Sezzle (NASDAQ:SEZL) Issues FY 2024 Earnings Guidance

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

Analyst Upgrades and Downgrades

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

Sezzle Stock Up 72.3 %

Shares of NASDAQ:SEZL traded up $181.01 during trading on Friday, hitting $431.48. 632,223 shares of the company’s stock traded hands, compared to its average volume of 96,005. The company has a 50-day moving average price of $181.76 and a 200-day moving average price of $119.24. Sezzle has a 52 week low of $9.75 and a 52 week high of $454.16. 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 company has a market cap of $2.41 billion, a price-to-earnings ratio of 45.90 and a beta of 8.49.

Sezzle (NASDAQ:SEZL) last released its earnings results on Wednesday, August 7th. The company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $1.33. The firm had revenue of $55.97 million during the quarter, compared to analysts’ expectations of $43.35 million. Sezzle had a return on equity of 121.38% and a net margin of 25.29%. As a group, research analysts forecast that Sezzle will post 9.8 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Amin Sabzivand sold 1,500 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $147.10, for a total value of $220,650.00. Following the completion of the sale, the chief operating officer now owns 51,748 shares of the company’s stock, valued at approximately $7,612,130.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, COO Amin Sabzivand sold 1,500 shares of Sezzle stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $147.10, for a total transaction of $220,650.00. Following the completion of the sale, the chief operating officer now owns 51,748 shares of the company’s stock, valued at approximately $7,612,130.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Paul Martin Purcell sold 29,924 shares of the stock in a transaction that occurred 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 transaction, the director now owns 269,716 shares in the company, valued at approximately $32,800,162.76. 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 valued at $22,207,483 in the last three months. 57.65% of the stock is currently owned by corporate insiders.

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.