Arizona State Retirement System Makes New Investment in Sezzle Inc. (NASDAQ:SEZL)

Arizona State Retirement System bought a new position in shares of Sezzle Inc. (NASDAQ:SEZL) 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 %

Shares of SEZL stock opened at $232.51 on Friday. 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 stock has a market capitalization of $1.31 billion, a P/E ratio of 24.74 and a beta of 9.09. The company has a 50 day moving average price of $259.40 and a 200 day moving average price of $252.93. Sezzle Inc. has a fifty-two week low of $40.39 and a fifty-two week high of $477.52.

Sezzle (NASDAQ:SEZL) 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.

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.