Charles Schwab Investment Management Inc. Raises Stake in Sezzle Inc. (NASDAQ:SEZL)

Charles Schwab Investment Management Inc. boosted its position in shares of Sezzle Inc. (NASDAQ:SEZL) by 191.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,363 shares of the company’s stock after acquiring an additional 13,383 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Sezzle were worth $3,474,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SEZL. Covestor Ltd acquired a new position in shares of Sezzle during the third quarter worth $38,000. SG Americas Securities LLC purchased a new stake in Sezzle during the 3rd quarter worth about $165,000. OmniStar Financial Group Inc. acquired a new position in shares of Sezzle during the 3rd quarter worth about $354,000. Creative Planning purchased a new position in shares of Sezzle in the 3rd quarter valued at about $383,000. Finally, Rhumbline Advisers acquired a new stake in shares of Sezzle during the 2nd quarter worth about $203,000. 2.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Sezzle

In other Sezzle news, Director Kyle M. Brehm acquired 106 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was purchased at an average price of $402.00 per share, for a total transaction of $42,612.00. Following the completion of the transaction, the director now owns 3,608 shares of the company’s stock, valued at $1,450,416. The trade was a 3.03 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul Martin Purcell sold 2,401 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $465.72, for a total transaction of $1,118,193.72. Following the sale, the director now owns 58,275 shares in the company, valued at $27,139,833. The trade was a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,566 shares of company stock worth $8,752,707 over the last 90 days. Company insiders own 57.65% of the company’s stock.

Sezzle Stock Down 2.2 %

SEZL stock opened at $309.01 on Friday. The stock has a market capitalization of $1.73 billion, a PE ratio of 32.87 and a beta of 9.23. The company has a fifty day moving average of $299.18 and a 200-day moving average of $175.92. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.40 and a current ratio of 2.40. Sezzle Inc. has a one year low of $12.93 and a one year high of $477.52.

Analyst Ratings Changes

A number of brokerages recently issued reports on SEZL. B. Riley upped their price target on Sezzle from $132.00 to $163.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Northland Securities upped their target price on shares of Sezzle from $185.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, November 8th.

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.