FORA Capital LLC Buys New Position in Sezzle Inc. $SEZL

FORA Capital LLC purchased a new position in shares of Sezzle Inc. (NASDAQ:SEZL) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 14,912 shares of the company’s stock, valued at approximately $2,673,000.

Several other large investors also recently bought and sold shares of SEZL. Cetera Investment Advisers raised its stake in shares of Sezzle by 316.9% during the first quarter. Cetera Investment Advisers now owns 6,570 shares of the company’s stock valued at $229,000 after purchasing an additional 4,994 shares during the period. US Bancorp DE grew its holdings in Sezzle by 465.6% during the 1st quarter. US Bancorp DE now owns 1,578 shares of the company’s stock valued at $55,000 after purchasing an additional 1,299 shares in the last quarter. Vanguard Group Inc. grew its holdings in Sezzle by 497.6% during the 1st quarter. Vanguard Group Inc. now owns 1,013,698 shares of the company’s stock valued at $35,368,000 after purchasing an additional 844,084 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Sezzle by 483.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 120,661 shares of the company’s stock worth $4,210,000 after buying an additional 99,964 shares during the period. Finally, Deutsche Bank AG lifted its holdings in Sezzle by 469.0% in the 1st quarter. Deutsche Bank AG now owns 11,886 shares of the company’s stock worth $415,000 after buying an additional 9,797 shares in the last quarter. Institutional investors and hedge funds own 2.02% of the company’s stock.

Sezzle Stock Performance

SEZL stock opened at $70.35 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.52 and a current ratio of 3.52. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 21.77 and a beta of 8.68. Sezzle Inc. has a 1 year low of $24.86 and a 1 year high of $186.74. The stock’s fifty day moving average is $66.59 and its two-hundred day moving average is $101.25.

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

Insider Activity

In other Sezzle news, Director Kyle M. Brehm acquired 1,217 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was acquired at an average cost of $57.50 per share, with a total value of $69,977.50. Following the acquisition, the director directly owned 24,129 shares of the company’s stock, valued at $1,387,417.50. This represents a 5.31% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Karen Hartje sold 5,484 shares of the firm’s stock in a transaction that occurred 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 owned 116,053 shares in the company, valued at approximately $9,864,505. This represents a 4.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 49.49% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SEZL shares. Cowen started 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 objective on Sezzle in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sezzle in a research report on Monday, December 8th. TD Cowen began coverage on shares of Sezzle in a research report on Thursday, September 11th. They set a “hold” rating and a $82.00 price target for the company. Finally, Wall Street Zen downgraded shares of Sezzle from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.00.

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.