Sezzle Inc. (NASDAQ: SEZL) is back in the spotlight on Tuesday, December 16, 2025, after the company authorized a new $100 million stock repurchase program—a fresh catalyst for a name that’s already known for big swings, strong opinions, and the occasional “what just happened?” price move.
In early trading, Sezzle shares were up roughly 10% and trading around the low $70s, as markets digested the buyback announcement and looked ahead to Sezzle’s scheduled investor-conference appearance today. [1]
Below is what’s driving the move, what management has actually said (and what they carefully didn’t promise), and how forecasts and analyst outlooks stack up as of 16.12.2025.
What happened: Sezzle authorizes a new $100 million stock repurchase program
On December 15, 2025 (after the market close), Sezzle announced its board authorized the repurchase of an additional $100 million in common stock—after completing the company’s prior $50 million repurchase program that was originally announced on March 10, 2025. [2]
Key details investors are reacting to:
- Cumulative repurchases: Sezzle says it has repurchased 2.9 million shares across its repurchase programs at an average purchase price of $24.03. [3]
- No expiration date: The new authorization has no fixed expiration, giving Sezzle flexibility to buy (or not buy) depending on market conditions. [4]
- Execution mechanics: Repurchases are expected to be made in open-market transactions under SEC Rule 10b-18, and the program can be extended, suspended, or discontinued at Sezzle’s discretion. [5]
CEO Charlie Youakim framed the move as a function of Sezzle’s financial position and long-term conviction—classic buyback language, but still meaningful when paired with actual follow-through (completing the prior $50M program). [6]
Why SEZL stock is moving now: buyback timing meets a high-volatility setup
A buyback announcement doesn’t automatically equal “shares go up,” but it tends to matter more when three ingredients are present:
- A credible track record (Sezzle just finished the previous program)
- A volatile stock (so marginal demand can move price quickly)
- A market narrative already primed for catalysts (index inclusion + investor event + short interest)
Sezzle checks all three.
MarketBeat has highlighted SEZL’s extreme volatility characteristics (including a high beta) and a very wide 52-week trading range—conditions where buyback headlines can act like a match near a gas stove. [7]
Today’s scheduled catalyst: Northland Growth Conference on Dec. 16
Sezzle is also on the calendar today for the Northland Growth Conference, which is listed as a virtual event at 9:00 AM ET on December 16, 2025. [8]
Conference appearances can matter for smaller, fast-moving names because:
- New investors hear the story “live,” often with fresher framing than an earnings press release
- Management Q&A can clarify priorities (especially around credit performance and growth efficiency)
- Any updated commentary can become the next headline—whether or not it technically counts as “new guidance”
Sezzle’s IR site is explicitly flagging the event as the key “upcoming” item today. [9]
Recent index-driven tailwinds: S&P SmallCap 600 inclusion became effective Dec. 15
Just one day before the buyback announcement, another structural catalyst landed: Sezzle joined the S&P SmallCap 600 effective prior to the open on Monday, December 15, 2025, replacing Vital Energy. [10]
Why that matters:
- Passive flows: Index trackers and benchmarked funds often need to buy shares around reconstitution dates.
- Liquidity and visibility: Small-cap membership can lift institutional awareness even when the business hasn’t changed.
This doesn’t guarantee sustained upside (index flows are often “one-and-done”), but the timing is notable: index inclusion → buyback authorization → investor conference, all clustered together.
The fundamental backdrop: Sezzle’s record Q3 and the company’s outlook into 2026
The buyback headline lands on top of a business narrative that has been increasingly profit-forward.
In its Q3 2025 results, Sezzle reported:
- Quarterly GMV exceeding $1 billion for the first time (+58.7% YoY)
- Total revenue of $116.8 million (+67.0% YoY)
- Net income of $26.7 million (+72.7% YoY), with margin expansion
- Adjusted EBITDA of $39.6 million (+74.6% YoY) [11]
On liquidity, Sezzle reported $134.7 million in cash and cash equivalents as of Sept. 30, 2025 (with $30.5M restricted), and noted an amendment that expanded borrowing capacity to $225 million by exercising an accordion feature. [12]
Guidance snapshot investors are re-reading today
Sezzle also published a detailed guidance table that includes:
- FY2025 updated targets (including Adjusted Net Income per diluted share of $3.38)
- Preliminary FY2026 guidance for Adjusted Net Income per diluted share of $4.35 [13]
That $4.35 2026 figure, in particular, is now showing up repeatedly in market commentary because it gives investors a forward “earnings anchor” to argue about valuation.
Forecasts and analyst outlooks: big dispersion, high conviction, and mixed “consensus” numbers
Here’s the reality of Sezzle coverage as of Dec. 16, 2025: different data aggregators can show different “consensus” pictures depending on which analysts they include and how frequently they refresh.
MarketScreener: “BUY” consensus and triple-digit average target
MarketScreener lists:
- Mean consensus: BUY
- Number of analysts: 4
- Average target price: $108.50
- Last close price: $66.17 (as displayed on the page) [14]
MarketBeat: “Moderate Buy,” but split recommendations and ~$113 target
MarketBeat reports a split analyst stance (buys and holds) and a consensus price target of $113 (as of its December analyst coverage story). [15]
MarketBeat also references a mix of specific firm targets, including figures around $110–$111 (UBS and B. Riley) and a more conservative $82 from TD Cowen coverage initiation earlier in the cycle. [16]
TipRanks: most recent rating shown as “Buy” with a $77 target
TipRanks’ company announcement coverage of the buyback notes the most recent analyst rating it displays as Buy with a $77 price target. [17]
What to do with the mismatch?
