Victory Capital Management Inc. Invests $1.02 Million in Sezzle Inc. (NASDAQ:SEZL)

Key Points

• Victory Capital Management Inc. invested approximately $1.02 million in Sezzle Inc. by purchasing 29,118 shares, representing 0.09% ownership as of their latest SEC filing.
• Numerous other hedge funds, including MIRAE ASSET GLOBAL ETFS HOLDINGS and Federated Hermes Inc., made significant adjustments to their positions in Sezzle during the fourth quarter.
• Sezzle's stock received mixed analyst ratings; Oppenheimer raised its target price to $202, while Wall Street Zen lowered its rating from "strong-buy" to "buy."

Victory Capital Management Inc. purchased a new position in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 29,118 shares of the company's stock, valued at approximately $1,016,000. Victory Capital Management Inc. owned 0.09% of Sezzle as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Sezzle by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,320 shares of the company's stock worth $338,000 after acquiring an additional 44 shares during the period. Meeder Asset Management Inc. bought a new position in Sezzle in the 4th quarter valued at about $31,000. Federated Hermes Inc. increased its holdings in Sezzle by 3,575.0% in the 4th quarter. Federated Hermes Inc. now owns 147 shares of the company's stock valued at $38,000 after buying an additional 143 shares during the period. Alliancebernstein L.P. increased its holdings in Sezzle by 6.7% in the 4th quarter. Alliancebernstein L.P. now owns 2,700 shares of the company's stock valued at $691,000 after buying an additional 170 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in Sezzle by 94.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 407 shares of the company's stock valued at $104,000 after buying an additional 198 shares during the period. 2.02% of the stock is owned by institutional investors.

Insider Activity

In other news, COO Amin Sabzivand sold 6,028 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $164.23, for a total value of $989,978.44. Following the sale, the chief operating officer directly owned 243,303 shares in the company, valued at approximately $39,957,651.69. This trade represents a 2.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul Paradis sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $147.19, for a total transaction of $441,570.00. Following the completion of the sale, the director owned 251,000 shares in the company, valued at approximately $36,944,690. The trade was a 1.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 504,092 shares of company stock worth $43,975,326. Corporate insiders own 49.49% of the company's stock.

Sezzle Price Performance

SEZL stock opened at $154.84 on Friday. The company's 50-day moving average price is $141.75 and its two-hundred day moving average price is $80.51. Sezzle Inc. has a 12 month low of $11.67 and a 12 month high of $186.74. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.56. The firm has a market cap of $5.15 billion, a P/E ratio of 52.31 and a beta of 9.16.

Analyst Upgrades and Downgrades

Several research firms have commented on SEZL. Oppenheimer raised their target price on shares of Sezzle from $168.00 to $202.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Wall Street Zen lowered shares of Sezzle from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd.

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.

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