Covestor Ltd Invests $38,000 in Sezzle Inc. (NASDAQ:SEZL)

Covestor Ltd bought a new position in Sezzle Inc. (NASDAQ:SEZL) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 221 shares of the company’s stock, valued at approximately $38,000.

Several other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. bought a new stake in shares of Sezzle in the 3rd quarter worth about $548,000. OmniStar Financial Group Inc. bought a new stake in shares of Sezzle in the 3rd quarter worth about $354,000. Creative Planning purchased a new position in Sezzle in the 3rd quarter worth about $383,000. SG Americas Securities LLC purchased a new position in Sezzle in the 3rd quarter worth about $165,000. Finally, Divisadero Street Capital Management LP purchased a new position in Sezzle in the 2nd quarter worth about $356,000. Institutional investors own 2.02% of the company’s stock.

Sezzle Trading Up 3.4 %

NASDAQ SEZL opened at $385.00 on Friday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.07 and a current ratio of 2.40. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 40.96 and a beta of 8.49. The company’s 50-day simple moving average is $201.95 and its two-hundred day simple moving average is $128.02. Sezzle Inc. has a one year low of $9.75 and a one year high of $454.16.

Insider Buying and Selling at Sezzle

In related news, Director Paul Martin Purcell sold 809 shares of Sezzle stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $180.21, for a total value of $145,789.89. Following the completion of the sale, the director now directly owns 101,641 shares in the company, valued at $18,316,724.61. This trade represents a 0.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Amin Sabzivand sold 1,500 shares of Sezzle stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $205.57, for a total transaction of $308,355.00. Following the completion of the sale, the chief operating officer now owns 46,860 shares of the company’s stock, valued at $9,633,010.20. This trade represents a 3.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 128,709 shares of company stock valued at $18,273,973. Company insiders own 57.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SEZL shares. B. Riley raised their price target on shares of Sezzle from $132.00 to $163.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Northland Securities raised their price target on shares of Sezzle from $185.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th.

About Sezzle

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.