BI Asset Management Fondsmaeglerselskab A S Invests $1.94 Million in Sezzle Inc. $SEZL

BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Sezzle Inc. (NASDAQ:SEZL) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 24,392 shares of the company’s stock, valued at approximately $1,940,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Sezzle during the second quarter valued at approximately $71,770,000. Goldman Sachs Group Inc. boosted its stake in shares of Sezzle by 1,068.2% in the first quarter. Goldman Sachs Group Inc. now owns 169,487 shares of the company’s stock valued at $5,913,000 after purchasing an additional 154,978 shares during the period. First Trust Advisors LP grew its holdings in Sezzle by 300.6% during the 2nd quarter. First Trust Advisors LP now owns 188,189 shares of the company’s stock valued at $33,733,000 after purchasing an additional 141,209 shares in the last quarter. Royal Bank of Canada increased its stake in Sezzle by 429.0% during the 1st quarter. Royal Bank of Canada now owns 132,361 shares of the company’s stock worth $4,618,000 after buying an additional 107,340 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in Sezzle in the 2nd quarter valued at about $16,761,000. Hedge funds and other institutional investors own 2.02% of the company’s stock.

Sezzle Stock Performance

SEZL stock opened at $67.72 on Friday. The stock’s 50 day simple moving average is $68.86 and its 200 day simple moving average is $80.46. Sezzle Inc. has a 12-month low of $24.86 and a 12-month high of $186.74. The firm has a market cap of $2.31 billion, a P/E ratio of 20.96 and a beta of 8.70. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.76.

Sezzle (NASDAQ:SEZL) last released its earnings results on Wednesday, November 5th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.06. The firm had revenue of $116.80 million during the quarter, compared to analyst estimates of $104.70 million. Sezzle had a net margin of 27.66% and a return on equity of 90.06%. The business’s revenue was up 67.0% on a year-over-year basis. As a group, equities research analysts predict that Sezzle Inc. will post 9.77 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SEZL. UBS Group set a $110.00 target price on Sezzle in a research report on Thursday, November 6th. Wall Street Zen lowered Sezzle from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. TD Cowen reduced their target price on Sezzle from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Thursday, January 8th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Sezzle in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $126.25.

Insider Activity at Sezzle

In other Sezzle news, Director Kyle M. Brehm acquired 1,217 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was acquired at an average price of $57.50 per share, with a total value of $69,977.50. Following the transaction, the director directly owned 24,129 shares in the company, valued at approximately $1,387,417.50. This represents a 5.31% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 49.49% of the company’s stock.

About Sezzle

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.