Boothbay Fund Management LLC Purchases 11,696 Shares of Sezzle Inc. (NASDAQ:SEZL)

Boothbay Fund Management LLC raised its holdings in Sezzle Inc. (NASDAQ:SEZL - Free Report) by 220.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 17,000 shares of the company's stock after acquiring an additional 11,696 shares during the quarter. Boothbay Fund Management LLC owned approximately 0.30% of Sezzle worth $4,349,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Rhumbline Advisers increased its stake in shares of Sezzle by 1.8% in the fourth quarter. Rhumbline Advisers now owns 2,556 shares of the company's stock valued at $654,000 after buying an additional 45 shares during the period. Plato Investment Management Ltd bought a new position in Sezzle during the 4th quarter worth approximately $30,000. Meeder Asset Management Inc. acquired a new position in shares of Sezzle in the 4th quarter worth approximately $31,000. Federated Hermes Inc. boosted its stake in shares of Sezzle by 3,575.0% in the 4th quarter. Federated Hermes Inc. now owns 147 shares of the company's stock valued at $38,000 after purchasing an additional 143 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Sezzle by 6.7% during the fourth quarter. Alliancebernstein L.P. now owns 2,700 shares of the company's stock worth $691,000 after buying an additional 170 shares during the period. Institutional investors own 2.02% of the company's stock.

Sezzle Stock Performance

Shares of NASDAQ:SEZL traded up $3.59 during trading on Friday, hitting $55.62. 403,329 shares of the company were exchanged, compared to its average volume of 738,608. The company has a market cap of $1.88 billion, a PE ratio of 5.91 and a beta of 8.73. Sezzle Inc. has a 52-week low of $6.73 and a 52-week high of $79.59. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.40 and a quick ratio of 2.40. The stock has a 50 day moving average of $40.59 and a 200 day moving average of $45.49.

Sezzle (NASDAQ:SEZL - Get Free Report) last issued its quarterly 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 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 analyst estimates of $73.90 million. As a group, equities research analysts predict that Sezzle Inc. will post 9.77 EPS for the current year.

Sezzle announced that its Board of Directors has authorized a stock buyback plan on Monday, March 10th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to reacquire up to 4.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

Separately, B. Riley reiterated a "buy" rating and issued a $62.83 target price (up from $62.00) on shares of Sezzle in a report on Wednesday, February 26th.

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.