Calamos Advisors LLC Buys New Stake in Sezzle Inc. (NASDAQ:SEZL)

Calamos Advisors LLC purchased a new position in shares of Sezzle Inc. (NASDAQ:SEZL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,471 shares of the company’s stock, valued at approximately $2,423,000. Calamos Advisors LLC owned about 0.17% of Sezzle at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SEZL. SG Americas Securities LLC lifted its stake in Sezzle by 22.2% during the fourth quarter. SG Americas Securities LLC now owns 1,184 shares of the company’s stock worth $303,000 after purchasing an additional 215 shares during the last quarter. Modus Advisors LLC purchased a new stake in shares of Sezzle during the 4th quarter worth approximately $80,000. JPMorgan Chase & Co. lifted its position in shares of Sezzle by 295.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,979 shares of the company’s stock worth $679,000 after buying an additional 2,974 shares during the last quarter. Principal Financial Group Inc. purchased a new position in shares of Sezzle in the 3rd quarter valued at $548,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Sezzle during the 3rd quarter worth $188,000. 2.02% of the stock is owned by institutional investors and hedge funds.

Sezzle Stock Up 4.5 %

Shares of NASDAQ:SEZL opened at $240.97 on Wednesday. Sezzle Inc. has a 1-year low of $37.61 and a 1-year high of $477.52. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.40 and a quick ratio of 2.40. The stock has a market cap of $1.35 billion, a P/E ratio of 25.64 and a beta of 9.58. The firm has a fifty day moving average price of $284.09 and a 200 day moving average price of $218.96.

Sezzle (NASDAQ:SEZL) last announced its earnings results on Thursday, November 7th. The company reported $2.92 earnings per share for the quarter, topping the consensus estimate of $0.89 by $2.03. The business had revenue of $69.96 million during the quarter, compared to the consensus estimate of $52.64 million. Sezzle had a net margin of 25.29% and a return on equity of 101.18%. During the same quarter in the prior year, the firm earned $0.23 earnings per share. Sell-side analysts predict that Sezzle Inc. will post 9.85 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. B. Riley restated a “buy” rating and issued a $372.00 price objective (up previously from $353.00) on shares of Sezzle in a research note on Thursday, December 19th. Northland Securities upped their target price on Sezzle from $300.00 to $360.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th.

Insider Buying and Selling at Sezzle

In other Sezzle news, CFO Karen Hartje sold 3,457 shares of Sezzle stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $316.32, for a total transaction of $1,093,518.24. Following the completion of the transaction, the chief financial officer now owns 35,121 shares in the company, valued at approximately $11,109,474.72. The trade was a 8.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kyle M. Brehm bought 106 shares of the stock in a transaction on Wednesday, November 20th. The shares were bought at an average price of $402.00 per share, for a total transaction of $42,612.00. Following the acquisition, the director now owns 3,608 shares in the company, valued at $1,450,416. The trade was a 3.03 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 11,164 shares of company stock worth $4,303,725. 57.65% of the stock is currently owned by insiders.

Sezzle Company 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.