,960 shares, which represents about 0.34% of the company's stock.
• Several institutional investors significantly increased their stakes in Sezzle, with CWM LLC raising its position by 49,400% during the first quarter.
• Sezzle's stock has been rated by analysts with an average rating of "Buy" and a target price of $124.33, following recent price target adjustments from notable analysts.

T. Rowe Price Investment Management Inc. bought a new stake in Sezzle Inc. (NASDAQ:SEZL - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 114,960 shares of the company's stock, valued at approximately $4,011,000. T. Rowe Price Investment Management Inc. owned approximately 0.34% of Sezzle as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SEZL. Vanguard Group Inc. boosted its position 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 purchasing an additional 844,084 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings 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 buying an additional 99,964 shares during the last quarter. G2 Investment Partners Management LLC grew its position in Sezzle by 275.9% during the fourth 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 during the period. Independent Advisor Alliance increased its holdings in Sezzle by 584.5% during the first quarter. Independent Advisor Alliance now owns 50,106 shares of the company's stock worth $1,748,000 after buying an additional 42,786 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in Sezzle during the first quarter worth about $1,384,000. 2.02% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Sezzle news, COO Amin Sabzivand sold 18,000 shares of Sezzle stock in a transaction dated 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 completion of the transaction, the chief operating officer owned 243,303 shares of the company's stock, valued at $38,273,994.93. The trade was a 6.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul Paradis sold 3,000 shares of the stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $182.03, for a total transaction of $546,090.00. Following the completion of the sale, the director directly owned 260,000 shares in the company, valued at approximately $47,327,800. The trade was a 1.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 68,696 shares of company stock worth $10,476,922 in the last quarter. 49.49% of the stock is owned by company insiders.

Sezzle Stock Performance

SEZL traded down $1.21 on Friday, hitting $94.60. The company's stock had a trading volume of 1,182,509 shares, compared to its average volume of 1,342,059. Sezzle Inc. has a 12 month low of $20.74 and a 12 month high of $186.74. The firm has a market cap of $3.22 billion, a P/E ratio of 32.42 and a beta of 9.09. The company has a quick ratio of 3.51, a current ratio of 3.51 and a debt-to-equity ratio of 1.00. The company's 50 day simple moving average is $133.14 and its 200-day simple moving average is $90.14.

Sezzle (NASDAQ:SEZL - Get Free Report) last posted 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 firm 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%. Analysts forecast that Sezzle Inc. will post 9.77 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.