Sezzle Inc. (NASDAQ:SEZL) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its holdings in shares of Sezzle Inc. (NASDAQ:SEZL) by 94.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 407 shares of the company’s stock after buying an additional 198 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Sezzle were worth $104,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in SEZL. Rhumbline Advisers boosted its position in Sezzle by 1.8% during the 4th quarter. Rhumbline Advisers now owns 2,556 shares of the company’s stock worth $654,000 after purchasing an additional 45 shares during the period. Plato Investment Management Ltd purchased a new stake in shares of Sezzle in the fourth quarter worth about $30,000. Meeder Asset Management Inc. acquired a new stake in shares of Sezzle in the fourth quarter valued at about $31,000. Federated Hermes Inc. grew its stake in shares of Sezzle by 3,575.0% in the fourth quarter. Federated Hermes Inc. now owns 147 shares of the company’s stock valued at $38,000 after buying an additional 143 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Sezzle by 6.7% during the 4th quarter. Alliancebernstein L.P. now owns 2,700 shares of the company’s stock valued at $691,000 after buying an additional 170 shares during the period. Institutional investors and hedge funds own 2.02% of the company’s stock.

Insider Buying and Selling

In other Sezzle news, Director Paul Paradis sold 18,000 shares of the firm’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $75.00, for a total transaction of $1,350,000.00. Following the completion of the transaction, the director now directly owns 315,000 shares of the company’s stock, valued at $23,625,000. This trade represents a 5.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 57.65% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, B. Riley reaffirmed a “buy” rating and issued a $62.83 price objective (up previously from $62.00) on shares of Sezzle in a research report on Wednesday, February 26th.

Sezzle Stock Performance

NASDAQ:SEZL opened at $74.77 on Friday. The firm has a 50-day moving average of $41.63 and a two-hundred day moving average of $46.33. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.40 and a quick ratio of 2.40. The stock has a market cap of $2.54 billion, a P/E ratio of 7.95 and a beta of 8.41. Sezzle Inc. has a 1-year low of $10.46 and a 1-year high of $81.83.

Sezzle (NASDAQ:SEZL) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.22. Sezzle had a return on equity of 101.18% and a net margin of 25.29%. The firm had revenue of $271.13 billion during the quarter, compared to the consensus estimate of $73.90 million. On average, research analysts expect that Sezzle Inc. will post 9.77 earnings per share for the current fiscal year.

Sezzle announced that its Board of Directors has authorized a stock buyback plan on Monday, March 10th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Sezzle Company 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.