Verition Fund Management LLC Invests $274,000 in Sezzle Inc. (NASDAQ:SEZL)

Verition Fund Management LLC acquired a new position in shares of Sezzle Inc. (NASDAQ:SEZL) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,609 shares of the company’s stock, valued at approximately $274,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. MetLife Investment Management LLC lifted its stake in Sezzle by 129.2% during the third quarter. MetLife Investment Management LLC now owns 1,446 shares of the company’s stock worth $247,000 after purchasing an additional 815 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Sezzle by 191.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 20,363 shares of the company’s stock valued at $3,474,000 after buying an additional 13,383 shares in the last quarter. Navellier & Associates Inc. purchased a new stake in Sezzle in the third quarter worth approximately $1,217,000. Covestor Ltd bought a new position in Sezzle during the third quarter valued at approximately $38,000. Finally, Principal Financial Group Inc. purchased a new position in shares of Sezzle during the third quarter worth approximately $548,000. 2.02% of the stock is currently owned by hedge funds and other institutional investors.

Sezzle Stock Performance

NASDAQ:SEZL opened at $309.01 on Friday. 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 Inc. has a fifty-two week low of $12.93 and a fifty-two week high of $477.52. The firm has a market cap of $1.73 billion, a PE ratio of 32.87 and a beta of 9.23. The business has a 50 day moving average price of $299.18 and a 200-day moving average price of $175.92.

Wall Street Analysts Forecast Growth

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

Insider Activity at Sezzle

In related news, Director Paul Martin Purcell sold 2,401 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $465.72, for a total transaction of $1,118,193.72. Following the transaction, the director now owns 58,275 shares in the company, valued at $27,139,833. The trade was a 3.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul Paradis sold 4,026 shares of the stock in a transaction that occurred on 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 owns 68,846 shares of the company’s stock, valued at approximately $27,538,400. This trade represents a 5.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,566 shares of company stock worth $8,752,707 in the last three months. 57.65% of the stock is owned by 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.