3,215 Shares in Sezzle Inc. (NASDAQ:SEZL) Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. acquired a new stake in shares of Sezzle Inc. (NASDAQ:SEZL) in the 3rd quarter, HoldingsChannel reports. The firm acquired 3,215 shares of the company’s stock, valued at approximately $548,000.

Several other hedge funds have also recently modified their holdings of the stock. Covestor Ltd purchased a new position in shares of Sezzle during the 3rd quarter worth approximately $38,000. SG Americas Securities LLC purchased a new position in Sezzle during the third quarter worth $165,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Sezzle during the 3rd quarter worth about $188,000. Rhumbline Advisers purchased a new stake in Sezzle in the 2nd quarter worth approximately $203,000. Finally, MetLife Investment Management LLC raised its holdings in Sezzle by 129.2% in the 3rd quarter. MetLife Investment Management LLC now owns 1,446 shares of the company’s stock valued at $247,000 after acquiring an additional 815 shares during the last quarter. 2.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Paul Paradis sold 4,026 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $400.00, for a total value of $1,610,400.00. Following the completion of the sale, the director now directly owns 68,846 shares of the company’s stock, valued at $27,538,400. The trade was a 5.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul Martin Purcell sold 1,280 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $376.26, for a total value of $481,612.80. Following the transaction, the director now directly owns 81,496 shares in the company, valued at approximately $30,663,684.96. This represents a 1.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,707 shares of company stock worth $3,799,062 over the last 90 days. Company insiders own 57.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Northland Securities lifted their price objective on Sezzle from $300.00 to $360.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. B. Riley reaffirmed a “buy” rating and issued a $372.00 price objective (up from $353.00) on shares of Sezzle in a research note on Thursday, December 19th.

Sezzle Stock Performance

Sezzle stock opened at $278.69 on Monday. The firm has a market capitalization of $1.56 billion, a PE ratio of 29.65 and a beta of 9.72. Sezzle Inc. has a one year low of $16.23 and a one year high of $477.52. The stock’s 50 day moving average price is $322.71 and its 200 day moving average price is $195.66. 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 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.