Sezzle Inc. (NASDAQ:SEZL) Short Interest Up 26.8% in December

Sezzle Inc. (NASDAQ:SEZL) saw a significant growth in short interest in December. As of December 15th, there was short interest totaling 5,343,794 shares, a growth of 26.8% from the November 30th total of 4,214,456 shares. Currently, 31.0% of the shares of the stock are sold short. Based on an average daily volume of 1,153,192 shares, the days-to-cover ratio is currently 4.6 days. Based on an average daily volume of 1,153,192 shares, the days-to-cover ratio is currently 4.6 days. Currently, 31.0% of the shares of the stock are sold short.

Insider Buying and Selling

In other news, CFO Karen Hartje sold 5,484 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $85.00, for a total value of $466,140.00. Following the sale, the chief financial officer directly owned 116,053 shares in the company, valued at approximately $9,864,505. This represents a 4.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Kyle M. Brehm bought 1,217 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was bought 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 represents a 5.31% increase in their position. The SEC filing for this purchase provides additional information. 49.49% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sezzle

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Invesco Ltd. raised its position in shares of Sezzle by 471.1% during the first quarter. Invesco Ltd. now owns 7,133 shares of the company’s stock worth $249,000 after acquiring an additional 5,884 shares during the last quarter. MetLife Investment Management LLC increased its position in Sezzle by 485.5% in the first quarter. MetLife Investment Management LLC now owns 8,466 shares of the company’s stock worth $295,000 after purchasing an additional 7,020 shares during the period. Corebridge Financial Inc. raised its holdings in Sezzle by 490.7% during the 1st quarter. Corebridge Financial Inc. now owns 6,834 shares of the company’s stock worth $238,000 after purchasing an additional 5,677 shares during the last quarter. Trexquant Investment LP lifted its position in Sezzle by 763.7% during the 1st quarter. Trexquant Investment LP now owns 39,836 shares of the company’s stock valued at $1,390,000 after purchasing an additional 35,224 shares during the period. Finally, Vident Advisory LLC bought a new position in shares of Sezzle in the 1st quarter valued at about $762,000. 2.02% of the stock is owned by institutional investors and hedge funds.

Sezzle Trading Down 4.5%

SEZL opened at $65.01 on Wednesday. Sezzle has a 1-year low of $24.86 and a 1-year high of $186.74. The stock has a market capitalization of $2.22 billion, a PE ratio of 20.12 and a beta of 8.68. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average price of $64.78 and a two-hundred day moving average price of $96.79.

Sezzle (NASDAQ:SEZL) last announced its earnings results on Tuesday, November 19th. The company reported $0.21 earnings per share (EPS) for the quarter. The company had revenue of $40.84 million for the quarter. Sezzle had a net margin of 27.66% and a return on equity of 90.06%. As a group, equities analysts anticipate that Sezzle will post 9.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Wall Street Zen downgraded shares of Sezzle from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. TD Cowen assumed coverage on shares of Sezzle in a research report on Thursday, September 11th. They issued a “hold” rating and a $82.00 price target on the stock. UBS Group set a $110.00 price objective on shares of Sezzle in a research note on Thursday, November 6th. Cowen started coverage on shares of Sezzle in a research note on Thursday, September 11th. They issued a “hold” rating for the company. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Sezzle in a research report on Monday. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Sezzle presently has an average rating of “Hold” and an average target price of $126.25.

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.