Millrace Asset Group Inc. Sells 16,173 Shares of Sezzle Inc. (NASDAQ:SEZL)

Millrace Asset Group Inc. reduced its holdings in Sezzle Inc. (NASDAQ:SEZL) by 82.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,469 shares of the company’s stock after selling 16,173 shares during the quarter. Millrace Asset Group Inc.’s holdings in Sezzle were worth $592,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Principal Financial Group Inc. bought a new position in Sezzle in the 3rd quarter worth $548,000. XTX Topco Ltd bought a new position in Sezzle in the second quarter worth about $544,000. Navellier & Associates Inc. bought a new stake in Sezzle during the 3rd quarter valued at approximately $1,217,000. Vanguard Group Inc. purchased a new position in shares of Sezzle in the 1st quarter valued at approximately $13,369,000. Finally, Divisadero Street Capital Management LP bought a new stake in shares of Sezzle during the second quarter valued at approximately $356,000. Hedge funds and other institutional investors own 2.02% of the company’s stock.

Insider Transactions at Sezzle

In related news, Director Kyle M. Brehm bought 106 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were bought at an average cost of $402.00 per share, with a total value of $42,612.00. Following the acquisition, the director now owns 3,608 shares in the company, valued at $1,450,416. This trade represents a 3.03 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul Martin Purcell sold 809 shares of Sezzle stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $180.21, for a total value of $145,789.89. Following the transaction, the director now owns 101,641 shares in the company, valued at $18,316,724.61. This trade represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 90,597 shares of company stock worth $14,724,538 over the last quarter. 57.65% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on SEZL shares. Northland Securities increased their price objective on Sezzle from $185.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. B. Riley upped their target price on shares of Sezzle from $132.00 to $163.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd.

Sezzle Trading Up 0.0 %

Shares of NASDAQ SEZL opened at $464.00 on Tuesday. The firm’s 50 day moving average price is $241.77 and its 200-day moving average price is $147.44. Sezzle Inc. has a 52-week low of $9.75 and a 52-week high of $477.52. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.40 and a current ratio of 2.40. The company has a market cap of $2.60 billion, a PE ratio of 49.36 and a beta of 8.49.

About Sezzle

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.