Plato Investment Management Ltd Buys Shares of 115 Sezzle Inc. (NASDAQ:SEZL)

Plato Investment Management Ltd bought a new stake in shares of Sezzle Inc. (NASDAQ:SEZL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 115 shares of the company’s stock, valued at approximately $30,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Covestor Ltd acquired a new stake in Sezzle during the 3rd quarter valued at approximately $38,000. Modus Advisors LLC acquired a new stake in Sezzle during the 4th quarter valued at approximately $80,000. Principal Securities Inc. acquired a new stake in Sezzle during the 4th quarter valued at approximately $84,000. Wilmington Savings Fund Society FSB acquired a new stake in Sezzle during the 3rd quarter valued at approximately $188,000. Finally, SG Americas Securities LLC increased its position in Sezzle by 22.2% during the 4th quarter. SG Americas Securities LLC now owns 1,184 shares of the company’s stock valued at $303,000 after purchasing an additional 215 shares during the period. Institutional investors and hedge funds own 2.02% of the company’s stock.

Sezzle Stock Performance

Shares of SEZL stock opened at $261.06 on Thursday. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 27.77 and a beta of 9.05. Sezzle Inc. has a 52 week low of $40.39 and a 52 week high of $477.52. 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 firm has a 50 day moving average of $265.08 and a 200-day moving average of $248.21.

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

Insider Buying and Selling

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 value of $1,093,518.24. Following the transaction, the chief financial officer now directly owns 35,121 shares in the company, valued at $11,109,474.72. This trade represents a 8.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 57.65% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SEZL has been the subject of several recent analyst reports. Northland Securities raised their price objective on shares of Sezzle from $300.00 to $360.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. B. Riley reaffirmed a “buy” rating and set a $377.00 price objective (up previously from $372.00) on shares of Sezzle in a research report on Wednesday, February 26th.

Sezzle 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.