Sezzle (NASDAQ:SEZL) Updates FY 2024 Earnings Guidance

Sezzle (NASDAQ:SEZL) updated its FY 2024 earnings guidance on Thursday. 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 3.5 %

NASDAQ:SEZL traded up $8.44 during midday trading on Thursday, hitting $250.47. The stock had a trading volume of 138,471 shares, compared to its average volume of 84,866. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 35.73 and a beta of 8.49. The stock has a 50-day moving average of $173.51 and a 200 day moving average of $115.21. Sezzle has a one year low of $9.01 and a one year high of $269.16.

Sezzle (NASDAQ:SEZL) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $1.33. The firm had revenue of $55.97 million during the quarter, compared to analysts’ expectations of $43.35 million. Sezzle had a return on equity of 84.38% and a net margin of 21.77%. As a group, sell-side analysts forecast that Sezzle will post 6.71 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SEZL shares. B. Riley raised their target price on Sezzle from $132.00 to $163.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Northland Securities restated an “outperform” rating and set a $185.00 target price (up from $150.00) on shares of Sezzle in a research report on Monday, September 23rd.

Insider Buying and Selling

In other news, Director Paul Martin Purcell sold 29,924 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $121.61, for a total transaction of $3,639,057.64. Following the transaction, the director now directly owns 269,716 shares in the company, valued at $32,800,162.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Sezzle news, Director Paul Martin Purcell sold 29,924 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $121.61, for a total value of $3,639,057.64. Following the sale, the director now owns 269,716 shares of the company’s stock, valued at $32,800,162.76. The trade was a 0.00 % 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 link. Also, SVP Justin Krause sold 1,500 shares of the company’s stock in a transaction 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 sale, the senior vice president now directly owns 16,533 shares in the company, valued at $2,281,554. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 160,989 shares of company stock worth $22,207,483. 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.