Navellier & Associates Inc. Purchases 1,531 Shares of Sezzle Inc. (NASDAQ:SEZL)

Navellier & Associates Inc. grew its position in Sezzle Inc. (NASDAQ:SEZL) by 21.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,667 shares of the company’s stock after acquiring an additional 1,531 shares during the quarter. Navellier & Associates Inc. owned 0.15% of Sezzle worth $2,217,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. lifted its position in shares of Sezzle by 11.6% in the 4th quarter. Principal Financial Group Inc. now owns 3,588 shares of the company’s stock worth $918,000 after acquiring an additional 373 shares during the period. Principal Securities Inc. bought a new stake in shares of Sezzle in the 4th quarter worth approximately $84,000. Rhumbline Advisers lifted its position in shares of Sezzle by 1.8% in the 4th quarter. Rhumbline Advisers now owns 2,556 shares of the company’s stock worth $654,000 after acquiring an additional 45 shares during the period. Calamos Advisors LLC bought a new position in shares of Sezzle during the 4th quarter worth approximately $2,423,000. Finally, SG Americas Securities LLC lifted its position in shares of Sezzle by 22.2% during the 4th quarter. SG Americas Securities LLC now owns 1,184 shares of the company’s stock worth $303,000 after buying an additional 215 shares during the period. Institutional investors own 2.02% of the company’s stock.

Insider Activity at Sezzle

In other Sezzle news, Director Kyle M. Brehm purchased 110 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average cost of $360.00 per share, with a total value of $39,600.00. Following the acquisition, the director now directly owns 3,718 shares of the company’s stock, valued at approximately $1,338,480. This trade represents a 3.05 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Paul Martin Purcell sold 2,401 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $465.72, for a total value of $1,118,193.72. Following the sale, the director now directly owns 58,275 shares of the company’s stock, valued at $27,139,833. This represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 57.65% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on SEZL. B. Riley restated a “buy” rating and set a $372.00 target price (up previously from $353.00) on shares of Sezzle in a research report on Thursday, December 19th. Northland Securities raised their target price on Sezzle from $300.00 to $360.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th.

Sezzle Price Performance

Sezzle stock opened at $286.65 on Friday. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.40 and a quick ratio of 2.40. The company has a market capitalization of $1.61 billion, a PE ratio of 30.49 and a beta of 9.56. Sezzle Inc. has a one year low of $38.22 and a one year high of $477.52. The business has a 50 day simple moving average of $263.81 and a 200 day simple moving average of $236.20.

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.