Prosperity Wealth Management Inc. Buys New Position in Sezzle Inc. (NASDAQ:SEZL)

Prosperity Wealth Management Inc. bought a new stake in shares of Sezzle Inc. (NASDAQ:SEZL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,135 shares of the company’s stock, valued at approximately $290,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. State Street Corp boosted its stake in Sezzle by 3.5% during the 3rd quarter. State Street Corp now owns 49,362 shares of the company’s stock valued at $8,421,000 after purchasing an additional 1,683 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Sezzle by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,697 shares of the company’s stock valued at $5,294,000 after purchasing an additional 334 shares during the period. Calamos Advisors LLC bought a new stake in Sezzle during the 4th quarter valued at approximately $2,423,000. Navellier & Associates Inc. boosted its stake in Sezzle by 21.5% during the 4th quarter. Navellier & Associates Inc. now owns 8,667 shares of the company’s stock valued at $2,217,000 after purchasing an additional 1,531 shares during the period. Finally, Independent Advisor Alliance bought a new stake in Sezzle during the 4th quarter valued at approximately $1,872,000. Institutional investors own 2.02% of the company’s stock.

Insider Transactions at Sezzle

In other news, CFO Karen Hartje sold 3,457 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $316.32, for a total value of $1,093,518.24. Following the completion of the transaction, the chief financial officer now directly owns 35,121 shares of the company’s stock, valued at approximately $11,109,474.72. This represents a 8.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 57.65% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on SEZL. Northland Securities upped their price target on Sezzle from $300.00 to $360.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. B. Riley reaffirmed a “buy” rating and issued a $377.00 price target (up previously from $372.00) on shares of Sezzle in a report on Wednesday, February 26th.

Sezzle Trading Up 7.6 %

Sezzle stock opened at $237.34 on Thursday. The business has a 50 day moving average price of $261.43 and a two-hundred day moving average price of $251.56. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 25.25 and a beta of 9.09. Sezzle Inc. has a 12 month low of $40.39 and a 12 month high of $477.52.

Sezzle (NASDAQ:SEZL) last issued its earnings results on Tuesday, February 25th. The company reported $4.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $1.31. Sezzle had a return on equity of 101.18% and a net margin of 25.29%. The business had revenue of $271.13 billion during the quarter, compared to analysts’ expectations of $73.90 million. As a group, equities analysts forecast that Sezzle Inc. will post 9.77 EPS for the current year.

Sezzle declared that its Board of Directors has initiated a share buyback program on Monday, March 10th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to purchase up to 4.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

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.