Belpointe Asset Management LLC Buys Shares of 1,602 Sezzle Inc. $SEZL

Belpointe Asset Management LLC bought a new stake in Sezzle Inc. (NASDAQ:SEZL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,602 shares of the company’s stock, valued at approximately $287,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC acquired a new position in Sezzle in the 2nd quarter valued at about $33,000. CWM LLC boosted its holdings in Sezzle by 49,400.0% in the 1st quarter. CWM LLC now owns 990 shares of the company’s stock valued at $35,000 after purchasing an additional 988 shares during the last quarter. Sound Income Strategies LLC acquired a new position in Sezzle in the 2nd quarter valued at about $40,000. US Bancorp DE raised its stake in shares of Sezzle by 465.6% in the 1st quarter. US Bancorp DE now owns 1,578 shares of the company’s stock valued at $55,000 after acquiring an additional 1,299 shares during the period. Finally, Meeder Asset Management Inc. raised its stake in shares of Sezzle by 1,852.5% in the 1st quarter. Meeder Asset Management Inc. now owns 2,382 shares of the company’s stock valued at $83,000 after acquiring an additional 2,260 shares during the period. 2.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Sezzle

In other Sezzle news, Director Paul Paradis sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $91.62, for a total value of $274,860.00. Following the sale, the director directly owned 242,000 shares of the company’s stock, valued at approximately $22,172,040. This represents a 1.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Karen Hartje sold 5,484 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $85.00, for a total transaction of $466,140.00. Following the completion of the sale, the chief financial officer directly owned 116,053 shares in the company, valued at approximately $9,864,505. This represents a 4.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,484 shares of company stock worth $1,853,220. 49.49% of the stock is owned by insiders.

Sezzle Price Performance

Shares of SEZL opened at $77.35 on Friday. Sezzle Inc. has a fifty-two week low of $24.86 and a fifty-two week high of $186.74. The firm’s 50 day moving average price is $92.96 and its 200 day moving average price is $98.44. The company has a market cap of $2.63 billion, a P/E ratio of 26.50 and a beta of 8.70. The company has a quick ratio of 3.51, a current ratio of 3.51 and a debt-to-equity ratio of 1.00.

Sezzle (NASDAQ:SEZL) last announced its earnings results on Tuesday, November 19th. The company reported $0.21 earnings per share for the quarter. Sezzle had a net margin of 28.13% and a return on equity of 102.90%. The firm had revenue of $40.84 million for the quarter. On average, research analysts forecast that Sezzle Inc. will post 9.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Sezzle from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. B. Riley boosted their price target on shares of Sezzle from $101.00 to $111.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Oppenheimer boosted their price target on shares of Sezzle from $168.00 to $202.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Sezzle in a research note on Wednesday. Finally, TD Cowen assumed coverage on shares of Sezzle in a research note on Thursday, September 11th. They issued a “hold” rating and a $82.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sezzle currently has a consensus rating of “Moderate Buy” and an average price target of $113.75.

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.