Bank of New York Mellon Corp Boosts Stock Holdings in Sezzle Inc. (NASDAQ:SEZL)

Bank of New York Mellon Corp boosted its position in Sezzle Inc. (NASDAQ:SEZL) by 28.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,304 shares of the company’s stock after purchasing an additional 1,378 shares during the period. Bank of New York Mellon Corp’s holdings in Sezzle were worth $1,613,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of SEZL. Charles Schwab Investment Management Inc. lifted its stake in Sezzle by 191.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 20,363 shares of the company’s stock valued at $3,474,000 after purchasing an additional 13,383 shares during the last quarter. Calamos Advisors LLC purchased a new stake in shares of Sezzle during the fourth quarter worth $2,423,000. Principal Financial Group Inc. purchased a new stake in shares of Sezzle during the third quarter worth $548,000. JPMorgan Chase & Co. lifted its position in shares of Sezzle by 295.9% during the third quarter. JPMorgan Chase & Co. now owns 3,979 shares of the company’s stock worth $679,000 after acquiring an additional 2,974 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Sezzle by 125.4% during the third quarter. Barclays PLC now owns 4,515 shares of the company’s stock worth $771,000 after acquiring an additional 2,512 shares in the last quarter. Hedge funds and other institutional investors own 2.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SEZL. Northland Securities increased 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. B. Riley restated a “buy” rating and set a $377.00 target price (up previously from $372.00) on shares of Sezzle in a research report on Wednesday, February 26th.

Insider Transactions at Sezzle

In other news, CFO Karen Hartje sold 3,457 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $316.32, for a total value of $1,093,518.24. Following the transaction, the chief financial officer now owns 35,121 shares of the company’s stock, valued at approximately $11,109,474.72. This represents a 8.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 57.65% of the company’s stock.

Sezzle Trading Up 1.7 %

NASDAQ:SEZL opened at $235.93 on Friday. The company has a market cap of $1.33 billion, a P/E ratio of 25.10 and a beta of 9.05. The stock’s fifty day moving average price is $257.31 and its two-hundred day moving average price is $256.32. Sezzle Inc. has a 1 year low of $40.39 and a 1 year high of $477.53. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.40 and a quick ratio of 2.40.

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

Sezzle declared that its board has authorized a stock repurchase program on Monday, March 10th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 4.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board 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.