Bryce Point Capital LLC Makes New Investment in Sezzle Inc. (NASDAQ:SEZL)

Bryce Point Capital LLC bought a new stake in Sezzle Inc. (NASDAQ:SEZL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,844 shares of the company’s stock, valued at approximately $727,000.

A number of other hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in Sezzle by 191.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 20,363 shares of the company’s stock worth $3,474,000 after buying an additional 13,383 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of Sezzle by 129.2% during the third quarter. MetLife Investment Management LLC now owns 1,446 shares of the company’s stock worth $247,000 after purchasing an additional 815 shares during the period. Verition Fund Management LLC bought a new stake in shares of Sezzle in the third quarter worth $274,000. State Street Corp increased its holdings in Sezzle by 3.5% in the third 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. Finally, Jane Street Group LLC bought a new position in Sezzle during the 3rd quarter worth $292,000. 2.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SEZL has been the topic of a number of recent analyst reports. Northland Securities lifted their price objective on Sezzle from $50.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. B. Riley reaffirmed a “buy” rating and issued a $62.83 price objective (up from $62.00) on shares of Sezzle in a research note on Wednesday, February 26th.

Insider Activity at Sezzle

In other Sezzle news, CFO Karen Hartje sold 20,742 shares of Sezzle stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $52.72, for a total transaction of $1,093,518.24. Following the completion of the transaction, the chief financial officer now owns 210,726 shares in the company, valued at approximately $11,109,474.72. The trade was a 8.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 57.65% of the stock is currently owned by insiders.

Sezzle Stock Up 2.3 %

Shares of NASDAQ:SEZL opened at $37.19 on Thursday. Sezzle Inc. has a 1 year low of $6.73 and a 1 year high of $79.59. 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 business’s 50-day moving average is $42.69 and its 200-day moving average is $43.56. The company has a market capitalization of $209.83 million, a price-to-earnings ratio of 3.96 and a beta of 9.09.

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

Sezzle announced that its Board of Directors has initiated a stock buyback program on Monday, March 10th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to reacquire up to 4.3% of its stock through open market purchases. Stock buyback programs are usually a sign 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.