Truist Financial Corp Makes New $719,000 Investment in Sezzle Inc. $SEZL

Key Points

• Truist Financial Corp has made a significant investment of approximately $719,000 in Sezzle Inc, acquiring 4,010 shares of the stock during the second quarter.
• Several institutional investors have increased their stakes in Sezzle recently, with notable increases from GAMMA Investing LLC and Rhumbline Advisers, indicating growing interest in the company.
• Analysts have mixed ratings on Sezzle's stock, with some rating it as a hold and others maintaining higher price targets, reflecting uncertainty about its future performance.

Truist Financial Corp acquired a new position in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,010 shares of the company's stock, valued at approximately $719,000.

Several other large investors also recently added to or reduced their stakes in SEZL. GAMMA Investing LLC increased its stake in Sezzle by 96,725.0% during the first quarter. GAMMA Investing LLC now owns 7,746 shares of the company's stock worth $270,000 after acquiring an additional 7,738 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Sezzle by 649.1% during the first quarter. Rhumbline Advisers now owns 19,146 shares of the company's stock valued at $668,000 after buying an additional 16,590 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. Prosperity Wealth Management Inc. grew its stake 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 buying an additional 6,305 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Sezzle during the first quarter valued at approximately $131,000. 2.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SEZL shares. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Sezzle in a research note on Wednesday, October 8th. TD Cowen started coverage on Sezzle in a research note on Thursday, September 11th. They set a "hold" rating and a $82.00 target price on the stock. Wall Street Zen cut Sezzle from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Cowen assumed coverage on Sezzle in a research note on Thursday, September 11th. They set a "hold" rating on the stock. Finally, Oppenheimer boosted their price target on Sezzle from $168.00 to $202.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $113.75.

Sezzle Stock Up 3.9%

Shares of NASDAQ SEZL opened at $80.01 on Wednesday. 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 stock has a market capitalization of $2.72 billion, a PE ratio of 27.42 and a beta of 8.70. The stock's fifty day simple moving average is $89.92 and its two-hundred day simple moving average is $99.44. Sezzle Inc. has a 12-month low of $24.86 and a 12-month high of $186.74.

Sezzle (NASDAQ:SEZL - Get Free Report) last announced its earnings results on Tuesday, November 19th. The company reported $0.21 earnings per share (EPS) for the quarter. The business had revenue of $40.84 million for the quarter. Sezzle had a return on equity of 102.90% and a net margin of 28.13%. As a group, analysts expect that Sezzle Inc. will post 9.77 EPS for the current fiscal year.

Insider Buying and Selling at Sezzle

In other news, Director Paul Paradis sold 3,000 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $91.62, for a total transaction of $274,860.00. Following the completion of the sale, the director owned 242,000 shares in the company, valued at approximately $22,172,040. This represents a 1.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Karen Hartje sold 5,484 shares of the stock in a transaction on Monday, October 6th. The shares were sold at an average price of $85.00, for a total value of $466,140.00. Following the sale, the chief financial officer owned 116,053 shares of the company's stock, valued at approximately $9,864,505. This represents a 4.51% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,484 shares of company stock valued at $1,853,220. Company insiders own 49.49% of the company's stock.

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.

Want to see what other hedge funds are holding SEZL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sezzle Inc. (NASDAQ:SEZL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.