Sezzle Inc. (NASDAQ:SEZL) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its stake in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) by 4,731.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,186 shares of the company's stock after purchasing an additional 38,375 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.12% of Sezzle worth $1,367,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Sezzle during the first quarter valued at approximately $131,000. Prosperity Wealth Management Inc. grew its holdings in shares of Sezzle by 555.5% during the first quarter. Prosperity Wealth Management Inc. now owns 7,440 shares of the company's stock valued at $260,000 after purchasing an additional 6,305 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Sezzle during the first quarter valued at approximately $747,000. Rhumbline Advisers grew its holdings in Sezzle by 649.1% in the 1st quarter. Rhumbline Advisers now owns 19,146 shares of the company's stock worth $668,000 after buying an additional 16,590 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Sezzle by 96,725.0% in the 1st quarter. GAMMA Investing LLC now owns 7,746 shares of the company's stock worth $270,000 after buying an additional 7,738 shares in the last quarter. 2.02% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Sezzle news, Director Paul Paradis sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $182.03, for a total value of $546,090.00. Following the completion of the sale, the director directly owned 260,000 shares in the company, valued at $47,327,800. This represents a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Karen Hartje sold 5,484 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 126,846 shares of the company's stock, valued at $21,312,664.92. This trade represents a 4.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 498,092 shares of company stock worth $43,127,736 over the last ninety days. Company insiders own 49.49% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Oppenheimer increased their price objective on Sezzle from $168.00 to $202.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Wall Street Zen lowered Sezzle from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd.

Sezzle Price Performance

SEZL traded up $11.64 during trading on Wednesday, reaching $144.96. The stock had a trading volume of 1,004,488 shares, compared to its average volume of 844,617. The firm has a market capitalization of $4.83 billion, a price-to-earnings ratio of 48.97 and a beta of 9.16. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.56. Sezzle Inc. has a 1-year low of $11.67 and a 1-year high of $186.74. The stock has a 50 day moving average of $128.66 and a two-hundred day moving average of $72.35.

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.