B. Riley Begins Coverage on Sezzle (NASDAQ:SEZL)

B. Riley started coverage on shares of Sezzle (NASDAQ:SEZL) in a research note published on Wednesday, Marketbeat reports. The brokerage issued a buy rating and a $113.00 price objective on the stock. B. Riley also issued estimates for Sezzle’s Q2 2024 earnings at $0.85 EPS, Q3 2024 earnings at $1.21 EPS, Q4 2024 earnings at $1.49 EPS, FY2024 earnings at $4.89 EPS and FY2025 earnings at $7.07 EPS.

Sezzle Price Performance

NASDAQ:SEZL opened at $88.22 on Wednesday. The stock has a market cap of $500.21 million and a P/E ratio of 38.69. Sezzle has a one year low of $7.15 and a one year high of $100.00. The company has a fifty day moving average price of $71.17 and a 200 day moving average price of $53.82. The company has a debt-to-equity ratio of 2.42, a current ratio of 2.06 and a quick ratio of 2.06.

Sezzle (NASDAQ:SEZL) last released its earnings results on Wednesday, May 8th. The company reported $1.34 EPS for the quarter. The firm had revenue of $46.98 million during the quarter. Sezzle had a net margin of 7.79% and a return on equity of 62.26%.

Insider Activity at Sezzle

In other news, Director Paul Paradis sold 1,645 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $86.96, for a total value of $143,049.20. Following the completion of the transaction, the director now owns 201,681 shares in the company, valued at approximately $17,538,179.76. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Paul Paradis sold 1,645 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $86.96, for a total value of $143,049.20. Following the completion of the transaction, the director now owns 201,681 shares in the company, valued at approximately $17,538,179.76. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Justin Krause sold 2,000 shares of the stock in a transaction on Monday, June 24th. The shares were sold at an average price of $80.04, for a total transaction of $160,080.00. Following the completion of the transaction, the senior vice president now owns 14,658 shares of the company’s stock, valued at approximately $1,173,226.32. The disclosure for this sale can be found here. Insiders sold a total of 54,113 shares of company stock worth $4,429,283 in the last ninety days. 57.65% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sezzle

A hedge fund recently bought a new stake in Sezzle stock. Tower Research Capital LLC TRC bought a new position in shares of Sezzle Inc. (NASDAQ:SEZL) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 1,223 shares of the company’s stock, valued at approximately $25,000. 2.02% of the stock is currently owned by hedge funds and other institutional investors.

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.