AlphaQuest LLC Invests $1.27 Million in Sezzle Inc. $SEZL

AlphaQuest LLC bought a new position in Sezzle Inc. (NASDAQ:SEZL) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 36,474 shares of the company’s stock, valued at approximately $1,273,000.

Several other hedge funds and other institutional investors also recently modified their holdings of SEZL. CWM LLC increased its position in shares of Sezzle by 49,400.0% in the 1st quarter. CWM LLC now owns 990 shares of the company’s stock worth $35,000 after purchasing an additional 988 shares during the last quarter. US Bancorp DE increased its position in shares of Sezzle by 465.6% in the 1st quarter. US Bancorp DE now owns 1,578 shares of the company’s stock worth $55,000 after purchasing an additional 1,299 shares during the last quarter. Meeder Asset Management Inc. grew its position in shares of Sezzle by 1,852.5% during the 1st quarter. Meeder Asset Management Inc. now owns 2,382 shares of the company’s stock valued at $83,000 after buying an additional 2,260 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Sezzle by 94.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 407 shares of the company’s stock valued at $104,000 after buying an additional 198 shares during the last quarter. Finally, KLP Kapitalforvaltning AS grew its position in shares of Sezzle by 500.0% during the 1st quarter. KLP Kapitalforvaltning AS now owns 3,000 shares of the company’s stock valued at $105,000 after buying an additional 2,500 shares during the last quarter. Institutional investors own 2.02% of the company’s stock.

Sezzle Trading Up 8.0%

Sezzle stock opened at $95.67 on Friday. The company has a quick ratio of 3.51, a current ratio of 3.51 and a debt-to-equity ratio of 1.00. The firm has a 50-day moving average price of $138.23 and a two-hundred day moving average price of $88.45. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 32.78 and a beta of 9.09. Sezzle Inc. has a 52-week low of $19.89 and a 52-week high of $186.74.

Sezzle (NASDAQ:SEZL) last posted its earnings results on Thursday, August 7th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.11. The firm 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%. Sell-side analysts expect that Sezzle Inc. will post 9.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SEZL. Wall Street Zen downgraded shares of Sezzle from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. B. Riley boosted their price objective on shares of Sezzle from $101.00 to $111.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Finally, Oppenheimer boosted their price objective on shares of Sezzle from $168.00 to $202.00 and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Sezzle currently has an average rating of “Buy” and an average price target of $124.33.

Insider Buying and Selling at Sezzle

In other Sezzle news, Director Paul Paradis sold 3,000 shares of the business’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $176.08, for a total transaction of $528,240.00. Following the completion of the transaction, the director directly owned 263,000 shares of the company’s stock, valued at $46,309,040. The trade was a 1.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Karen Hartje sold 5,484 shares of the business’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $168.02, for a total transaction of $921,421.68. Following the transaction, the chief financial officer directly owned 126,846 shares of the company’s stock, valued at $21,312,664.92. The trade was a 4.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 81,550 shares of company stock valued at $11,863,154 in the last ninety days. Company insiders own 49.49% of the company’s stock.

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.