Invesco Ltd. Sells 32,050 Shares of Sezzle Inc. (NASDAQ:SEZL)

Invesco Ltd. trimmed its holdings in Sezzle Inc. (NASDAQ:SEZL - Free Report) by 96.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,249 shares of the company's stock after selling 32,050 shares during the quarter. Invesco Ltd.'s holdings in Sezzle were worth $319,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its stake in shares of Sezzle by 28.0% in the fourth quarter. Bank of New York Mellon Corp now owns 6,304 shares of the company's stock worth $1,613,000 after acquiring an additional 1,378 shares during the last quarter. JPMorgan Chase & Co. raised its position in Sezzle by 295.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,979 shares of the company's stock worth $679,000 after purchasing an additional 2,974 shares during the last quarter. Virtu Financial LLC acquired a new position in Sezzle during the 3rd quarter worth $276,000. Principal Financial Group Inc. bought a new position in Sezzle in the 3rd quarter valued at $548,000. Finally, Calamos Advisors LLC acquired a new stake in shares of Sezzle in the 4th quarter valued at $2,423,000. Institutional investors and hedge funds own 2.02% of the company's stock.

Sezzle Trading Down 4.2 %

Shares of SEZL traded down $2.29 on Wednesday, reaching $52.90. 1,341,059 shares of the company's stock were exchanged, compared to its average volume of 742,879. The business has a 50 day moving average price of $40.98 and a two-hundred day moving average price of $45.98. Sezzle Inc. has a 12 month low of $6.73 and a 12 month high of $79.59. The stock has a market capitalization of $1.80 billion, a P/E ratio of 5.63 and a beta of 8.41. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54.

Sezzle (NASDAQ:SEZL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.22. Sezzle had a return on equity of 101.18% and a net margin of 25.29%. The company had revenue of $271.13 billion for the quarter, compared to the consensus estimate of $73.90 million. Research analysts anticipate that Sezzle Inc. will post 9.77 earnings per share for the current year.

Sezzle announced that its Board of Directors has approved a share repurchase plan on Monday, March 10th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to purchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Separately, B. Riley reaffirmed a "buy" rating and set a $62.83 price target (up previously from $62.00) on shares of Sezzle in a research note on Wednesday, February 26th.

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.