Mercer Global Advisors Inc. ADV Invests $1.13 Million in Sezzle Inc. (NASDAQ:SEZL)

Mercer Global Advisors Inc. ADV acquired a new stake in shares of Sezzle Inc. (NASDAQ:SEZL) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,428 shares of the company’s stock, valued at approximately $1,133,000. Mercer Global Advisors Inc. ADV owned about 0.08% of Sezzle as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of SEZL. Plato Investment Management Ltd purchased a new stake in shares of Sezzle during the fourth quarter valued at approximately $30,000. Meeder Asset Management Inc. bought a new position in Sezzle in the 4th quarter valued at approximately $31,000. Federated Hermes Inc. boosted its stake in Sezzle by 3,575.0% during the 4th quarter. Federated Hermes Inc. now owns 147 shares of the company’s stock valued at $38,000 after purchasing an additional 143 shares during the last quarter. Principal Securities Inc. bought a new stake in shares of Sezzle in the 4th quarter worth $84,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Sezzle by 94.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 407 shares of the company’s stock worth $104,000 after purchasing an additional 198 shares during the last quarter. 2.02% of the stock is currently owned by institutional investors.

Sezzle Trading Up 16.5 %

NASDAQ:SEZL opened at $87.35 on Friday. The company has a market cap of $2.97 billion, a PE ratio of 9.29 and a beta of 8.41. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54. The company has a 50 day simple moving average of $42.50 and a two-hundred day simple moving average of $46.71. Sezzle Inc. has a 12 month low of $10.69 and a 12 month high of $88.28.

Sezzle (NASDAQ:SEZL) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.51 by $0.22. Sezzle had a return on equity of 101.18% and a net margin of 25.29%. The company had revenue of $271.13 billion during the quarter, compared to analyst estimates of $73.90 million. Research analysts forecast that Sezzle Inc. will post 9.77 earnings per share for the current year.

Sezzle announced that its Board of Directors has initiated a share repurchase plan on Monday, March 10th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the company to reacquire up to 4.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Separately, B. Riley reiterated a “buy” rating and issued a $62.83 price objective (up from $62.00) on shares of Sezzle in a report on Wednesday, February 26th.

Insider Activity

In other Sezzle news, Director Paul Paradis sold 18,000 shares of the company’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $75.00, for a total transaction of $1,350,000.00. Following the completion of the sale, the director now directly owns 315,000 shares of the company’s stock, valued at approximately $23,625,000. This represents a 5.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 57.65% of the company’s stock.

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.