Fortis Capital Advisors LLC Acquires Shares of 1,602 Sezzle Inc. $SEZL

Fortis Capital Advisors LLC acquired a new stake in shares of Sezzle Inc. (NASDAQ:SEZL) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,602 shares of the company’s stock, valued at approximately $287,000.

A number of other hedge funds have also bought and sold shares of SEZL. Vanguard Group Inc. increased its position in Sezzle by 497.6% during the first quarter. Vanguard Group Inc. now owns 1,013,698 shares of the company’s stock valued at $35,368,000 after acquiring an additional 844,084 shares during the last quarter. Driehaus Capital Management LLC increased its position in Sezzle by 497.8% during the first quarter. Driehaus Capital Management LLC now owns 327,276 shares of the company’s stock valued at $11,419,000 after acquiring an additional 272,530 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Sezzle by 1,068.2% during the first quarter. Goldman Sachs Group Inc. now owns 169,487 shares of the company’s stock valued at $5,913,000 after acquiring an additional 154,978 shares during the last quarter. Acadian Asset Management LLC increased its position in Sezzle by 719.1% during the first quarter. Acadian Asset Management LLC now owns 173,310 shares of the company’s stock valued at $6,040,000 after acquiring an additional 152,152 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. bought a new position in shares of Sezzle in the first quarter worth about $4,011,000. Institutional investors own 2.02% of the company’s stock.

Wall Street Analyst Weigh In

SEZL has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Sezzle from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Oppenheimer upped their price target on shares of Sezzle from $168.00 to $202.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Sezzle in a report on Saturday, September 27th. TD Cowen initiated coverage on shares of Sezzle in a report on Thursday, September 11th. They issued a “hold” rating and a $82.00 price target on the stock. Finally, B. Riley upped their price target on shares of Sezzle from $101.00 to $111.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $113.75.

Sezzle Stock Performance

SEZL stock opened at $85.53 on Friday. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 29.31 and a beta of 8.70. The firm has a 50-day simple moving average of $99.54 and a two-hundred day simple moving average of $97.41. Sezzle Inc. has a one year low of $23.82 and a one year high of $186.74. The company has a debt-to-equity ratio of 1.00, a quick ratio of 3.51 and a current ratio of 3.51.

Sezzle (NASDAQ:SEZL) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.58 by $0.11. The business had revenue of $60.31 million during the quarter, compared to analyst estimates of $93.33 million. Sezzle had a net margin of 28.13% and a return on equity of 102.90%. On average, equities analysts forecast that Sezzle Inc. will post 9.77 EPS for the current fiscal year.

Insider Activity at Sezzle

In related news, CFO Karen Hartje sold 5,484 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $168.02, for a total value of $921,421.68. Following the completion of the transaction, the chief financial officer directly owned 126,846 shares of the company’s stock, valued at $21,312,664.92. This trade represents a 4.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $274,860.00. Following the completion of the transaction, the director directly owned 242,000 shares of the company’s stock, valued at $22,172,040. The trade was a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,484 shares of company stock valued at $2,854,592 over the last ninety days. 49.49% of the stock is currently owned by insiders.

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.