T. Rowe Price Investment Management Inc. Takes Position in 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 shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 114,960 shares of the company's stock, valued at approximately $4,011,000. T. Rowe Price Investment Management Inc. owned 0.34% of Sezzle as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Sezzle by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,320 shares of the company's stock valued at $338,000 after buying an additional 44 shares during the period. 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 valued at $104,000 after buying an additional 198 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Sezzle by 15.5% during the 4th quarter. Ameriprise Financial Inc. now owns 2,002 shares of the company's stock valued at $512,000 after buying an additional 268 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of Sezzle during the 4th quarter valued at $136,000. Finally, Bank of America Corp DE lifted its stake in shares of Sezzle by 32.6% in the 4th quarter. Bank of America Corp DE now owns 2,377 shares of the company's stock valued at $608,000 after purchasing an additional 585 shares during the last quarter. Institutional investors and hedge funds own 2.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SEZL. Wall Street Zen lowered shares of Sezzle from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Oppenheimer lifted their price objective on shares of Sezzle from $168.00 to $202.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Finally, B. Riley lifted their price objective on shares of Sezzle from $101.00 to $111.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $124.33.

Sezzle Price Performance

NASDAQ:SEZL traded down $0.89 during mid-day trading on Friday, hitting $94.92. The company's stock had a trading volume of 865,217 shares, compared to its average volume of 1,050,883. Sezzle Inc. has a fifty-two week low of $20.74 and a fifty-two week high of $186.74. The company has a current ratio of 3.51, a quick ratio of 3.51 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of 32.59 and a beta of 9.09. The stock has a fifty day moving average of $134.19 and a 200-day moving average of $89.52.

Sezzle (NASDAQ:SEZL - Get Free Report) last posted its quarterly 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. Sezzle had a net margin of 28.13% and a return on equity of 102.90%. The firm had revenue of $60.31 million during the quarter, compared to analyst estimates of $93.33 million. As a group, equities analysts forecast that Sezzle Inc. will post 9.77 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Karen Hartje sold 5,484 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $168.02, for a total transaction of $921,421.68. Following the completion of the sale, the chief financial officer owned 126,846 shares of the company's stock, valued at approximately $21,312,664.92. This trade represents a 4.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Amin Sabzivand sold 18,000 shares of the firm's stock in a transaction that occurred 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 sale, the chief operating officer directly owned 243,303 shares of the company's stock, valued at approximately $38,273,994.93. The trade was a 6.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 68,696 shares of company stock valued at $10,476,922 over the last quarter. Corporate insiders own 49.49% of the company's stock.

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.