Driehaus Capital Management LLC Sells 14,994 Shares of Sezzle Inc. (NASDAQ:SEZL)

Driehaus Capital Management LLC reduced its position in Sezzle Inc. (NASDAQ:SEZL) by 21.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,746 shares of the company’s stock after selling 14,994 shares during the period. Driehaus Capital Management LLC owned approximately 0.98% of Sezzle worth $14,004,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of SEZL. Marshall Wace LLP lifted its stake in shares of Sezzle by 792.3% in the fourth quarter. Marshall Wace LLP now owns 79,983 shares of the company’s stock valued at $20,460,000 after buying an additional 71,019 shares in the last quarter. Jane Street Group LLC lifted its position in Sezzle by 816.9% in the 4th quarter. Jane Street Group LLC now owns 15,707 shares of the company’s stock valued at $4,018,000 after acquiring an additional 13,994 shares in the last quarter. Portolan Capital Management LLC acquired a new position in Sezzle during the 4th quarter valued at about $3,368,000. Russell Investments Group Ltd. increased its holdings in Sezzle by 1,733.1% during the 4th quarter. Russell Investments Group Ltd. now owns 12,447 shares of the company’s stock worth $3,184,000 after purchasing an additional 11,768 shares in the last quarter. Finally, Boothbay Fund Management LLC raised its stake in shares of Sezzle by 220.5% in the fourth quarter. Boothbay Fund Management LLC now owns 17,000 shares of the company’s stock worth $4,349,000 after purchasing an additional 11,696 shares during the last quarter. Institutional investors and hedge funds own 2.02% of the company’s stock.

Insider Activity

In related news, Director Paul Paradis sold 18,000 shares of the firm’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $75.00, for a total transaction of $1,350,000.00. Following the completion of the sale, the director now owns 315,000 shares in the company, valued at approximately $23,625,000. This trade represents a 5.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 57.65% of the company’s stock.

Sezzle Stock Up 16.5 %

Sezzle stock opened at $87.35 on Friday. Sezzle Inc. has a fifty-two week low of $10.69 and a fifty-two week high of $88.28. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.40 and a current ratio of 2.40. The firm’s 50-day simple moving average is $42.50 and its 200 day simple moving average is $46.71. The stock has a market cap of $2.97 billion, a PE ratio of 9.29 and a beta of 8.41.

Sezzle (NASDAQ:SEZL) last announced its earnings results on Tuesday, February 25th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.22. The firm had revenue of $271.13 billion for 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%. Research analysts predict that Sezzle Inc. will post 9.77 EPS for the current fiscal year.

Sezzle announced that its board has approved a share repurchase program on Monday, March 10th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 4.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

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

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.