Sezzle (NASDAQ:SEZL) Releases FY 2024 Earnings Guidance

Sezzle (NASDAQ:SEZL) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 9.800- for the period, compared to the consensus estimate of 10.900. The company issued revenue guidance of $247.1 million-, compared to the consensus revenue estimate of $249.2 million.

Sezzle Stock Performance

Shares of NASDAQ SEZL traded up $26.15 during mid-day trading on Wednesday, hitting $259.57. The company had a trading volume of 145,257 shares, compared to its average volume of 128,325. Sezzle has a 12 month low of $18.23 and a 12 month high of $477.52. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 27.61 and a beta of 9.72. 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’s 50 day simple moving average is $326.93 and its two-hundred day simple moving average is $204.37.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. B. Riley reissued a “buy” rating and set a $372.00 price target (up previously from $353.00) on shares of Sezzle in a report on Thursday, December 19th. Northland Securities lifted their price objective on shares of Sezzle from $300.00 to $360.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th.

Insider Buying and Selling

In other Sezzle news, Director Kyle M. Brehm purchased 110 shares of the stock in a transaction dated Thursday, December 5th. The shares were bought at an average cost of $360.00 per share, with a total value of $39,600.00. Following the completion of the acquisition, the director now owns 3,718 shares of the company’s stock, valued at approximately $1,338,480. This trade represents a 3.05 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Amin Sabzivand sold 1,500 shares of the company’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $205.57, for a total transaction of $308,355.00. Following the completion of the sale, the chief operating officer now directly owns 46,860 shares of the company’s stock, valued at $9,633,010.20. The trade was a 3.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,207 shares of company stock valued at $3,518,562 in the last three months. 57.65% of the stock is currently owned by corporate insiders.

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.