UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of Sezzle Inc. (NASDAQ:SEZL – Free Report) by 13.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,138 shares of the company’s stock after selling 4,308 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.08% of Sezzle worth $4,829,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently bought and sold shares of the business. Royal Bank of Canada grew its position in Sezzle by 429.0% during the first quarter. Royal Bank of Canada now owns 132,361 shares of the company’s stock valued at $4,618,000 after purchasing an additional 107,340 shares in the last quarter. AQR Capital Management LLC lifted its position in Sezzle by 3,973.6% in the 1st quarter. AQR Capital Management LLC now owns 34,626 shares of the company’s stock worth $1,208,000 after buying an additional 33,776 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Sezzle by 2,241.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,906 shares of the company’s stock valued at $1,078,000 after buying an additional 29,586 shares during the period. Millennium Management LLC grew its holdings in shares of Sezzle by 321.7% during the 1st quarter. Millennium Management LLC now owns 115,525 shares of the company’s stock valued at $4,031,000 after acquiring an additional 88,127 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Sezzle by 1,068.2% in the first quarter. Goldman Sachs Group Inc. now owns 169,487 shares of the company’s stock worth $5,913,000 after acquiring an additional 154,978 shares during the last quarter. 2.02% of the stock is owned by hedge funds and other institutional investors.
Sezzle Stock Performance
NASDAQ:SEZL opened at $117.14 on Thursday. The firm has a market capitalization of $3.94 billion, a PE ratio of 25.47 and a beta of 6.66. Sezzle Inc. has a 1 year low of $49.50 and a 1 year high of $195.71. The company has a current ratio of 4.02, a quick ratio of 4.02 and a debt-to-equity ratio of 0.52. The firm’s fifty day simple moving average is $147.12 and its 200 day simple moving average is $113.67.
Insiders Place Their Bets
In other Sezzle news, Director Paul Paradis sold 26,400 shares of Sezzle stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $161.35, for a total value of $4,259,640.00. Following the transaction, the director directly owned 416,195 shares of the company’s stock, valued at $67,153,063.25. The trade was a 5.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Lee Brading sold 10,000 shares of Sezzle stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $178.23, for a total value of $1,782,300.00. Following the completion of the transaction, the chief financial officer directly owned 296,931 shares in the company, valued at approximately $52,922,012.13. This represents a 3.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 84,750 shares of company stock worth $13,262,695. Corporate insiders own 49.49% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have weighed in on SEZL shares. Keefe, Bruyette & Woods dropped their target price on Sezzle from $190.00 to $155.00 and set a “market perform” rating on the stock in a research report on Friday, August 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sezzle in a report on Tuesday, August 4th. TD Cowen raised Sezzle from a “hold” rating to a “buy” rating and set a $165.00 price target for the company in a research note on Monday, August 10th. Northland Securities set a $170.00 price objective on Sezzle in a report on Thursday, June 25th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $172.00 price objective on shares of Sezzle in a research report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $146.50.
Get Our Latest Research Report on Sezzle
Sezzle Profile
Sezzle Inc is a financial technology company specializing in buy now, pay later (BNPL) services that enable consumers to split purchases into interest-free installment payments. By integrating its platform with e-commerce merchants, Sezzle provides shoppers with flexible payment options at checkout while merchants benefit from increased conversion rates and average order values. The company’s technology is designed to offer a seamless user experience, with instant approval decisions and no hidden fees, positions it as a consumer-friendly alternative to traditional credit products.
Founded in 2016 and headquartered in Minneapolis, Minnesota, Sezzle completed its initial public offering on the Nasdaq under the ticker SEZL.
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