Madison Asset Management LLC lifted its position in shares of Sezzle Inc. (NASDAQ:SEZL – Free Report) by 101.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 62,838 shares of the company’s stock after purchasing an additional 31,673 shares during the period. Madison Asset Management LLC’s holdings in Sezzle were worth $3,977,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in Sezzle by 41.6% in the first quarter. Dimensional Fund Advisors LP now owns 458,222 shares of the company’s stock valued at $28,996,000 after buying an additional 134,714 shares in the last quarter. Independent Financial Group LLC acquired a new position in shares of Sezzle during the 1st quarter worth about $203,000. Illinois Municipal Retirement Fund purchased a new position in shares of Sezzle in the 1st quarter valued at about $579,000. Principal Financial Group Inc. increased its holdings in shares of Sezzle by 41.6% in the 1st quarter. Principal Financial Group Inc. now owns 247,407 shares of the company’s stock valued at $15,658,000 after acquiring an additional 72,626 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Sezzle by 35,840.0% during the 1st quarter. Fifth Third Bancorp now owns 3,594 shares of the company’s stock worth $227,000 after acquiring an additional 3,584 shares in the last quarter. Hedge funds and other institutional investors own 2.02% of the company’s stock.
Sezzle Stock Up 4.4%
Sezzle stock opened at $179.35 on Wednesday. Sezzle Inc. has a fifty-two week low of $49.50 and a fifty-two week high of $195.71. The company has a debt-to-equity ratio of 0.73, a quick ratio of 3.65 and a current ratio of 3.65. The company has a market capitalization of $6.03 billion, a P/E ratio of 42.60 and a beta of 6.70. The stock has a 50-day simple moving average of $143.52 and a 200-day simple moving average of $96.51.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on SEZL shares. Zacks Research upgraded Sezzle from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. Weiss Ratings upgraded shares of Sezzle from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Northland Securities set a $170.00 price objective on shares of Sezzle in a report on Thursday, June 25th. Oppenheimer downgraded shares of Sezzle from an “outperform” rating to a “market perform” rating in a research report on Monday, June 29th. Finally, Freedom Capital upgraded shares of Sezzle to a “hold” rating in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Sezzle currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.33.
Read Our Latest Report on SEZL
Insider Transactions at Sezzle
In other news, CFO Lee Dickson Brading sold 10,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $178.23, for a total value of $1,782,300.00. Following the completion of the sale, the chief financial officer directly owned 296,931 shares of the company’s stock, valued at approximately $52,922,012.13. This represents a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Amin Sabzivand sold 6,930 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $179.91, for a total transaction of $1,246,776.30. Following the transaction, the chief operating officer owned 259,780 shares in the company, valued at approximately $46,737,019.80. This trade represents a 2.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 124,382 shares of company stock worth $17,416,662 in the last three months. Corporate insiders own 49.49% of the company’s stock.
Sezzle Profile
Sezzle Inc is a financial technology company specializing in buy now, pay later (BNPL) services that enable consumers to split purchases into interest-free installment payments. By integrating its platform with e-commerce merchants, Sezzle provides shoppers with flexible payment options at checkout while merchants benefit from increased conversion rates and average order values. The company’s technology is designed to offer a seamless user experience, with instant approval decisions and no hidden fees, positions it as a consumer-friendly alternative to traditional credit products.
Founded in 2016 and headquartered in Minneapolis, Minnesota, Sezzle completed its initial public offering on the Nasdaq under the ticker SEZL.
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