Sezzle (NASDAQ:SEZL) Updates 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.

Sezzle Trading Up 11.2 %

Shares of SEZL stock opened at $259.57 on Thursday. Sezzle has a 1-year low of $18.23 and a 1-year high of $477.52. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 27.61 and a beta of 9.72. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.40 and a quick ratio of 2.40. The stock has a 50 day simple moving average of $326.93 and a 200-day simple moving average of $204.37.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Sezzle news, Director Paul Martin Purcell sold 1,280 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $376.26, for a total value of $481,612.80. Following the transaction, the director now directly owns 81,496 shares of the company’s stock, valued at $30,663,684.96. This trade represents a 1.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kyle M. Brehm bought 106 shares of the stock in a transaction dated Wednesday, November 20th. The shares were bought at an average price of $402.00 per share, for a total transaction of $42,612.00. Following the completion of the acquisition, the director now owns 3,608 shares in the company, valued at approximately $1,450,416. The trade was a 3.03 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 7,707 shares of company stock worth $3,210,207. 57.65% of the stock is owned by corporate 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.