2,700 Shares in Sezzle Inc. (NASDAQ:SEZL) Purchased 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 stake in Sezzle Inc. (NASDAQ:SEZL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,700 shares of the company's stock, valued at approximately $691,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Sezzle by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 169,614 shares of the company's stock worth $43,387,000 after purchasing an additional 3,853 shares during the period. G2 Investment Partners Management LLC increased its position in shares of Sezzle by 275.9% in the fourth quarter. G2 Investment Partners Management LLC now owns 102,192 shares of the company's stock worth $26,141,000 after purchasing an additional 75,007 shares during the period. Marshall Wace LLP increased its position in shares of Sezzle by 792.3% in the fourth quarter. Marshall Wace LLP now owns 79,983 shares of the company's stock worth $20,460,000 after purchasing an additional 71,019 shares during the period. Millennium Management LLC increased its position in shares of Sezzle by 172.7% in the fourth quarter. Millennium Management LLC now owns 27,398 shares of the company's stock worth $7,008,000 after purchasing an additional 17,351 shares during the period. Finally, D. E. Shaw & Co. Inc. grew its position in Sezzle by 912.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 21,097 shares of the company's stock valued at $5,397,000 after acquiring an additional 19,014 shares during the last quarter. 2.02% of the stock is owned by institutional investors.

Sezzle Price Performance

Shares of Sezzle stock traded down $6.56 during trading on Friday, hitting $133.54. 1,389,907 shares of the stock traded hands, compared to its average volume of 822,303. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54. The stock has a market cap of $4.45 billion, a price-to-earnings ratio of 14.21 and a beta of 9.06. The firm's fifty day moving average is $79.22 and its 200-day moving average is $56.47. Sezzle Inc. has a 52 week low of $11.67 and a 52 week high of $141.83.

Sezzle announced that its board has approved a share repurchase program on Monday, March 10th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 4.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SEZL shares. Oppenheimer began coverage on Sezzle in a research report on Thursday. They issued an "outperform" rating and a $168.00 target price on the stock. Wall Street Zen cut Sezzle from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, B. Riley restated a "buy" rating and set a $62.83 price target (up from $62.00) on shares of Sezzle in a report on Wednesday, February 26th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Sezzle presently has an average rating of "Buy" and an average price target of $96.94.

Insider Buying and Selling at Sezzle

In other news, CFO Karen Hartje sold 311,196 shares of the company's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $71.83, for a total value of $22,353,208.68. Following the completion of the transaction, the chief financial officer now owns 154,266 shares of the company's stock, valued at $11,080,926.78. This represents a 66.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Amin Sabzivand sold 1,684 shares of the company's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $124.67, for a total value of $209,944.28. Following the completion of the transaction, the chief operating officer now directly owns 244,074 shares of the company's stock, valued at approximately $30,428,705.58. This trade represents a 0.69% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 443,080 shares of company stock worth $34,247,838. 49.49% of the stock is owned by insiders.

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.