Arizona State Retirement System bought a new position in shares of Sezzle Inc. (NASDAQ:SEZL – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 809 shares of the company’s stock, valued at approximately $207,000.
Other institutional investors also recently bought and sold shares of the company. Rhumbline Advisers raised its stake in shares of Sezzle by 1.8% in the 4th quarter. Rhumbline Advisers now owns 2,556 shares of the company’s stock valued at $654,000 after acquiring an additional 45 shares during the period. Plato Investment Management Ltd purchased a new stake in shares of Sezzle in the 4th quarter valued at approximately $30,000. SG Americas Securities LLC raised its stake in shares of Sezzle by 22.2% in the 4th quarter. SG Americas Securities LLC now owns 1,184 shares of the company’s stock valued at $303,000 after acquiring an additional 215 shares during the period. Covestor Ltd purchased a new stake in shares of Sezzle in the 3rd quarter valued at approximately $38,000. Finally, Modus Advisors LLC purchased a new stake in shares of Sezzle in the 4th quarter valued at approximately $80,000. 2.02% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Sezzle news, CFO Karen Hartje sold 3,457 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $316.32, for a total transaction of $1,093,518.24. Following the completion of the transaction, the chief financial officer now owns 35,121 shares in the company, valued at $11,109,474.72. The trade was a 8.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 57.65% of the stock is currently owned by company insiders.
Sezzle Trading Up 7.0 %
Sezzle (NASDAQ:SEZL – Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $4.39 earnings per share for the quarter, beating analysts’ consensus estimates of $3.08 by $1.31. Sezzle had a net margin of 25.29% and a return on equity of 101.18%. The firm had revenue of $271.13 billion during the quarter, compared to analysts’ expectations of $73.90 million. Equities research analysts predict that Sezzle Inc. will post 9.77 EPS for the current fiscal year.
Sezzle declared that its board has approved a stock repurchase program on Monday, March 10th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to reacquire up to 4.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on SEZL shares. Northland Securities boosted their price target on shares of Sezzle from $300.00 to $360.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. B. Riley restated a “buy” rating and issued a $377.00 price objective (up previously from $372.00) on shares of Sezzle in a report on Wednesday, February 26th.
Get Our Latest Stock Report on SEZL
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.
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