Quantbot Technologies LP Makes New Investment in Sezzle Inc. (NASDAQ:SEZL)

Quantbot Technologies LP bought a new stake in Sezzle Inc. (NASDAQ:SEZL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 681 shares of the company’s stock, valued at approximately $174,000.

Several other large investors have also modified their holdings of the stock. Rhumbline Advisers boosted its holdings in Sezzle by 1.8% in the 4th quarter. Rhumbline Advisers now owns 2,556 shares of the company’s stock valued at $654,000 after purchasing an additional 45 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in shares of Sezzle in the fourth quarter valued at approximately $30,000. SG Americas Securities LLC grew its holdings in Sezzle by 22.2% during the fourth quarter. SG Americas Securities LLC now owns 1,184 shares of the company’s stock worth $303,000 after acquiring an additional 215 shares during the period. Modus Advisors LLC purchased a new position in Sezzle in the fourth quarter worth $80,000. Finally, Principal Securities Inc. acquired a new stake in Sezzle in the fourth quarter valued at $84,000. Hedge funds and other institutional investors own 2.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Northland Securities upped their price target on shares of Sezzle from $300.00 to $360.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. B. Riley reaffirmed a “buy” rating and issued a $377.00 target price (up from $372.00) on shares of Sezzle in a report on Wednesday, February 26th.

Insider Buying and Selling at Sezzle

In related news, CFO Karen Hartje sold 3,457 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $316.32, for a total transaction of $1,093,518.24. Following the sale, the chief financial officer now owns 35,121 shares of the company’s stock, valued at $11,109,474.72. This trade represents a 8.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 57.65% of the stock is owned by insiders.

Sezzle Trading Down 6.4 %

NASDAQ:SEZL opened at $210.99 on Monday. Sezzle Inc. has a 52-week low of $6.73 and a 52-week high of $79.59. 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 fifty day simple moving average of $256.79 and a 200-day simple moving average of $260.74. The company has a market capitalization of $1.19 billion, a PE ratio of 22.45 and a beta of 9.09.

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

Sezzle declared that its board has initiated a share buyback plan on Monday, March 10th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are 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.