Research Analysts Issue Forecasts for Sezzle FY2024 Earnings

Sezzle Inc. (NASDAQ:SEZL) – Stock analysts at B. Riley lifted their FY2024 EPS estimates for shares of Sezzle in a report issued on Thursday, December 19th. B. Riley analyst H. Goetsch now expects that the company will post earnings of $9.85 per share for the year, up from their prior estimate of $9.78. B. Riley currently has a “Buy” rating and a $372.00 target price on the stock. The consensus estimate for Sezzle’s current full-year earnings is $9.78 per share. B. Riley also issued estimates for Sezzle’s Q4 2024 earnings at $3.19 EPS, FY2025 earnings at $13.21 EPS and FY2026 earnings at $18.61 EPS.

Separately, Northland Securities upped their price objective 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.

Sezzle Price Performance

Shares of Sezzle stock opened at $265.97 on Monday. The stock has a market capitalization of $1.49 billion, a P/E ratio of 28.29 and a beta of 9.23. Sezzle has a one year low of $16.23 and a one 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. The business’s 50 day simple moving average is $310.72 and its two-hundred day simple moving average is $183.58.

Insider Activity

In related news, Director Paul Martin Purcell sold 809 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $180.21, for a total value of $145,789.89. Following the sale, the director now directly owns 101,641 shares of the company’s stock, valued at $18,316,724.61. This represents a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul Paradis sold 4,026 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $400.00, for a total value of $1,610,400.00. Following the completion of the transaction, the director now owns 68,846 shares of the company’s stock, valued at approximately $27,538,400. This trade represents a 5.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,148 shares of company stock valued at $6,906,293. Corporate insiders own 57.65% of the company’s stock.

Institutional Trading of Sezzle

Hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its stake in Sezzle by 191.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 20,363 shares of the company’s stock worth $3,474,000 after purchasing an additional 13,383 shares in the last quarter. Navellier & Associates Inc. bought a new position in shares of Sezzle in the third quarter worth approximately $1,217,000. Bank of New York Mellon Corp purchased a new stake in shares of Sezzle during the second quarter valued at approximately $611,000. XTX Topco Ltd purchased a new stake in shares of Sezzle during the second quarter valued at approximately $544,000. Finally, Divisadero Street Capital Management LP bought a new stake in shares of Sezzle during the second quarter valued at approximately $356,000. 2.02% of the stock is owned by institutional investors.

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.