Vanguard Group Inc. Invests $13.37 Million in Sezzle Inc. (NASDAQ:SEZL)

Vanguard Group Inc. purchased a new stake in Sezzle Inc. (NASDAQ:SEZL) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 158,233 shares of the company’s stock, valued at approximately $13,369,000. Vanguard Group Inc. owned approximately 2.79% of Sezzle as of its most recent SEC filing.

Separately, Tower Research Capital LLC TRC bought a new position in Sezzle in the 4th quarter valued at about $25,000. Hedge funds and other institutional investors own 2.02% of the company’s stock.

Sezzle Trading Up 6.9 %

SEZL opened at $126.47 on Wednesday. The company has a market cap of $708.23 million and a P/E ratio of 55.47. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 1.37. The company’s 50 day moving average is $86.52 and its 200-day moving average is $69.40. Sezzle Inc. has a 1-year low of $7.15 and a 1-year high of $127.00.

Insider Activity at Sezzle

In other news, Director Paul Paradis sold 1,645 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $78.56, for a total value of $129,231.20. Following the completion of the transaction, the director now directly owns 203,326 shares in the company, valued at approximately $15,973,290.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Paul Paradis sold 1,645 shares of the business’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $78.56, for a total transaction of $129,231.20. Following the sale, the director now owns 203,326 shares in the company, valued at approximately $15,973,290.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Justin Krause sold 2,000 shares of Sezzle stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $80.04, for a total value of $160,080.00. Following the sale, the senior vice president now directly owns 14,658 shares in the company, valued at $1,173,226.32. The disclosure for this sale can be found here. Insiders sold a total of 114,038 shares of company stock valued at $10,864,683 in the last quarter. Insiders own 57.65% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SEZL. Northland Securities began coverage on shares of Sezzle in a report on Tuesday, July 9th. They set an “outperform” rating and a $119.00 price target for the company. B. Riley initiated coverage on Sezzle in a research note on Wednesday, June 26th. They set a “buy” rating and a $113.00 target price for the company. Finally, Northland Capmk upgraded Sezzle to a “strong-buy” rating in a research note on Tuesday, July 9th.

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.