Charles Schwab Investment Management Inc. Boosts Stock Position in Sezzle Inc. (NASDAQ:SEZL)

Charles Schwab Investment Management Inc. increased its position in Sezzle Inc. (NASDAQ:SEZL) by 1.6% in the 4th quarter, HoldingsChannel reports. The fund owned 20,697 shares of the company’s stock after buying an additional 334 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Sezzle were worth $5,294,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Calamos Advisors LLC bought a new stake in Sezzle during the 4th quarter valued at approximately $2,423,000. Principal Financial Group Inc. bought a new position in shares of Sezzle during the third quarter worth $548,000. JPMorgan Chase & Co. grew its stake in Sezzle by 295.9% during the third quarter. JPMorgan Chase & Co. now owns 3,979 shares of the company’s stock valued at $679,000 after acquiring an additional 2,974 shares in the last quarter. Barclays PLC lifted its stake in Sezzle by 125.4% in the 3rd quarter. Barclays PLC now owns 4,515 shares of the company’s stock worth $771,000 after purchasing an additional 2,512 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Sezzle during the 3rd quarter valued at about $292,000. Institutional investors own 2.02% of the company’s stock.

Insider Activity at Sezzle

In other news, CFO Karen Hartje sold 3,457 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $316.32, for a total value of $1,093,518.24. Following the completion of the sale, the chief financial officer now directly owns 35,121 shares in the company, valued at $11,109,474.72. This represents a 8.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 57.65% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SEZL. B. Riley restated a “buy” rating and issued a $377.00 price target (up previously from $372.00) on shares of Sezzle in a research report on Wednesday, February 26th. Northland Securities boosted their price objective on Sezzle from $300.00 to $360.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th.

Sezzle Stock Performance

Shares of SEZL stock opened at $250.49 on Wednesday. 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 business has a fifty day moving average of $258.27 and a 200 day moving average of $258.86. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 26.65 and a beta of 9.09. Sezzle Inc. has a 1 year low of $40.39 and a 1 year high of $477.53.

Sezzle (NASDAQ:SEZL) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $4.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $1.31. The business had revenue of $271.13 billion during the quarter, compared to analysts’ expectations of $73.90 million. Sezzle had a return on equity of 101.18% and a net margin of 25.29%. As a group, research analysts expect that Sezzle Inc. will post 9.77 earnings per share for the current year.

Sezzle announced that its board has authorized a stock buyback plan on Monday, March 10th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to buy up to 4.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board 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.