Sezzle (NASDAQ:SEZL) Issues FY 2024 Earnings Guidance

Sezzle (NASDAQ:SEZL) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 9.800- for the period, compared to the consensus EPS estimate of 10.900. The company issued revenue guidance of $247.1 million-, compared to the consensus revenue estimate of $249.2 million.

Analysts Set New Price Targets

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

Sezzle Stock Up 11.2 %

Shares of NASDAQ SEZL traded up $26.15 during midday trading on Wednesday, reaching $259.57. 145,257 shares of the company’s stock were exchanged, compared to its average volume of 128,325. The stock has a market capitalization of $1.46 billion, a PE ratio of 27.61 and a beta of 9.72. Sezzle has a 52-week low of $18.23 and a 52-week high of $477.52. 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 $326.93 and its two-hundred day moving average price is $204.37.

Insider Buying and Selling at Sezzle

In other Sezzle news, COO Amin Sabzivand sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $205.57, for a total transaction of $308,355.00. Following the sale, the chief operating officer now owns 46,860 shares in the company, valued at $9,633,010.20. This represents a 3.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Paul Paradis sold 4,026 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $400.00, for a total value of $1,610,400.00. Following the transaction, the director now directly owns 68,846 shares in the company, valued at approximately $27,538,400. This represents a 5.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,207 shares of company stock valued at $3,518,562 in the last three months. Corporate insiders own 57.65% of the company’s stock.

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.