The spread between $77 and $108–$113 (and wider ranges referenced in commentary) is not a rounding error—it’s the market telling you SEZL is a “high-disagreement” stock:
- Bulls see a profitable BNPL platform with operating leverage and a shareholder-return pivot.
- Bears see a volatile lender in a regulatory crosscurrent where credit loss surprises can hit fast.
A Seeking Alpha contributor piece published yesterday (Dec. 15) leans bullish, rating the stock “Strong Buy” and arguing for upside on valuation and growth assumptions (with a $100 target cited in its summary). [18]
Meanwhile, an AInvest commentary post published early today frames the buyback as a confidence signal but explicitly flags valuation tension and sector competition. (Worth reading as sentiment, but remember it’s labeled as AI-generated content.) [19]
The risk side investors are watching: short interest and BNPL regulation headlines
Short interest is elevated
High short interest can be fuel for sharp rallies—but it’s also a sign that a meaningful cohort is betting against the business or valuation.
- A TipRanks / TheFly short report says short interest as a percentage of free float jumped to 24.2%, described as a record high in that note, with days-to-cover also rising. [20]
- MarketBeat’s short-interest page lists Sezzle at ~24.43% of public float as of November 28, 2025, with a days-to-cover ratio of 5.6. [21]
If SEZL rises quickly on buybacks + index-related positioning, shorts can get pressured. But if the stock rolls over, high short interest can also be read as “the market smells smoke.”
Regulatory scrutiny remains a sector overhang
On the broader BNPL landscape, a multistate coalition led by Connecticut’s Attorney General announced an inquiry into BNPL providers, seeking information about pricing structures, disclosures, repayment terms, and consumer protections. [22]
Sezzle’s own buyback press release explicitly lists increased regulatory scrutiny of the BNPL industry as a risk factor, alongside macro conditions and competitive pressure. [23]
That combination—regulators asking questions and companies warning investors about scrutiny—doesn’t automatically mean new restrictions are imminent. But it does mean BNPL stocks can reprice quickly when policy headlines hit.
The bull case vs. bear case for Sezzle stock into 2026
Why bulls think SEZL can keep running
- Profitability + growth: Record Q3 GMV and revenue growth with meaningful profitability metrics. [24]
- Capital return posture: Completion of the prior program and a new $100M authorization signals willingness to return capital. [25]
- Visibility boosts: S&P SmallCap 600 inclusion can expand the shareholder base. [26]
- Setup dynamics: Elevated short interest can amplify upside moves if momentum builds. [27]
Why bears stay skeptical
- High volatility is not a footnote: This stock can move violently in both directions, and analyst targets are unusually dispersed. [28]
- BNPL is politically and regulatorily “loud”: scrutiny can compress valuations even when fundamentals look strong. [29]
- Buyback flexibility cuts both ways: “No expiration” also means “no obligation.” The program is authorization, not a guaranteed bid. [30]
What to watch next (starting today)
If you’re tracking Sezzle as of Dec. 16, 2025, the near-term watchlist is pretty clear:
- Any commentary from the Northland Growth Conference—especially around credit performance, holiday demand trends, and 2026 execution priorities. [31]
- Evidence of buyback execution (future disclosures, pace, and price discipline). [32]
- Post-index-inclusion trading behavior—does liquidity stabilize or does the stock revert once passive flows fade? [33]
- Short-interest updates—because in a stock like this, positioning can be as market-moving as fundamentals. [34]
- BNPL regulatory headlines—inquiries can evolve into guidance, settlements, or new rules over time. [35]
Sezzle is doing something very “small-cap dramatic” right now: pairing a real operational story (profitability + growth) with a capital allocation headline (buyback) and structural market catalysts (index inclusion, investor events). Whether that becomes a sustained rerating or just another volatility chapter depends on what management delivers after the headlines—and how the market prices BNPL risk in 2026
References
1. www.marketscreener.com, 2. www.globenewswire.com, 3. www.globenewswire.com, 4. www.globenewswire.com, 5. www.globenewswire.com, 6. www.globenewswire.com, 7. www.marketbeat.com, 8. ir.onetetra.com, 9. investors.sezzle.com, 10. press.spglobal.com, 11. sezzle.com, 12. sezzle.com, 13. sezzle.com, 14. www.marketscreener.com, 15. www.marketbeat.com, 16. www.marketbeat.com, 17. www.tipranks.com, 18. seekingalpha.com, 19. www.ainvest.com, 20. www.tipranks.com, 21. www.marketbeat.com, 22. portal.ct.gov, 23. www.globenewswire.com, 24. sezzle.com, 25. www.globenewswire.com, 26. press.spglobal.com, 27. www.tipranks.com, 28. www.marketbeat.com, 29. portal.ct.gov, 30. www.globenewswire.com, 31. ir.onetetra.com, 32. www.globenewswire.com, 33. press.spglobal.com, 34. www.marketbeat.com, 35. portal.ct.gov
