Odyssean LLC purchased a new position in Sezzle Inc. (NASDAQ:SEZL – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 6,788 shares of the company’s stock, valued at approximately $1,165,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SEZL. GAMMA Investing LLC increased its position 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 period. Blue Trust Inc. boosted its holdings in shares of Sezzle by 24.1% during the first quarter. Blue Trust Inc. now owns 905 shares of the company’s stock valued at $57,000 after acquiring an additional 176 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Sezzle by 245.9% during the second quarter. Versant Capital Management Inc now owns 256 shares of the company’s stock valued at $44,000 after acquiring an additional 182 shares during the period. Larson Financial Group LLC grew its position in shares of Sezzle by 35.4% during the third quarter. Larson Financial Group LLC now owns 795 shares of the company’s stock worth $63,000 after acquiring an additional 208 shares during the last quarter. Finally, Covestor Ltd increased its holdings in shares of Sezzle by 109.4% in 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. Institutional investors and hedge funds own 2.02% of the company’s stock.
Sezzle Trading Down 1.9%
Sezzle stock opened at $120.58 on Friday. Sezzle Inc. has a 12-month low of $49.50 and a 12-month high of $195.71. 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 stock has a market capitalization of $4.06 billion, a PE ratio of 26.21 and a beta of 6.66. The firm has a 50 day simple moving average of $150.35 and a 200-day simple moving average of $112.18.
Insider Transactions at Sezzle
In related news, Director Kyle M. Brehm sold 1,000 shares of Sezzle stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $125.92, for a total transaction of $125,920.00. Following the transaction, the director directly owned 23,853 shares of the company’s stock, valued at $3,003,569.76. The trade was a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul Paradis sold 26,400 shares of Sezzle 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 transaction, the director directly owned 416,195 shares in the company, valued at approximately $67,153,063.25. The trade was a 5.96% 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 sold a total of 84,750 shares of company stock worth $13,262,695 over the last 90 days. 49.49% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on SEZL. Freedom Capital raised Sezzle to a “hold” rating in a report on Wednesday, June 24th. B. Riley Financial reaffirmed a “buy” rating on shares of Sezzle in a research note on Friday, August 7th. Oppenheimer lowered Sezzle from an “outperform” rating to a “market perform” rating in a research report on Monday, June 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sezzle in a research note on Tuesday, August 4th. Finally, Needham & Company LLC reissued a “buy” rating and set a $172.00 price target on shares of Sezzle in a report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $146.50.
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.
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