6,865 Shares in Sezzle Inc. $SEZL Acquired by FNY Investment Advisers LLC

FNY Investment Advisers LLC purchased a new position in shares of Sezzle Inc. (NASDAQ:SEZL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,865 shares of the company’s stock, valued at approximately $1,230,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp raised its position in Sezzle by 518.0% during 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 purchasing an additional 32,656 shares in the last quarter. Rhumbline Advisers raised its position in Sezzle by 649.1% during the 1st quarter. Rhumbline Advisers now owns 19,146 shares of the company’s stock valued at $668,000 after purchasing an additional 16,590 shares in the last quarter. Allianz Asset Management GmbH raised its position in Sezzle by 937.0% during the 1st quarter. Allianz Asset Management GmbH now owns 15,420 shares of the company’s stock valued at $538,000 after purchasing an additional 13,933 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Sezzle during the 1st quarter valued at $747,000. Finally, Corebridge Financial Inc. raised 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 in the last quarter. 2.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on SEZL shares. Oppenheimer boosted their price target on Sezzle from $168.00 to $202.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Sezzle in a report on Wednesday, October 8th. Cowen assumed coverage on Sezzle in a report on Thursday, September 11th. They issued a “hold” rating for the company. TD Cowen assumed coverage on Sezzle in a report on Thursday, September 11th. They set a “hold” rating and a $82.00 target price for the company. Finally, B. Riley increased their target price on Sezzle from $101.00 to $111.00 and gave the company a “buy” rating in a report on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $113.75.

Insider Buying and Selling

In other news, CFO Karen Hartje sold 5,484 shares of the stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $85.00, for a total transaction of $466,140.00. Following the completion of the transaction, the chief financial officer directly owned 116,053 shares of the company’s stock, valued at approximately $9,864,505. This represents a 4.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Paul Paradis sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $91.62, for a total value of $274,860.00. Following the transaction, the director directly owned 242,000 shares of the company’s stock, valued at approximately $22,172,040. This trade represents a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,484 shares of company stock valued at $1,447,200. Company insiders own 49.49% of the company’s stock.

Sezzle Stock Down 0.6%

Shares of NASDAQ SEZL opened at $75.19 on Wednesday. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 25.76 and a beta of 8.70. The company has a debt-to-equity ratio of 1.00, a current ratio of 3.51 and a quick ratio of 3.51. The business has a 50-day moving average of $86.48 and a two-hundred day moving average of $100.88. Sezzle Inc. has a 1 year low of $24.86 and a 1 year high of $186.74.

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

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.