New York State Teachers Retirement System Acquires New Holdings in Sezzle Inc. $SEZL

New York State Teachers Retirement System acquired a new stake in Sezzle Inc. (NASDAQ:SEZL) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,275 shares of the company’s stock, valued at approximately $229,000.

Other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its holdings in 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 buying an additional 32,656 shares during the last quarter. Rhumbline Advisers raised its holdings in Sezzle by 649.1% in the 1st quarter. Rhumbline Advisers now owns 19,146 shares of the company’s stock valued at $668,000 after buying an additional 16,590 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in Sezzle by 937.0% in the 1st quarter. Allianz Asset Management GmbH now owns 15,420 shares of the company’s stock valued at $538,000 after buying an additional 13,933 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Sezzle during the 1st quarter valued at approximately $747,000. Finally, Corebridge Financial Inc. increased its position in Sezzle by 490.7% during the 1st quarter. Corebridge Financial Inc. now owns 6,834 shares of the company’s stock valued at $238,000 after purchasing an additional 5,677 shares during the period. Institutional investors own 2.02% of the company’s stock.

Insider Activity at Sezzle

In related news, Director Paul Paradis sold 3,000 shares of Sezzle 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 completion of the sale, the director owned 242,000 shares of the company’s stock, valued at approximately $22,172,040. This trade represents a 1.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Karen Hartje sold 5,484 shares of Sezzle stock in a transaction on Monday, October 6th. The shares were sold at an average price of $85.00, for a total transaction of $466,140.00. Following the completion of the sale, the chief financial officer directly owned 116,053 shares of the company’s stock, valued at approximately $9,864,505. The trade was a 4.51% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,484 shares of company stock valued at $1,447,200. Insiders own 49.49% of the company’s stock.

Sezzle Stock Performance

Shares of SEZL stock opened at $76.20 on Friday. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 26.11 and a beta of 8.70. Sezzle Inc. has a 52 week low of $24.86 and a 52 week 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 firm has a 50 day moving average of $85.81 and a 200-day moving average of $101.01.

Sezzle (NASDAQ:SEZL) last announced its quarterly earnings data on Tuesday, November 19th. The company reported $0.21 EPS for the quarter. The company had revenue of $40.84 million during the quarter. Sezzle had a net margin of 28.13% and a return on equity of 102.90%. On average, equities analysts forecast that Sezzle Inc. will post 9.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

SEZL has been the subject of a number of recent analyst reports. Cowen initiated coverage on shares of Sezzle in a research report on Thursday, September 11th. They set a “hold” rating for the company. 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 report on Monday, August 11th. TD Cowen initiated coverage on shares of Sezzle in a research report on Thursday, September 11th. They set a “hold” rating and a $82.00 target price for the company. Wall Street Zen downgraded shares of Sezzle from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Finally, Oppenheimer increased their target price on shares of Sezzle from $168.00 to $202.00 and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.75.

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.