B. Riley Has Positive Forecast for Sezzle FY2024 Earnings

Sezzle Inc. (NASDAQ:SEZL) – Stock analysts at B. Riley upped their FY2024 earnings per share estimates for shares of Sezzle in a research note issued on Thursday, December 19th. B. Riley analyst H. Goetsch now forecasts that the company will post earnings of $9.85 per share for the year, up from their previous estimate of $9.78. B. Riley has a “Buy” rating and a $372.00 price objective 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 lifted 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.

Sezzle Stock Up 11.4 %

SEZL stock opened at $271.16 on Monday. 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 firm has a market capitalization of $1.52 billion, a P/E ratio of 28.85 and a beta of 9.23. Sezzle has a 52-week low of $15.00 and a 52-week high of $477.52. The company’s 50 day simple moving average is $310.72 and its 200-day simple moving average is $183.58.

Insider Buying and Selling at Sezzle

In other Sezzle news, Director Paul Martin Purcell sold 2,401 shares of Sezzle stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $465.72, for a total transaction of $1,118,193.72. Following the completion of the sale, the director now owns 58,275 shares of the company’s stock, valued at $27,139,833. This trade represents a 3.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Amin Sabzivand sold 1,500 shares of the company’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $187.00, for a total transaction of $280,500.00. Following the completion of the transaction, the chief operating officer now directly owns 48,360 shares in the company, valued at $9,043,320. This trade represents a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,648 shares of company stock valued at $7,173,293 in the last 90 days. 57.65% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sezzle

Several institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp acquired a new position in Sezzle in the second quarter worth approximately $611,000. Rhumbline Advisers acquired a new position in shares of Sezzle during the 2nd quarter worth $203,000. XTX Topco Ltd bought a new position in shares of Sezzle during the 2nd quarter valued at $544,000. Divisadero Street Capital Management LP acquired a new stake in shares of Sezzle in the 2nd quarter valued at $356,000. Finally, SG Americas Securities LLC bought a new stake in Sezzle in the third quarter worth $165,000. 2.02% of the stock is currently owned by institutional investors and hedge funds.

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.