Divisadero Street Capital Management LP Sells 400,294 Shares of Sezzle Inc. $SEZL

Divisadero Street Capital Management LP trimmed its stake in Sezzle Inc. (NASDAQ:SEZL) by 30.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 907,488 shares of the company’s stock after selling 400,294 shares during the quarter. Sezzle accounts for 10.4% of Divisadero Street Capital Management LP’s portfolio, making the stock its largest position. Divisadero Street Capital Management LP owned about 2.67% of Sezzle worth $162,667,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Sezzle by 497.6% in the 1st quarter. Vanguard Group Inc. now owns 1,013,698 shares of the company’s stock valued at $35,368,000 after buying an additional 844,084 shares during the period. Geode Capital Management LLC boosted its stake in shares of Sezzle by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 439,799 shares of the company’s stock valued at $78,842,000 after buying an additional 7,067 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of Sezzle during the 2nd quarter valued at $71,770,000. Driehaus Capital Management LLC increased its stake in shares of Sezzle by 497.8% in the first quarter. Driehaus Capital Management LLC now owns 327,276 shares of the company’s stock worth $11,419,000 after acquiring an additional 272,530 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Sezzle by 300.6% in the second quarter. First Trust Advisors LP now owns 188,189 shares of the company’s stock worth $33,733,000 after acquiring an additional 141,209 shares during the last quarter. 2.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SEZL. Weiss Ratings reissued a “hold (c)” rating on shares of Sezzle in a research report on Tuesday, November 25th. Cowen assumed coverage on Sezzle in a research note on Thursday, September 11th. They set a “hold” rating for the company. UBS Group set a $110.00 price target on Sezzle in a report on Thursday, November 6th. B. Riley boosted their price target on Sezzle from $101.00 to $111.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Finally, Wall Street Zen lowered shares of Sezzle from a “buy” rating to a “hold” rating in a research report on Saturday. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Sezzle has a consensus rating of “Moderate Buy” and an average target price of $113.00.

Insider Buying and Selling

In other news, CFO Karen Hartje sold 5,484 shares of the business’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $85.00, for a total value of $466,140.00. Following the completion of the sale, the chief financial officer directly owned 116,053 shares in the company, valued at approximately $9,864,505. The trade was a 4.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kyle M. Brehm acquired 1,217 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were purchased at an average cost of $57.50 per share, with a total value of $69,977.50. Following the completion of the acquisition, the director owned 24,129 shares in the company, valued at $1,387,417.50. This trade represents a 5.31% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 49.49% of the company’s stock.

Sezzle Price Performance

Shares of NASDAQ:SEZL opened at $68.39 on Monday. The stock has a market capitalization of $2.34 billion, a P/E ratio of 21.16 and a beta of 8.68. The business has a 50-day moving average of $67.71 and a two-hundred day moving average of $102.45. Sezzle Inc. has a fifty-two week low of $24.86 and a fifty-two week high of $186.74. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.52 and a quick ratio of 3.52.

Sezzle (NASDAQ:SEZL) last issued its quarterly earnings data on Tuesday, November 19th. The company reported $0.21 EPS for the quarter. Sezzle had a return on equity of 90.06% and a net margin of 27.66%.The business had revenue of $40.84 million for the quarter. On average, equities research analysts predict that Sezzle Inc. will post 9.77 EPS for the current fiscal year.

Sezzle 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.