Voloridge Investment Management LLC Invests $2.76 Million in Sezzle Inc. (NASDAQ:SEZL)

Voloridge Investment Management LLC bought a new stake in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,798 shares of the company's stock, valued at approximately $2,762,000. Voloridge Investment Management LLC owned approximately 0.19% of Sezzle as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Plato Investment Management Ltd bought a new position in shares of Sezzle during the fourth quarter valued at approximately $30,000. Meeder Asset Management Inc. bought a new stake in shares of Sezzle during the fourth quarter valued at approximately $31,000. Federated Hermes Inc. increased its position in shares of Sezzle by 3,575.0% during the fourth quarter. Federated Hermes Inc. now owns 147 shares of the company's stock valued at $38,000 after acquiring an additional 143 shares in the last quarter. Principal Securities Inc. bought a new stake in shares of Sezzle during the fourth quarter valued at approximately $84,000. Finally, Tower Research Capital LLC TRC increased its position 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. Institutional investors own 2.02% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on SEZL. B. Riley reissued a "buy" rating and set a $62.83 price target (up previously from $62.00) on shares of Sezzle in a research report on Wednesday, February 26th. Wall Street Zen downgraded shares of Sezzle from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd.

Insider Buying and Selling

In related news, Director Paul Paradis sold 18,000 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $75.00, for a total value of $1,350,000.00. Following the sale, the director now owns 315,000 shares in the company, valued at approximately $23,625,000. This trade represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Karen Hartje sold 311,196 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $71.83, for a total transaction of $22,353,208.68. Following the completion of the sale, the chief financial officer now owns 154,266 shares in the company, valued at $11,080,926.78. This represents a 66.86% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 441,396 shares of company stock worth $34,037,893. 49.49% of the stock is owned by insiders.

Sezzle Stock Performance

SEZL stock traded down $3.46 on Friday, hitting $105.69. The company had a trading volume of 1,199,013 shares, compared to its average volume of 793,724. Sezzle Inc. has a 12-month low of $11.50 and a 12-month high of $115.84. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54. The stock's 50-day simple moving average is $59.56 and its 200 day simple moving average is $52.33. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 11.24 and a beta of 8.41.

Sezzle (NASDAQ:SEZL - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.22. Sezzle had a net margin of 25.29% and a return on equity of 101.18%. The company had revenue of $271.13 billion for the quarter, compared to analysts' expectations of $73.90 million. As a group, equities research analysts expect that Sezzle Inc. will post 9.77 earnings per share for the current fiscal year.

Sezzle declared that its Board of Directors has authorized a stock buyback program on Monday, March 10th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 4.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its stock is undervalued.

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.