Sezzle (NASDAQ:SEZL) Releases FY 2024 Earnings Guidance

Sezzle (NASDAQ:SEZL) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 9.800-9.800 for the period, compared to the consensus EPS estimate of 6.730. The company issued revenue guidance of $247.0 million-$247.0 million, compared to the consensus revenue estimate of $220.8 million.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. B. Riley increased their price objective on shares of Sezzle from $132.00 to $163.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Northland Securities raised their target price on shares of Sezzle from $185.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday.

Sezzle Stock Up 72.3 %

Sezzle stock traded up $181.01 during mid-day trading on Friday, reaching $431.48. 632,223 shares of the company were exchanged, compared to its average volume of 96,005. The business has a fifty day moving average of $181.76 and a 200 day moving average of $119.24. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a market cap of $2.41 billion, a P/E ratio of 45.90 and a beta of 8.49. Sezzle has a 12-month low of $9.75 and a 12-month high of $454.16.

Sezzle (NASDAQ:SEZL) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $2.17 EPS for the quarter, beating the consensus estimate of $0.84 by $1.33. Sezzle had a return on equity of 121.38% and a net margin of 25.29%. The firm had revenue of $55.97 million during the quarter, compared to analyst estimates of $43.35 million. Research analysts anticipate that Sezzle will post 9.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Paul Martin Purcell sold 29,924 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $121.61, for a total value of $3,639,057.64. Following the completion of the transaction, the director now owns 269,716 shares in the company, valued at $32,800,162.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Sezzle news, Director Paul Martin Purcell sold 29,924 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $121.61, for a total transaction of $3,639,057.64. Following the sale, the director now directly owns 269,716 shares of the company’s stock, valued at approximately $32,800,162.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Amin Sabzivand sold 1,500 shares of the stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $205.57, for a total value of $308,355.00. Following the sale, the chief operating officer now directly owns 46,860 shares in the company, valued at $9,633,010.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 160,989 shares of company stock worth $22,207,483 in the last 90 days. 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.