Sezzle (NASDAQ:SEZL) Releases FY 2024 Earnings Guidance

Sezzle (NASDAQ:SEZL) issued an update on its FY 2024 earnings guidance on Thursday morning. 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.

Sezzle Trading Up 72.3 %

NASDAQ SEZL traded up $181.01 on Friday, hitting $431.48. The company’s stock had a trading volume of 632,223 shares, compared to its average volume of 96,005. The company’s 50-day moving average is $181.76 and its 200 day moving average is $119.24. The firm has a market cap of $2.41 billion, a PE ratio of 45.90 and a beta of 8.49. Sezzle has a 1-year low of $9.75 and a 1-year high of $454.16. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.37.

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

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, SVP Justin Krause sold 1,500 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $2,281,554. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, SVP Justin Krause sold 1,500 shares of Sezzle stock in a transaction 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 sale, the senior vice president now directly owns 16,533 shares in the company, valued at $2,281,554. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul Martin Purcell sold 800 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $126.05, for a total transaction of $100,840.00. Following the completion of the transaction, the director now directly owns 261,797 shares in the company, valued at $32,999,511.85. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 160,989 shares of company stock worth $22,207,483. Insiders own 57.65% of the company’s stock.

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.