Q3 2024 EPS Estimates for Sezzle Inc. (NASDAQ:SEZL) Lowered by Analyst

Sezzle Inc. (NASDAQ:SEZL) – Analysts at B. Riley reduced their Q3 2024 earnings per share estimates for Sezzle in a report released on Thursday, August 8th. B. Riley analyst H. Goetsch now expects that the company will post earnings per share of $1.07 for the quarter, down from their previous estimate of $1.21. B. Riley has a “Buy” rating and a $113.00 price objective on the stock. The consensus estimate for Sezzle’s current full-year earnings is $4.83 per share.

Several other equities research analysts have also commented on the company. Northland Capmk upgraded Sezzle to a “strong-buy” rating in a research note on Tuesday, July 9th. Northland Securities started coverage on Sezzle in a research report on Tuesday, July 9th. They issued an “outperform” rating and a $119.00 price target for the company.

Sezzle Stock Up 9.3 %

SEZL opened at $116.41 on Friday. The firm’s 50 day simple moving average is $84.77 and its two-hundred day simple moving average is $67.90. The company has a market capitalization of $658.88 million and a PE ratio of 51.06. Sezzle has a 1-year low of $7.15 and a 1-year high of $117.00. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.42.

Sezzle (NASDAQ:SEZL) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $1.34 earnings per share (EPS) for the quarter. Sezzle had a net margin of 7.79% and a return on equity of 62.26%. The company had revenue of $46.98 million for the quarter.

Hedge Funds Weigh In On Sezzle

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC purchased a new stake in Sezzle in the 4th quarter worth $25,000. Rhumbline Advisers bought a new stake in shares of Sezzle in the second quarter worth about $203,000. Bank of New York Mellon Corp purchased a new stake in shares of Sezzle in the second quarter worth about $611,000. Finally, Vanguard Group Inc. bought a new position in Sezzle during the first quarter valued at approximately $13,369,000. Institutional investors own 2.02% of the company’s stock.

Insiders Place Their Bets

In related news, Director Paul Paradis sold 1,645 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $102.89, for a total value of $169,254.05. Following the completion of the transaction, the director now owns 186,272 shares of the company’s stock, valued at approximately $19,165,526.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Paul Paradis sold 1,645 shares of Sezzle stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $102.89, for a total transaction of $169,254.05. Following the sale, the director now owns 186,272 shares of the company’s stock, valued at approximately $19,165,526.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul Martin Purcell sold 23,737 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $86.31, for a total value of $2,048,740.47. Following the completion of the transaction, the director now directly owns 414,873 shares in the company, valued at $35,807,688.63. The disclosure for this sale can be found here. Insiders sold a total of 84,114 shares of company stock worth $7,225,625 over the last three months. 57.65% of the stock is currently owned by company 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.