Navellier & Associates Inc. Has $2.22 Million Stock Position in Sezzle Inc. (NASDAQ:SEZL)

Navellier & Associates Inc. increased its stake in shares of Sezzle Inc. (NASDAQ:SEZL) by 21.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,667 shares of the company’s stock after purchasing an additional 1,531 shares during the period. Navellier & Associates Inc.’s holdings in Sezzle were worth $2,217,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in shares of Sezzle by 191.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 20,363 shares of the company’s stock worth $3,474,000 after purchasing an additional 13,383 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Sezzle by 295.9% during the third quarter. JPMorgan Chase & Co. now owns 3,979 shares of the company’s stock worth $679,000 after purchasing an additional 2,974 shares during the period. Barclays PLC grew its stake in shares of Sezzle by 125.4% during the third quarter. Barclays PLC now owns 4,515 shares of the company’s stock worth $771,000 after purchasing an additional 2,512 shares during the period. Virtu Financial LLC acquired a new stake in shares of Sezzle during the third quarter worth $276,000. Finally, Principal Financial Group Inc. acquired a new stake in shares of Sezzle during the third quarter worth $548,000. 2.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SEZL shares. B. Riley reaffirmed a “buy” rating and set a $372.00 price objective (up from $353.00) on shares of Sezzle in a research note on Thursday, December 19th. Northland Securities lifted their price objective on Sezzle from $300.00 to $360.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th.

Insiders Place Their Bets

In other news, CFO Karen Hartje sold 3,457 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $316.32, for a total value of $1,093,518.24. Following the sale, the chief financial officer now directly owns 35,121 shares in the company, valued at $11,109,474.72. The trade was a 8.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Paul Martin Purcell sold 2,401 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $465.72, for a total value of $1,118,193.72. Following the completion of the sale, the director now owns 58,275 shares in the company, valued at approximately $27,139,833. This trade represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 57.65% of the company’s stock.

Sezzle Stock Performance

SEZL stock opened at $286.65 on Friday. The business’s 50-day moving average price is $263.81 and its two-hundred day moving average price is $236.20. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54. The firm has a market cap of $1.61 billion, a PE ratio of 30.49 and a beta of 9.56. Sezzle Inc. has a 1-year low of $38.22 and a 1-year high of $477.52.

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.