Wealth Enhancement Advisory Services LLC Sells 7,678 Shares of Sezzle Inc. $SEZL

Wealth Enhancement Advisory Services LLC decreased its holdings in shares of Sezzle Inc. (NASDAQ:SEZL) by 35.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,731 shares of the company’s stock after selling 7,678 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Sezzle were worth $2,501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in SEZL. Vanguard Group Inc. lifted its stake in shares of Sezzle by 497.6% in the first quarter. Vanguard Group Inc. now owns 1,013,698 shares of the company’s stock worth $35,368,000 after buying an additional 844,084 shares in the last quarter. Driehaus Capital Management LLC raised its stake in shares of Sezzle by 497.8% during the first quarter. Driehaus Capital Management LLC now owns 327,276 shares of the company’s stock valued at $11,419,000 after purchasing an additional 272,530 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Sezzle by 1,068.2% during the first quarter. Goldman Sachs Group Inc. now owns 169,487 shares of the company’s stock valued at $5,913,000 after acquiring an additional 154,978 shares during the period. Acadian Asset Management LLC raised its holdings in Sezzle by 719.1% during the 1st quarter. Acadian Asset Management LLC now owns 173,310 shares of the company’s stock worth $6,040,000 after buying an additional 152,152 shares during the period. Finally, T. Rowe Price Investment Management Inc. bought a new stake in shares of Sezzle in the first quarter valued at approximately $4,011,000. 2.02% of the stock is currently owned by institutional investors.

Sezzle Price Performance

SEZL opened at $84.19 on Friday. Sezzle Inc. has a twelve month low of $23.82 and a twelve month high of $186.74. The company has a fifty day simple moving average of $105.36 and a 200 day simple moving average of $95.88. The company has a current ratio of 3.51, a quick ratio of 3.51 and a debt-to-equity ratio of 1.00. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 28.85 and a beta of 9.02.

Sezzle (NASDAQ:SEZL) last released its earnings results on Thursday, August 7th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.11. Sezzle had a net margin of 28.13% and a return on equity of 102.90%. The business had revenue of $60.31 million for the quarter, compared to the consensus estimate of $93.33 million. Equities research analysts expect that Sezzle Inc. will post 9.77 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sezzle news, CFO Karen Hartje sold 5,484 shares of Sezzle stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $168.02, for a total value of $921,421.68. Following the transaction, the chief financial officer directly owned 126,846 shares of the company’s stock, valued at $21,312,664.92. The trade was a 4.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul Paradis sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $91.62, for a total value of $274,860.00. Following the sale, the director directly owned 242,000 shares of the company’s stock, valued at $22,172,040. This represents a 1.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,484 shares of company stock valued at $3,382,832 in the last three months. Insiders own 49.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. B. Riley upped their target price on Sezzle from $101.00 to $111.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Cowen initiated coverage on Sezzle in a research report on Thursday, September 11th. They issued a “hold” rating on the stock. TD Cowen started coverage on shares of Sezzle in a report on Thursday, September 11th. They set a “hold” rating and a $82.00 price objective for the company. Wall Street Zen lowered shares of Sezzle from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Finally, Oppenheimer lifted their price objective on shares of Sezzle from $168.00 to $202.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $113.75.

About Sezzle

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.