Jupiter Topco LLC acquired a new position in shares of Sezzle Inc. (NASDAQ:SEZL – Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 113,232 shares of the company’s stock, valued at approximately $19,433,000.
Several other hedge funds have also recently bought and sold shares of SEZL. Vestcor Inc acquired a new position in shares of Sezzle in the 3rd quarter valued at approximately $29,000. Covestor Ltd lifted its holdings in shares of Sezzle by 109.4% during the 4th quarter. Covestor Ltd now owns 490 shares of the company’s stock worth $31,000 after acquiring an additional 256 shares during the period. Empowered Funds LLC acquired a new stake in shares of Sezzle during the 4th quarter worth approximately $33,000. Versant Capital Management Inc boosted its position in shares of Sezzle by 245.9% during the 2nd quarter. Versant Capital Management Inc now owns 256 shares of the company’s stock worth $44,000 after acquiring an additional 182 shares in the last quarter. Finally, Strengthening Families & Communities LLC bought a new position in Sezzle in the fourth quarter valued at approximately $49,000. 2.02% of the stock is owned by institutional investors.
Sezzle Price Performance
SEZL stock opened at $124.12 on Friday. The stock has a market cap of $4.18 billion, a price-to-earnings ratio of 26.98 and a beta of 6.76. The company has a debt-to-equity ratio of 0.52, a current ratio of 4.02 and a quick ratio of 4.02. The company has a 50 day simple moving average of $154.38 and a 200 day simple moving average of $110.26. Sezzle Inc. has a 1 year low of $49.50 and a 1 year high of $195.71.
Insider Transactions at Sezzle
In other Sezzle news, Director Paul Paradis sold 26,400 shares of the stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $161.35, for a total value of $4,259,640.00. Following the completion of the transaction, the director directly owned 416,195 shares in the company, valued at approximately $67,153,063.25. This trade represents a 5.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Amin Sabzivand sold 6,930 shares of Sezzle stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $179.91, for a total value of $1,246,776.30. Following the sale, the chief operating officer directly owned 259,780 shares in the company, valued at $46,737,019.80. The trade was a 2.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 84,750 shares of company stock worth $13,262,695. Insiders own 49.49% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have commented on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Sezzle in a research report on Tuesday, August 4th. Zacks Research raised Sezzle from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 27th. Needham & Company LLC reiterated a “buy” rating and issued a $172.00 price target on shares of Sezzle in a research note on Thursday, August 20th. Keefe, Bruyette & Woods lowered their price target on Sezzle from $190.00 to $155.00 and set a “market perform” rating for the company in a report on Friday, August 7th. Finally, TD Cowen upgraded Sezzle from a “hold” rating to a “buy” rating and set a $165.00 price objective for the company in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $146.50.
Check Out Our Latest Stock Report on Sezzle
Sezzle Profile
Sezzle Inc is a financial technology company specializing in buy now, pay later (BNPL) services that enable consumers to split purchases into interest-free installment payments. By integrating its platform with e-commerce merchants, Sezzle provides shoppers with flexible payment options at checkout while merchants benefit from increased conversion rates and average order values. The company’s technology is designed to offer a seamless user experience, with instant approval decisions and no hidden fees, positions it as a consumer-friendly alternative to traditional credit products.
Founded in 2016 and headquartered in Minneapolis, Minnesota, Sezzle completed its initial public offering on the Nasdaq under the ticker SEZL.
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