2,700 Shares in Sezzle Inc. (NASDAQ:SEZL) Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Sezzle Inc. (NASDAQ:SEZL - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,700 shares of the company's stock, valued at approximately $691,000.

A number of other large investors have also added to or reduced their stakes in the company. Plato Investment Management Ltd purchased a new position in Sezzle during the 4th quarter worth $30,000. Meeder Asset Management Inc. acquired a new stake in Sezzle in the fourth quarter worth about $31,000. Federated Hermes Inc. boosted its holdings in Sezzle by 3,575.0% in the fourth quarter. Federated Hermes Inc. now owns 147 shares of the company's stock worth $38,000 after acquiring an additional 143 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of Sezzle during the fourth quarter worth about $84,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Sezzle by 94.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 407 shares of the company's stock valued at $104,000 after acquiring an additional 198 shares in the last quarter. 2.02% of the stock is currently owned by institutional investors.

Sezzle Stock Performance

NASDAQ SEZL traded down $2.36 during trading hours on Friday, reaching $137.74. The stock had a trading volume of 723,217 shares, compared to its average volume of 817,259. Sezzle Inc. has a 52-week low of $11.67 and a 52-week high of $141.83. The stock has a fifty day moving average of $77.16 and a 200 day moving average of $56.13. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.40 and a current ratio of 2.40. The stock has a market cap of $4.58 billion, a P/E ratio of 14.68 and a beta of 9.06.

Sezzle declared that its Board of Directors has initiated a share buyback plan on Monday, March 10th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to purchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is undervalued.

Insider Activity

In related news, CFO Karen Hartje sold 311,196 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $71.83, for a total transaction of $22,353,208.68. Following the completion of the transaction, the chief financial officer now directly owns 154,266 shares in the company, valued at $11,080,926.78. The trade was a 66.86% 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, Director Paul Paradis sold 18,000 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $75.00, for a total value of $1,350,000.00. Following the sale, the director now directly owns 315,000 shares in the company, valued at $23,625,000. This represents a 5.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 443,080 shares of company stock valued at $34,247,838 in the last ninety days. Insiders own 49.49% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SEZL. Oppenheimer assumed coverage on shares of Sezzle in a research note on Thursday. They issued an "outperform" rating and a $168.00 target price for the company. B. Riley reiterated a "buy" rating and set a $62.83 price objective (up from $62.00) on shares of Sezzle in a research note on Wednesday, February 26th. Finally, Wall Street Zen lowered shares of Sezzle from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $96.94.

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.