Hussman Strategic Advisors Inc. acquired a new stake in Sezzle Inc. (NASDAQ:SEZL – Free Report) in the third quarter, HoldingsChannel.com reports. The fund acquired 37,800 shares of the company’s stock, valued at approximately $3,006,000.
Other institutional investors have also made changes to their positions in the company. CWM LLC boosted its position in Sezzle by 8.1% during the second quarter. CWM LLC now owns 1,070 shares of the company’s stock worth $192,000 after purchasing an additional 80 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in shares of Sezzle by 8.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,508 shares of the company’s stock worth $270,000 after buying an additional 122 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Sezzle in the 2nd quarter valued at about $29,000. Spire Wealth Management bought a new position in Sezzle in the 2nd quarter valued at about $32,000. Finally, Farther Finance Advisors LLC acquired a new stake in Sezzle during the second quarter worth approximately $33,000. 2.02% of the stock is owned by institutional investors and hedge funds.
Sezzle Stock Performance
SEZL opened at $67.84 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.52 and a current ratio of 3.52. Sezzle Inc. has a 52-week low of $24.86 and a 52-week high of $186.74. The firm has a market cap of $2.32 billion, a P/E ratio of 20.99 and a beta of 8.69. The business’s fifty day moving average is $67.45 and its 200-day moving average is $84.18.
Insider Buying and Selling at Sezzle
In other news, Director Kyle M. Brehm purchased 1,217 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was bought at an average price of $57.50 per share, with a total value of $69,977.50. Following the acquisition, the director owned 24,129 shares in the company, valued at approximately $1,387,417.50. The trade was a 5.31% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 49.49% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sezzle in a research report on Monday, December 29th. Wall Street Zen cut Sezzle from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. UBS Group set a $110.00 target price on shares of Sezzle in a research report on Thursday, November 6th. Finally, TD Cowen lowered their price target on shares of Sezzle from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Thursday, January 8th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $126.25.
Read Our Latest Analysis on SEZL
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.
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