On July 3, Sezzle rose 5.32% in regular trading, trading at $184.415/share, with turnover of $85.78 million. The rally was driven by bullish investment bank coverage highlighting the company's strong growth trajectory.
Oppenheimer recently issued a research report noting that Sezzle is poised to maintain the fastest gross profit and adjusted EBITDA growth within its coverage universe, benefiting from continued market share expansion, buy-now-pay-later business development, and steady product innovation. Separately, B. Riley raised its target price from $117 to $141 while maintaining a Buy rating. The company's Q1 results significantly exceeded expectations, with adjusted EPS of $1.47 versus the consensus estimate of $1.24, revenue of $136 million representing 29% year-over-year growth, and full-year adjusted EPS guidance raised to $5.10.
Within the Transaction & Payment Processing Services sector, the broader group traded higher. Among peers, Visa up 2.37%, MasterCard up 2.96%, PayPal up 2.59%, Fiserv up 4.22%, and Block up 1.36%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)