21,828 Shares in Sezzle Inc. $SEZL Purchased by Vident Advisory LLC

Key Points

• Vident Advisory LLC has acquired a new stake in Sezzle Inc., purchasing 21,828 shares valued at approximately $762,000, marking their ownership at 0.06% of the company.
• Sezzle's stock recently opened at $84.89 and has experienced a decline of 3.6%, with analysts forecasting a 9.77 EPS for the current fiscal year.
• Insider transactions reveal significant selling activity, with COO Amin Sabzivand and Director Paul Paradis selling shares, leading to a total of 67,012 shares sold by corporate insiders in the last three months.

Vident Advisory LLC purchased a new stake in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,828 shares of the company's stock, valued at approximately $762,000. Vident Advisory LLC owned about 0.06% of Sezzle at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SEZL. Tower Research Capital LLC TRC raised its holdings in shares of Sezzle by 94.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 407 shares of the company's stock worth $104,000 after acquiring an additional 198 shares in the last quarter. Price T Rowe Associates Inc. MD purchased a new stake in Sezzle during the fourth quarter valued at $424,000. The Manufacturers Life Insurance Company bought a new position in Sezzle during the fourth quarter valued at $311,000. Northern Trust Corp increased its holdings in shares of Sezzle by 6.8% in the 4th quarter. Northern Trust Corp now owns 20,708 shares of the company's stock worth $5,297,000 after buying an additional 1,319 shares during the last quarter. Finally, Jane Street Group LLC raised its position in shares of Sezzle by 816.9% during the 4th quarter. Jane Street Group LLC now owns 15,707 shares of the company's stock valued at $4,018,000 after buying an additional 13,994 shares in the last quarter. Institutional investors own 2.02% of the company's stock.

Insiders Place Their Bets

In other news, CFO Karen Hartje sold 5,484 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $168.02, for a total transaction of $921,421.68. Following the transaction, the chief financial officer directly owned 126,846 shares of the company's stock, valued at approximately $21,312,664.92. This trade represents a 4.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Paul Paradis sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $135.34, for a total value of $406,020.00. Following the completion of the sale, the director owned 254,000 shares of the company's stock, valued at $34,376,360. The trade was a 1.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 67,012 shares of company stock worth $10,266,978 in the last three months. Corporate insiders own 49.49% of the company's stock.

Sezzle Trading Down 3.6%

SEZL traded down $3.33 during trading hours on Wednesday, reaching $89.43. 301,288 shares of the company's stock traded hands, compared to its average volume of 1,041,255. The firm has a 50-day moving average price of $122.90 and a 200 day moving average price of $91.83. The firm has a market capitalization of $3.04 billion, a PE ratio of 30.64 and a beta of 9.04. The company has a quick ratio of 3.51, a current ratio of 3.51 and a debt-to-equity ratio of 1.00. Sezzle Inc. has a 52-week low of $21.58 and a 52-week high of $186.74.

Sezzle (NASDAQ:SEZL - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.11. The business had revenue of $60.31 million during the quarter, compared to the consensus estimate of $93.33 million. Sezzle had a return on equity of 102.90% and a net margin of 28.13%. As a group, sell-side analysts predict that Sezzle Inc. will post 9.77 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on the company. Oppenheimer lifted their price target on Sezzle from $168.00 to $202.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Wall Street Zen cut Sezzle from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Finally, B. Riley increased their price target on Sezzle from $101.00 to $111.00 and gave the company a "buy" rating in a report on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Sezzle currently has a consensus rating of "Buy" and a consensus target price of $124.33.

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.