B. Riley Comments on Sezzle’s FY2024 Earnings (NASDAQ:SEZL)

Sezzle Inc. (NASDAQ:SEZL) – Research analysts at B. Riley raised their FY2024 earnings per share (EPS) estimates for shares of Sezzle in a note issued to investors on Thursday, December 19th. B. Riley analyst H. Goetsch now expects that the company will earn $9.85 per share for the year, up from their previous forecast of $9.78. B. Riley has a “Buy” rating and a $372.00 price target 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 target price on shares of Sezzle from $300.00 to $360.00 and gave the company an “outperform” rating in a research note on Thursday.

Sezzle Stock Up 11.4 %

SEZL opened at $271.16 on Monday. The business has a 50 day moving average of $310.72 and a 200-day moving average of $183.58. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 28.85 and a beta of 9.23. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54. Sezzle has a 1-year low of $15.00 and a 1-year high of $477.52.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Covestor Ltd bought a new stake in shares of Sezzle in the 3rd quarter valued at approximately $38,000. SG Americas Securities LLC acquired a new stake in Sezzle in the 3rd quarter valued at $165,000. Wilmington Savings Fund Society FSB bought a new stake in Sezzle in the third quarter valued at $188,000. Rhumbline Advisers acquired a new position in Sezzle during the second quarter worth $203,000. Finally, MetLife Investment Management LLC lifted its holdings in shares of Sezzle by 129.2% during the third quarter. MetLife Investment Management LLC now owns 1,446 shares of the company’s stock valued at $247,000 after acquiring an additional 815 shares during the period. Institutional investors and hedge funds own 2.02% of the company’s stock.

Insider Activity at Sezzle

In related news, SVP Justin Krause sold 1,500 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $178.00, for a total value of $267,000.00. Following the completion of the transaction, the senior vice president now directly owns 16,533 shares of the company’s stock, valued at $2,942,874. This trade represents a 8.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul Martin Purcell sold 809 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $180.21, for a total transaction of $145,789.89. Following the completion of the sale, the director now directly owns 101,641 shares in the company, valued at $18,316,724.61. This trade represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,648 shares of company stock worth $7,173,293 over the last three months. Company insiders own 57.65% of the company’s stock.

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.