B. Riley Has Positive Forecast for Sezzle FY2024 Earnings

Sezzle Inc. (NASDAQ:SEZL - Free Report) - Equities researchers at B. Riley lifted their FY2024 EPS estimates for Sezzle in a research report 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 prior 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 boosted their target price on Sezzle from $300.00 to $360.00 and gave the company an "outperform" rating in a report on Thursday.

Sezzle Stock Performance

NASDAQ:SEZL traded down $6.49 during trading hours on Monday, reaching $264.67. 100,937 shares of the company's stock were exchanged, compared to its average volume of 92,960. Sezzle has a 1-year low of $16.23 and a 1-year high of $477.52. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 28.16 and a beta of 9.23. The company has a 50-day moving average of $310.72 and a 200 day moving average of $183.58.

Institutional Investors Weigh In On Sezzle

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Covestor Ltd purchased a new position in shares of Sezzle in the third quarter valued at $38,000. SG Americas Securities LLC acquired a new stake in Sezzle in the 3rd quarter valued at about $165,000. Wilmington Savings Fund Society FSB purchased a new position in Sezzle during the 3rd quarter valued at about $188,000. Rhumbline Advisers acquired a new position in Sezzle during the second quarter worth about $203,000. Finally, MetLife Investment Management LLC lifted its holdings in shares of Sezzle by 129.2% in the third quarter. MetLife Investment Management LLC now owns 1,446 shares of the company's stock valued at $247,000 after purchasing an additional 815 shares in the last quarter. 2.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Sezzle

In related news, Director Paul Paradis sold 4,026 shares of the firm's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $400.00, for a total value of $1,610,400.00. Following the completion of the sale, the director now owns 68,846 shares in the company, valued at $27,538,400. This trade represents a 5.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Justin Krause sold 1,500 shares of the company's stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $178.00, for a total transaction of $267,000.00. Following the transaction, the senior vice president now owns 16,533 shares in the company, valued at $2,942,874. The trade was a 8.32 % 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 worth $7,173,293 over the last ninety days. 57.65% of the stock is currently owned by company 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.