Wilmington Savings Fund Society FSB Acquires Shares of 1,100 Sezzle Inc. (NASDAQ:SEZL)

Wilmington Savings Fund Society FSB bought a new stake in Sezzle Inc. (NASDAQ:SEZL) during the 3rd quarter, Holdings Channel reports. The firm bought 1,100 shares of the company’s stock, valued at approximately $188,000.

Other institutional investors have also modified their holdings of the company. Covestor Ltd purchased a new position in Sezzle in the 3rd quarter valued at $38,000. SG Americas Securities LLC purchased a new position in Sezzle during the 3rd quarter worth $165,000. MetLife Investment Management LLC lifted its stake in shares of Sezzle by 129.2% in the 3rd quarter. MetLife Investment Management LLC now owns 1,446 shares of the company’s stock worth $247,000 after acquiring an additional 815 shares during the period. Verition Fund Management LLC purchased a new stake in shares of Sezzle in the third quarter valued at about $274,000. Finally, Virtu Financial LLC acquired a new position in shares of Sezzle during the third quarter worth about $276,000. Institutional investors and hedge funds own 2.02% of the company’s stock.

Insider Buying and Selling

In other news, Director Paul Martin Purcell sold 9,808 shares of Sezzle stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $170.43, for a total transaction of $1,671,577.44. Following the completion of the sale, the director now directly owns 91,833 shares in the company, valued at approximately $15,651,098.19. This trade represents a 9.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kyle M. Brehm purchased 106 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were purchased at an average cost of $402.00 per share, for a total transaction of $42,612.00. Following the purchase, the director now directly owns 3,608 shares in the company, valued at approximately $1,450,416. This represents a 3.03 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 32,448 shares of company stock valued at $7,470,923. Corporate insiders own 57.65% of the company’s stock.

Analyst Upgrades and Downgrades

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

Sezzle Stock Performance

NASDAQ:SEZL opened at $242.17 on Thursday. The firm’s fifty day simple moving average is $307.21 and its 200-day simple moving average is $180.43. 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 market cap of $1.36 billion, a PE ratio of 25.76 and a beta of 9.23. Sezzle Inc. has a fifty-two week low of $14.83 and a fifty-two week high of $477.52.

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.