Just to add, B.Rileys report suggested a modest target of $113...

Just to add, B.Rileys report suggested a modest target of $113 and they gave us their calcs which were a 16x multiple on future FY25 earnings of about $40m. I think there's about 5.8m shares on issue at the mo.

Sezzle currently has a FY24 earnings forecast of $30m. Watch for changes in this $30m because it could affect the price target above by not only affecting the actual FY25 forecast itself but also the multiple (which may need to be higher if higher growth is seen).

play around with some figures. e.g.

$30m x 16, divide by 5.8m shares gives you $82
$40m x 16, divide by 5.8m gives you $110
$50m... etc

Then change the multiple lower and higher too.

Overall, watch for changes in their earnings forecast and overall growth too, when they next report. The one thing lacking in recent reports imo has been any growth in customer numbers.