Former Director of Sezzle Inc. (NYSE:SEZL), Paul Purcell, has sold a total of 1,930 shares of company stock on July 22, 2024, according to a recent SEC filing. The shares were sold at an average price of $85.5846, amounting to a total value of $165,178.
The transaction has adjusted Purcell's holdings in the company to 351,851 shares of common stock, which are held indirectly through Continental Investment Partners, LLC. Details of the sale were made public in a Form 4 document filed with the Securities and Exchange Commission on July 23.
Sezzle Inc., headquartered in Minneapolis, operates in the business services sector, providing payment processing solutions. The company's stock is traded under the ticker symbol SEZL on the New York Stock Exchange.
Investors often monitor insider transactions as they may provide insights into the company's performance and insiders' view of the stock's value. However, these transactions may also be part of personal financial management strategies and do not always indicate a change in company prospects.
The sale represents a significant transaction for Purcell, who has previously served as a director of the company. It is not uncommon for executives and former executives to engage in stock transactions, but the filing provides transparency and allows investors to stay informed about significant insider trades.
In other recent news, Sezzle Inc. has seen significant changes at the board level and has been recognized for its strong growth and transition into profitability. The company recently disclosed board member alterations, with Michael Cutter and Paul Alan Lahiff resigning and the appointment of Stephen F. East and Kyle M. Brehm. Both East and Brehm meet NASDAQ’s independence and financial expertise requirements and will serve as non-employee directors until the next Annual Meeting of Stockholders.
Furthermore, Sezzle's financial performance has been impressive, maintaining net income profitability from the full year of 2023 into the first quarter of 2024. The company's robust incremental sales have been fueled by its 0% APR point-of-sale financing, benefitting both retailers and customers. B. Riley, a financial services firm, initiated coverage on Sezzle with a Buy rating, citing the company's promising trajectory within the rapidly expanding sector.
B. Riley also set a price target of $113.00 for Sezzle, based on a 16 times multiple on its 2025 earnings per share estimate. The firm anticipates Sezzle to continue its expansion by adding more retail partners and growing its consumer subscription services. There's also potential for Sezzle to partner with a fintech bank to offer additional banking services. These are some of the recent developments surrounding Sezzle.
InvestingPro Insights
Sezzle Inc. (NYSE:SEZL) has been making waves in the financial sector with its innovative payment solutions, and recent market data from InvestingPro provides a deeper look into the company's performance. With a market capitalization of $483.58 million, Sezzle is considered a mid-sized player in the industry. The company's Price/Earnings (P/E) ratio stands at 35.46, reflecting investor expectations of future earnings growth. Notably, the P/E ratio adjusted for the last twelve months as of Q1 2024 is significantly lower at 13.65, suggesting a more favorable valuation when considering near-term earnings potential.
Investors interested in Sezzle's growth trajectory will find the company's revenue growth figures enlightening. The company has seen a substantial increase in revenue, with a 29.45% growth over the last twelve months as of Q1 2024, and an even more impressive quarterly revenue growth of 35.49% for Q1 2024. This robust growth is complemented by a strong gross profit margin of 48.4%, indicating efficient management and a solid business model.
Among the various InvestingPro Tips, two particularly stand out for Sezzle Inc. The company is expected to see net income growth this year, a positive signal for potential investors. Additionally, Sezzle is trading at a low P/E ratio relative to its near-term earnings growth, suggesting that the stock could be undervalued. With 11 additional tips available on InvestingPro, investors can gain comprehensive insights into Sezzle's financial health and make informed decisions.
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