Wealth Enhancement Advisory Services LLC Sells 7,678 Shares of Sezzle Inc. $SEZL

Key Points

• Wealth Enhancement Advisory Services LLC has reduced its holdings in Sezzle Inc. by 35.9%, selling 7,678 shares, leaving them with a total of 13,731 shares valued at approximately $2.5 million.
• Several institutional investors, including Bank of New York Mellon and Allianz Asset Management, have significantly increased their stakes in Sezzle, with some reporting increases as high as 937%.
• Sezzle stock is currently rated as a "Moderate Buy" with a price target averaging $113.75, following various upgrades and downgrades by analysts.

Wealth Enhancement Advisory Services LLC trimmed its position in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) by 35.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,731 shares of the company's stock after selling 7,678 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Sezzle were worth $2,501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of SEZL. Bank of New York Mellon Corp boosted its position in shares of Sezzle by 518.0% in the 1st quarter. Bank of New York Mellon Corp now owns 38,960 shares of the company's stock valued at $1,359,000 after purchasing an additional 32,656 shares during the period. Allianz Asset Management GmbH lifted its position in shares of Sezzle by 937.0% during the 1st quarter. Allianz Asset Management GmbH now owns 15,420 shares of the company's stock valued at $538,000 after acquiring an additional 13,933 shares during the last quarter. Rhumbline Advisers raised its stake in Sezzle by 649.1% during the 1st quarter. Rhumbline Advisers now owns 19,146 shares of the company's stock valued at $668,000 after purchasing an additional 16,590 shares during the period. MetLife Investment Management LLC grew its position in shares of Sezzle by 485.5% in the first quarter. MetLife Investment Management LLC now owns 8,466 shares of the company's stock valued at $295,000 after purchasing an additional 7,020 shares during the last quarter. Finally, Corebridge Financial Inc. lifted its stake in Sezzle by 490.7% during the first quarter. Corebridge Financial Inc. now owns 6,834 shares of the company's stock worth $238,000 after purchasing an additional 5,677 shares during the period. 2.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SEZL shares. Cowen started coverage on shares of Sezzle in a research report on Thursday, September 11th. They set a "hold" rating on the stock. Oppenheimer lifted their target price on shares of Sezzle from $168.00 to $202.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. B. Riley increased their target price on shares of Sezzle from $101.00 to $111.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Wall Street Zen cut shares of Sezzle from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Finally, TD Cowen assumed coverage on Sezzle in a research note on Thursday, September 11th. They set a "hold" rating and a $82.00 price target for the company. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $113.75.

Sezzle Stock Down 0.1%

Sezzle stock opened at $84.19 on Friday. Sezzle Inc. has a twelve month low of $23.82 and a twelve month high of $186.74. The company has a quick ratio of 3.51, a current ratio of 3.51 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $2.86 billion, a P/E ratio of 28.85 and a beta of 9.02. The firm has a 50 day moving average price of $105.36 and a 200-day moving average price of $95.88.

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

Insider Activity at Sezzle

In related news, CFO Karen Hartje sold 5,484 shares of the 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 completion of the sale, the chief financial officer owned 126,846 shares of the company's stock, valued at approximately $21,312,664.92. This represents a 4.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul Paradis sold 3,000 shares of the firm's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $91.62, for a total value of $274,860.00. Following the transaction, the director directly owned 242,000 shares in the company, valued at $22,172,040. This trade represents a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,484 shares of company stock worth $3,382,832. 49.49% of the stock is owned by corporate 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.

Want to see what other hedge funds are holding SEZL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sezzle Inc. (NASDAQ:SEZL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.