In a recent transaction, Justin Krause, the Senior Vice President of Finance and Controller at Sezzle Inc. (NYSE:SEZL), sold shares of the company's stock, leading to a noteworthy change in his holdings. On July 9, 2024, Krause sold a total of 1,619 shares at an average price of $98.00 per share, resulting in a total sale value of $158,662.
This transaction followed Krause's acquisition of the same number of shares through an option exercise at a price of $1.90 per share, costing a total of $3,076. It's important to note that this buy transaction was part of an option exercise and not an open market purchase.
Following the sale, Krause's direct ownership in Sezzle Inc. stands at 16,533 shares of common stock. These transactions reflect activity on a single day and provide a snapshot of the executive's trading activity.
Investors often monitor insider buying and selling as it can provide insights into a company's financial health and future prospects. Transactions by high-level executives can be particularly noteworthy, given their in-depth knowledge of the company.
Sezzle Inc. is a company incorporated in Delaware and is classified under the business services sector. The company's common stock is traded on the New York Stock Exchange under the ticker symbol SEZL.
In other recent news, Sezzle Inc., a buy-now-pay-later service provider, has been rated as a 'Buy' by B. Riley, citing its strong growth potential and transition into profitability. The firm has set a price target of $113.00, based on a 16 times multiple on its 2025 earnings per share estimate. Sezzle's robust growth is attributed to its 0% APR point-of-sale financing that benefits both retailers and customers, contributing to significant incremental sales.
Sezzle's financial performance has been strong, achieving net income profitability for the full year of 2023 and maintaining this profitability into the first quarter of 2024. B. Riley anticipates Sezzle to continue its expansion by adding more retail partners, growing its consumer subscription services, and potentially partnering with a fintech bank to offer additional banking services.
These developments come amidst the rapidly expanding buy-now-pay-later sector, expected to grow at a compound annual growth rate of 20% over the next decade. B. Riley believes that Sezzle is well-positioned to capitalize on this growth, indicating considerable upside potential for the company.
InvestingPro Insights
Sezzle Inc. (NYSE:SEZL), a player in the business services sector, has exhibited some compelling financial metrics and stock performance that investors might want to consider. As of the last twelve months as of Q1 2024, the company has demonstrated a robust revenue growth of 29.45%, signaling a strong upward trajectory in its financial performance. This is further underscored by a substantial gross profit margin of 48.4%, indicating efficient management and a healthy difference between the cost of goods sold and net sales.
The stock itself has been on a notable upward trend, with a six-month price total return of an impressive 477.56%, showcasing significant investor confidence and market momentum. This is aligned with one of the InvestingPro Tips, which highlights that Sezzle Inc. has seen a strong return over the last month and three months, with figures of 20.53% and 38.63% respectively.
Investors looking to delve deeper into Sezzle's financials and stock performance can find more InvestingPro Tips, such as the company's expected net income growth this year and its trading at a low P/E ratio relative to near-term earnings growth. With 11 additional tips available on InvestingPro, investors can gain a more comprehensive understanding of SEZL's investment potential. To access these insights, visit https://www.investing.com/pro/SEZL and consider using the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription.
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