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

Principal Financial Group Inc. bought a new position in Sezzle Inc. (NASDAQ:SEZL) during the third quarter, Holdings Channel reports. The firm bought 3,215 shares of the company’s stock, valued at approximately $548,000.

A number of other hedge funds also recently made changes to their positions in SEZL. SG Americas Securities LLC purchased a new stake in Sezzle during the third quarter valued at approximately $165,000. OmniStar Financial Group Inc. purchased a new stake in Sezzle during the third quarter valued at approximately $354,000. Creative Planning purchased a new stake in Sezzle during the third quarter valued at approximately $383,000. Rhumbline Advisers purchased a new stake in Sezzle during the second quarter valued at approximately $203,000. Finally, Divisadero Street Capital Management LP purchased a new stake in Sezzle during the second quarter valued at approximately $356,000. 2.02% of the stock is currently owned by hedge funds and other institutional investors.

Sezzle Trading Up 4.0 %

SEZL opened at $463.98 on Monday. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 49.36 and a beta of 8.49. The stock’s 50 day moving average price is $235.54 and its 200-day moving average price is $144.72. Sezzle Inc. has a one year low of $9.75 and a one year high of $477.52. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.40 and a current ratio of 2.40.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, Director Paul Martin Purcell sold 3,808 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $130.42, for a total value of $496,639.36. Following the transaction, the director now owns 199,607 shares of the company’s stock, valued at $26,032,744.94. This represents a 1.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Amin Sabzivand sold 1,500 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $147.10, for a total value of $220,650.00. Following the sale, the chief operating officer now directly owns 51,748 shares in the company, valued at $7,612,130.80. This trade represents a 2.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 90,597 shares of company stock valued at $14,724,538 over the last quarter. 57.65% of the stock is owned by corporate insiders.

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.