29,118 Shares in Sezzle Inc. (NASDAQ:SEZL) Acquired by Victory Capital Management Inc.

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 stake in Sezzle Inc. (NASDAQ:SEZL - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 29,118 shares of the company's stock, valued at approximately $1,016,000. Victory Capital Management Inc. owned approximately 0.09% of Sezzle at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new stake in Sezzle during the 4th quarter worth approximately $31,000. CWM LLC increased its stake in Sezzle by 49,400.0% during the 1st quarter. CWM LLC now owns 990 shares of the company's stock valued at $35,000 after purchasing an additional 988 shares in the last quarter. Federated Hermes Inc. increased its stake in Sezzle by 3,575.0% during the 4th quarter. Federated Hermes Inc. now owns 147 shares of the company's stock valued at $38,000 after purchasing an additional 143 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Sezzle by 94.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 407 shares of the company's stock valued at $104,000 after purchasing an additional 198 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in Sezzle during the 4th quarter valued at $128,000. 2.02% of the stock is currently owned by institutional investors and hedge funds.

Sezzle Stock Performance

NASDAQ SEZL traded down $6.59 during trading on Tuesday, hitting $150.40. 650,033 shares of the company's stock traded hands, compared to its average volume of 1,006,551. The stock has a market capitalization of $5.01 billion, a price-to-earnings ratio of 50.88 and a beta of 9.09. Sezzle Inc. has a 12-month low of $11.83 and a 12-month high of $186.74. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.62 and a current ratio of 2.62. The business has a 50 day moving average of $143.56 and a 200-day moving average of $82.59.

Analysts Set New Price Targets

SEZL has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of Sezzle from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Oppenheimer boosted their price target on shares of Sezzle from $168.00 to $202.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd.

Insider Buying and Selling at Sezzle

In other Sezzle news, Director Paul Paradis sold 3,000 shares of the company's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $147.19, for a total transaction of $441,570.00. Following the sale, the director directly owned 251,000 shares of the company's stock, valued at $36,944,690. This represents a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Karen Hartje sold 5,484 shares of the company's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $168.02, for a total value of $921,421.68. Following the sale, the chief financial officer owned 126,846 shares in the company, valued at approximately $21,312,664.92. This represents a 4.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 504,092 shares of company stock valued at $43,975,326 over the last three months. 49.49% of the stock is currently owned by insiders.

Sezzle Company 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.