Sezzle (NASDAQ:SEZL) Releases FY 2024 Earnings Guidance

Sezzle (NASDAQ:SEZL) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 9.800-9.800 for the period, compared to the consensus earnings per share 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.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SEZL shares. Northland Securities increased their target price on shares of Sezzle from $185.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday. B. Riley upped their price target on shares of Sezzle from $132.00 to $163.00 and gave the company a “buy” rating in a report on Friday, August 23rd.

Sezzle Trading Up 72.3 %

Shares of SEZL traded up $181.01 during trading hours on Friday, reaching $431.48. 632,223 shares of the company traded hands, compared to its average volume of 96,005. The stock’s fifty day moving average price is $181.76 and its 200 day moving average price is $119.24. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 1.37. The firm has a market cap of $2.41 billion, a price-to-earnings 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 announced its quarterly earnings data on Wednesday, August 7th. The company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $1.33. The company had revenue of $55.97 million during the quarter, compared to analyst estimates of $43.35 million. Sezzle had a net margin of 25.29% and a return on equity of 121.38%. Sell-side analysts forecast that Sezzle will post 9.8 earnings per share for the current year.

Insiders Place Their Bets

In other Sezzle news, SVP Justin Krause sold 1,500 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $138.00, for a total value of $207,000.00. Following the completion of the sale, the senior vice president now directly owns 16,533 shares in the company, valued at approximately $2,281,554. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Paul Martin Purcell sold 29,924 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $121.61, for a total transaction of $3,639,057.64. Following the transaction, the director now directly owns 269,716 shares in the company, valued at approximately $32,800,162.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Justin Krause sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $138.00, for a total transaction of $207,000.00. Following the completion of the transaction, the senior vice president now directly owns 16,533 shares of the company’s stock, valued at $2,281,554. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 160,989 shares of company stock worth $22,207,483 in the last ninety days. 57.65% of the stock is owned by company insiders.

Sezzle Company 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.