Regal Partners Ltd Invests $2.56 Million in Sezzle Inc. (NASDAQ:SEZL)

Regal Partners Ltd bought a new stake in Sezzle Inc. (NASDAQ:SEZL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,024 shares of the company's stock, valued at approximately $2,564,000. Regal Partners Ltd owned about 0.18% of Sezzle as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Plato Investment Management Ltd acquired a new position in Sezzle in the 4th quarter worth about $30,000. Meeder Asset Management Inc. bought a new position in shares of Sezzle during the fourth quarter valued at $31,000. Federated Hermes Inc. lifted its holdings in shares of Sezzle by 3,575.0% during the fourth quarter. Federated Hermes Inc. now owns 147 shares of the company's stock worth $38,000 after purchasing an additional 143 shares during the period. Modus Advisors LLC bought a new stake in shares of Sezzle in the fourth quarter worth $80,000. Finally, Principal Securities Inc. acquired a new stake in shares of Sezzle in the fourth quarter valued at about $84,000. Institutional investors and hedge funds own 2.02% of the company's stock.

Analysts Set New Price Targets

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 report on Wednesday, February 26th.

Sezzle Stock Up 7.1 %

SEZL stock traded up $3.70 during trading on Friday, reaching $55.73. 641,379 shares of the stock were exchanged, compared to its average volume of 740,107. 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 Inc. has a twelve month low of $6.73 and a twelve month high of $79.59. The firm's 50 day moving average is $40.73 and its 200 day moving average is $45.65. The firm has a market cap of $1.89 billion, a P/E ratio of 5.93 and a beta of 8.41.

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

Sezzle announced that its board has initiated a stock buyback program on Monday, March 10th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to buy up to 4.3% of its stock through open market purchases. Stock repurchase programs are generally an indication 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.