Prosperity Wealth Management Inc. Purchases New Shares in Sezzle Inc. (NASDAQ:SEZL)

Prosperity Wealth Management Inc. purchased a new stake in shares of Sezzle Inc. (NASDAQ:SEZL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,135 shares of the company’s stock, valued at approximately $290,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SEZL. Plato Investment Management Ltd acquired a new stake in Sezzle during the 4th quarter valued at $30,000. Covestor Ltd acquired a new stake in Sezzle during the 3rd quarter valued at $38,000. Modus Advisors LLC bought a new position in Sezzle in the 4th quarter valued at $80,000. Principal Securities Inc. bought a new position in Sezzle in the 4th quarter valued at $84,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Sezzle in the 3rd quarter valued at $188,000. 2.02% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Sezzle

In other news, CFO Karen Hartje sold 3,457 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer now directly owns 35,121 shares in the company, valued at $11,109,474.72. This trade represents a 8.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 57.65% of the stock is owned by corporate insiders.

Sezzle Stock Up 7.6 %

Shares of SEZL opened at $237.34 on Thursday. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 25.25 and a beta of 9.09. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.40 and a current ratio of 2.40. The business’s fifty day moving average price is $261.43 and its two-hundred day moving average price is $251.56. Sezzle Inc. has a 52 week low of $40.39 and a 52 week high of $477.52.

Sezzle (NASDAQ:SEZL) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $4.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $1.31. Sezzle had a return on equity of 101.18% and a net margin of 25.29%. The business had revenue of $271.13 billion for the quarter, compared to analyst estimates of $73.90 million. On average, analysts predict that Sezzle Inc. will post 9.77 earnings per share for the current year.

Sezzle declared that its board has initiated a stock buyback program on Monday, March 10th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 4.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SEZL shares. Northland Securities increased their price objective on Sezzle from $300.00 to $360.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. B. Riley reiterated a “buy” rating and issued a $377.00 price objective (up from $372.00) on shares of Sezzle in a research report on Wednesday, February 26th.

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.