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 earnings per share (EPS) guidance of 9.800- for the period, compared to the consensus 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 research analysts have issued reports on SEZL shares. Northland Securities upped their price target on shares of Sezzle from $300.00 to $360.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. B. Riley reissued a “buy” rating and issued a $372.00 target price (up from $353.00) on shares of Sezzle in a research report on Thursday, December 19th.

Sezzle Trading Up 11.2 %

Shares of Sezzle stock opened at $259.57 on Thursday. The stock has a market cap of $1.46 billion, a PE ratio of 27.61 and a beta of 9.72. The firm has a fifty day moving average price of $326.93 and a 200 day moving average price of $204.37. Sezzle has a 1 year low of $18.23 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.

Insiders Place Their Bets

In other news, Director Paul Paradis sold 4,026 shares of Sezzle stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $400.00, for a total transaction of $1,610,400.00. Following the completion of the transaction, the director now directly owns 68,846 shares of the company’s stock, valued at $27,538,400. The trade was a 5.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kyle M. Brehm purchased 106 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were purchased at an average cost of $402.00 per share, for a total transaction of $42,612.00. Following the completion of the acquisition, the director now directly owns 3,608 shares of the company’s stock, valued at $1,450,416. This represents a 3.03 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have sold 7,707 shares of company stock valued at $3,210,207. Company 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.