Sezzle Inc. $SEZL Shares Bought by Trexquant Investment LP

Key Points

• Trexquant Investment LP significantly increased its holdings in Sezzle Inc. by 763.7% in the first quarter, owning 39,836 shares valued at approximately $1.39 million.
• Several institutional investors including Vanguard Group and T. Rowe Price have also boosted their stakes, indicating strong interest from larger investment firms.
• Analysts have set varied price targets for Sezzle, with B. Riley raising theirs to $111 and Oppenheimer to $202, while Wall Street Zen downgraded the stock to a "hold" rating.

Trexquant Investment LP raised its position in Sezzle Inc. (NASDAQ:SEZL - Free Report) by 763.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,836 shares of the company's stock after buying an additional 35,224 shares during the period. Trexquant Investment LP owned about 0.12% of Sezzle worth $1,390,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Corebridge Financial Inc. increased its holdings in Sezzle by 490.7% in the first quarter. Corebridge Financial Inc. now owns 6,834 shares of the company's stock valued at $238,000 after buying an additional 5,677 shares in the last quarter. MetLife Investment Management LLC increased its holdings in Sezzle by 485.5% in the first quarter. MetLife Investment Management LLC now owns 8,466 shares of the company's stock valued at $295,000 after buying an additional 7,020 shares in the last quarter. AlphaQuest LLC purchased a new position in Sezzle in the first quarter valued at $1,273,000. T. Rowe Price Investment Management Inc. purchased a new position in Sezzle in the first quarter valued at $4,011,000. Finally, Russell Investments Group Ltd. increased its holdings in Sezzle by 162.1% in the first quarter. Russell Investments Group Ltd. now owns 32,620 shares of the company's stock valued at $1,138,000 after buying an additional 20,173 shares in the last quarter. Hedge funds and other institutional investors own 2.02% of the company's stock.

Sezzle Price Performance

SEZL traded down $1.87 on Wednesday, reaching $90.89. 647,930 shares of the company's stock were exchanged, compared to its average volume of 1,043,256. The stock has a market cap of $3.09 billion, a PE ratio of 31.14 and a beta of 9.04. Sezzle Inc. has a twelve month low of $21.58 and a twelve month high of $186.74. The stock's fifty day moving average price is $122.90 and its 200-day moving average price is $91.83. The company has a debt-to-equity ratio of 1.00, a current ratio of 3.51 and a quick ratio of 3.51.

Sezzle (NASDAQ:SEZL - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.11. The firm had revenue of $60.31 million for the quarter, compared to analyst estimates of $93.33 million. Sezzle had a net margin of 28.13% and a return on equity of 102.90%. Sell-side analysts expect 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 recent analyst reports. 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 report on Monday, August 11th. Wall Street Zen lowered shares of Sezzle from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Finally, Oppenheimer lifted 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. Three analysts have rated the stock with a Buy rating, According to MarketBeat, Sezzle has an average rating of "Buy" and an average target price of $124.33.

Insider Buying and Selling

In related news, COO Amin Sabzivand sold 18,000 shares of the business's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $157.31, for a total transaction of $2,831,580.00. Following the transaction, the chief operating officer directly owned 243,303 shares in the company, valued at approximately $38,273,994.93. The trade was a 6.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Paul Paradis sold 3,000 shares of the business's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $135.34, for a total transaction of $406,020.00. Following the completion of the transaction, the director owned 254,000 shares in the company, valued at $34,376,360. The trade was a 1.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,012 shares of company stock worth $10,266,978. 49.49% of the stock is owned by 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.