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

Sezzle Inc. (NASDAQ:SEZL) – Equities researchers at B. Riley boosted their FY2024 earnings per share (EPS) estimates for Sezzle in a research 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 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 increased their target price on Sezzle from $300.00 to $360.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th.

Sezzle Stock Performance

Shares of SEZL opened at $255.74 on Monday. 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 12-month low of $16.23 and a 12-month high of $477.52. The company has a market cap of $1.43 billion, a PE ratio of 27.21 and a beta of 9.23. The stock has a 50-day moving average price of $312.28 and a 200-day moving average price of $184.79.

Hedge Funds Weigh In On Sezzle

Several hedge funds and other institutional investors have recently modified their holdings of SEZL. Covestor Ltd bought a new position in Sezzle in the third quarter worth $38,000. SG Americas Securities LLC purchased a new position in Sezzle during the 3rd quarter valued at about $165,000. Wilmington Savings Fund Society FSB bought a new stake in Sezzle during the third quarter worth about $188,000. MetLife Investment Management LLC grew its holdings in Sezzle by 129.2% in the third quarter. MetLife Investment Management LLC now owns 1,446 shares of the company’s stock worth $247,000 after purchasing an additional 815 shares during the period. Finally, Verition Fund Management LLC bought a new position in shares of Sezzle during the third quarter valued at approximately $274,000. Hedge funds and other institutional investors own 2.02% of the company’s stock.

Insider Activity

In related news, COO Amin Sabzivand sold 1,500 shares of the company’s stock in a transaction that occurred 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 owns 48,360 shares in the company, valued at $9,043,320. This represents a 3.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul Martin Purcell sold 809 shares of Sezzle 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 owns 101,641 shares in the company, valued at approximately $18,316,724.61. This trade represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,148 shares of company stock valued at $6,906,293. 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.