Peregrine Capital Management LLC cut its holdings in Sezzle Inc. (NASDAQ:SEZL – Free Report) by 4.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 85,163 shares of the company’s stock after selling 3,696 shares during the period. Peregrine Capital Management LLC’s holdings in Sezzle were worth $5,390,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. grew its position in Sezzle by 24.1% during the 1st quarter. Blue Trust Inc. now owns 905 shares of the company’s stock worth $57,000 after acquiring an additional 176 shares during the last quarter. Larson Financial Group LLC lifted its position in Sezzle by 35.4% in the third quarter. Larson Financial Group LLC now owns 795 shares of the company’s stock valued at $63,000 after purchasing an additional 208 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Sezzle by 38.5% during the third quarter. Allworth Financial LP now owns 859 shares of the company’s stock valued at $68,000 after purchasing an additional 239 shares during the period. Covestor Ltd boosted its stake in shares of Sezzle by 109.4% during the fourth quarter. Covestor Ltd now owns 490 shares of the company’s stock valued at $31,000 after purchasing an additional 256 shares during the period. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Sezzle by 1.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 24,172 shares of the company’s stock worth $1,534,000 after purchasing an additional 256 shares during the last quarter. 2.02% of the stock is currently owned by hedge funds and other institutional investors.
Sezzle Stock Performance
Shares of SEZL stock opened at $175.18 on Thursday. The company’s fifty day moving average price is $118.06 and its 200-day moving average price is $85.97. The stock has a market cap of $5.89 billion, a PE ratio of 41.61 and a beta of 6.69. The company has a current ratio of 3.65, a quick ratio of 3.65 and a debt-to-equity ratio of 0.73. Sezzle Inc. has a 12 month low of $49.50 and a 12 month high of $186.74.
Insider Activity
In related news, SVP Justin Krause sold 11,822 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $106.46, for a total value of $1,258,570.12. Following the transaction, the senior vice president directly owned 67,635 shares of the company’s stock, valued at approximately $7,200,422.10. This represents a 14.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul Paradis sold 26,400 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were 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 in the company, valued at approximately $67,153,063.25. The trade was a 5.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 107,352 shares of company stock worth $14,369,086 over the last three months. 49.49% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on SEZL shares. B. Riley Financial reissued a “buy” rating and set a $141.00 price target (up from $117.00) on shares of Sezzle in a research report on Tuesday, June 2nd. TD Cowen reaffirmed a “hold” rating on shares of Sezzle in a research note on Thursday, May 7th. Weiss Ratings upgraded shares of Sezzle from a “hold (c-)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Keefe, Bruyette & Woods raised their target price on Sezzle from $85.00 to $115.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Finally, Northland Securities set a $170.00 price target on Sezzle in a report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $125.00.
Read Our Latest Stock Analysis on SEZL
About Sezzle
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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