Freedom Investment Management Inc. Buys Shares of 2,590 Sezzle Inc. $SEZL

Freedom Investment Management Inc. bought a new stake in shares of Sezzle Inc. (NASDAQ:SEZL) during the 2nd quarter, HoldingsChannel reports. The firm bought 2,590 shares of the company’s stock, valued at approximately $464,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in shares of Sezzle by 518.0% in the 1st quarter. Bank of New York Mellon Corp now owns 38,960 shares of the company’s stock worth $1,359,000 after buying an additional 32,656 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Sezzle by 649.1% in the 1st quarter. Rhumbline Advisers now owns 19,146 shares of the company’s stock worth $668,000 after buying an additional 16,590 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in shares of Sezzle by 937.0% in the 1st quarter. Allianz Asset Management GmbH now owns 15,420 shares of the company’s stock worth $538,000 after buying an additional 13,933 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Sezzle in the 1st quarter worth $747,000. Finally, Corebridge Financial Inc. boosted its stake in shares of Sezzle by 490.7% in the 1st quarter. Corebridge Financial Inc. now owns 6,834 shares of the company’s stock worth $238,000 after buying an additional 5,677 shares during the last quarter. 2.02% of the stock is currently owned by hedge funds and other institutional investors.

Sezzle Price Performance

Shares of Sezzle stock opened at $76.96 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 3.51 and a current ratio of 3.51. The stock’s fifty day moving average is $85.51 and its 200 day moving average is $101.82. The stock has a market cap of $2.62 billion, a P/E ratio of 26.37 and a beta of 8.70. Sezzle Inc. has a one year low of $24.86 and a one year high of $186.74.

Sezzle (NASDAQ:SEZL) last posted its quarterly earnings results on Tuesday, November 19th. The company reported $0.21 EPS for the quarter. The business had revenue of $40.84 million for the quarter. Sezzle had a return on equity of 102.90% and a net margin of 28.13%. Sell-side analysts anticipate that Sezzle Inc. will post 9.77 earnings per share for the current year.

Analysts Set New Price Targets

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

Insider Transactions at Sezzle

In other Sezzle news, Director Paul Paradis sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $91.62, for a total transaction of $274,860.00. Following the sale, the director directly owned 242,000 shares of the company’s stock, valued at $22,172,040. This trade represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Karen Hartje sold 5,484 shares of the firm’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $85.00, for a total value of $466,140.00. Following 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 three months, insiders have sold 14,484 shares of company stock worth $1,447,200. Insiders own 49.49% of the company’s stock.

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.