Sezzle Inc. $SEZL Shares Acquired by Hazlett Burt & Watson Inc.

Hazlett Burt & Watson Inc. grew its position in Sezzle Inc. (NASDAQ:SEZL) by 190.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 557 shares of the company’s stock after buying an additional 365 shares during the quarter. Hazlett Burt & Watson Inc.’s holdings in Sezzle were worth $100,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. CWM LLC grew its stake in shares of Sezzle by 8.1% in the second quarter. CWM LLC now owns 1,070 shares of the company’s stock valued at $192,000 after buying an additional 80 shares in the last quarter. KLP Kapitalforvaltning AS grew its stake in shares of Sezzle by 20.0% in the second quarter. KLP Kapitalforvaltning AS now owns 3,600 shares of the company’s stock valued at $645,000 after buying an additional 600 shares in the last quarter. Belpointe Asset Management LLC acquired a new stake in shares of Sezzle in the second quarter valued at $287,000. Fortis Capital Advisors LLC acquired a new stake in shares of Sezzle in the second quarter valued at $287,000. Finally, EWA LLC acquired a new stake in shares of Sezzle in the second quarter valued at $235,000. 2.02% of the stock is owned by institutional investors and hedge funds.

Sezzle Trading Down 0.4%

NASDAQ:SEZL opened at $77.01 on Tuesday. The stock has a 50-day simple moving average of $91.36 and a 200-day simple moving average of $99.57. The stock has a market cap of $2.62 billion, a P/E ratio of 26.39 and a beta of 8.70. Sezzle Inc. has a 1 year low of $24.86 and a 1 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 data on Tuesday, November 19th. The company reported $0.21 earnings per share (EPS) for the quarter. The business had revenue of $40.84 million during the quarter. Sezzle had a return on equity of 102.90% and a net margin of 28.13%. As a group, analysts anticipate that Sezzle Inc. will post 9.77 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Karen Hartje sold 5,484 shares of the company’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $85.00, for a total transaction of $466,140.00. Following the completion of the transaction, the chief financial officer directly owned 116,053 shares of the company’s stock, valued at approximately $9,864,505. This represents a 4.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Paul Paradis sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $91.62, for a total value of $274,860.00. Following the transaction, 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 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 valued at $1,853,220. Insiders own 49.49% of the company’s stock.

Analyst Upgrades and Downgrades

SEZL has been the subject of a number of research reports. TD Cowen began coverage on Sezzle in a research note on Thursday, September 11th. They issued a “hold” rating and a $82.00 price objective for the company. Cowen began coverage on Sezzle in a report on Thursday, September 11th. They issued a “hold” rating for the company. Oppenheimer lifted their target price on Sezzle from $168.00 to $202.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. B. Riley lifted their target price on Sezzle from $101.00 to $111.00 and gave the company a “buy” rating in a report on Monday, August 11th. Finally, Wall Street Zen lowered Sezzle from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.