13,168 Shares in Sezzle Inc. (NASDAQ:SEZL) Purchased by Portolan Capital Management LLC

Portolan Capital Management LLC acquired a new stake in Sezzle Inc. (NASDAQ:SEZL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 13,168 shares of the company's stock, valued at approximately $3,368,000. Portolan Capital Management LLC owned approximately 0.23% of Sezzle at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SEZL. Plato Investment Management Ltd purchased a new position in Sezzle in the fourth quarter valued at about $30,000. Meeder Asset Management Inc. acquired a new stake in shares of Sezzle in the fourth quarter valued at about $31,000. Federated Hermes Inc. raised its holdings in shares of 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 buying an additional 143 shares during the period. Modus Advisors LLC acquired a new position in Sezzle during the 4th quarter worth approximately $80,000. Finally, Principal Securities Inc. purchased a new position in Sezzle in the 4th quarter worth approximately $84,000. Hedge funds and other institutional investors own 2.02% of the company's stock.

Wall Street Analysts Forecast Growth

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

Sezzle Stock Up 4.8 %

NASDAQ:SEZL traded up $2.06 on Friday, reaching $44.80. The stock had a trading volume of 773,570 shares, compared to its average volume of 736,628. The company has a 50-day moving average of $41.71 and a 200 day moving average of $44.52. 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 has a market cap of $1.52 billion, a P/E ratio of 4.77 and a beta of 8.73. Sezzle Inc. has a 12-month low of $6.73 and a 12-month high of $79.59.

Sezzle (NASDAQ:SEZL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.73 EPS 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 firm had revenue of $271.13 billion during the quarter, compared to the consensus estimate of $73.90 million. On average, research analysts predict that Sezzle Inc. will post 9.77 earnings per share for the current year.

Sezzle announced that its Board of Directors has initiated a share repurchase program on Monday, March 10th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to buy up to 4.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are 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.