GK Wealth Management LLC Acquires New Shares in Sezzle Inc. $SEZL

GK Wealth Management LLC bought a new position in Sezzle Inc. (NASDAQ:SEZL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,094 shares of the company’s stock, valued at approximately $531,000.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings in Sezzle by 12.8% in the second quarter. GAMMA Investing LLC now owns 890 shares of the company’s stock worth $153,000 after buying an additional 101 shares during the last quarter. Versant Capital Management Inc increased its stake 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 purchasing an additional 182 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Sezzle by 296.1% during the 1st quarter. Bank of America Corp DE now owns 326,063 shares of the company’s stock valued at $20,637,000 after purchasing an additional 243,747 shares in the last quarter. Edgestream Partners L.P. lifted its stake in shares of Sezzle by 81.6% in the 1st quarter. Edgestream Partners L.P. now owns 32,269 shares of the company’s stock valued at $2,042,000 after purchasing an additional 14,504 shares during the last quarter. Finally, California State Teachers Retirement System boosted its holdings in Sezzle by 65.1% in the first quarter. California State Teachers Retirement System now owns 28,262 shares of the company’s stock worth $1,789,000 after purchasing an additional 11,145 shares in the last quarter. 2.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SEZL shares. B. Riley Financial reaffirmed a “buy” rating and issued a $141.00 price target (up from $117.00) on shares of Sezzle in a research report on Tuesday, June 2nd. Weiss Ratings upgraded shares of Sezzle from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Needham & Company LLC reissued a “buy” rating and set a $166.00 target price (up from $132.00) on shares of Sezzle in a research report on Thursday, June 18th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $190.00 price target (up from $115.00) on shares of Sezzle in a research report on Monday, July 13th. Finally, Northland Securities set a $170.00 target price on Sezzle in a research note on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $151.33.

Sezzle Trading Up 8.7%

Sezzle stock opened at $177.23 on Wednesday. Sezzle Inc. has a 12 month low of $49.50 and a 12 month high of $195.71. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of 42.10 and a beta of 6.76. The business has a 50 day moving average price of $154.81 and a two-hundred day moving average price of $102.70. The company has a quick ratio of 3.65, a current ratio of 3.65 and a debt-to-equity ratio of 0.73.

Sezzle (NASDAQ:SEZL) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.19. The business had revenue of $135.54 million for the quarter, compared to analysts’ expectations of $127.74 million. Sezzle had a return on equity of 87.46% and a net margin of 30.83%.Sezzle’s quarterly revenue was up 29.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.98 earnings per share. As a group, equities analysts forecast that Sezzle Inc. will post 5.1 EPS for the current year.

Insider Buying and Selling at Sezzle

In other news, COO Amin Sabzivand sold 6,930 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $179.91, for a total transaction of $1,246,776.30. Following the completion of the transaction, the chief operating officer directly owned 259,780 shares of the company’s stock, valued at approximately $46,737,019.80. This trade represents a 2.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Justin Krause sold 3,178 shares of Sezzle stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $117.72, for a total transaction of $374,114.16. Following the sale, the senior vice president owned 72,457 shares in the company, valued at approximately $8,529,638.04. This trade represents a 4.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 124,382 shares of company stock worth $17,416,662 over the last three months. 49.49% of the stock is currently owned by corporate insiders.

Sezzle Company 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.