Paul Martin Purcell, a former director of Sezzle Inc. (NYSE:SEZL), has recently sold 797 shares of the company’s common stock, as disclosed in a regulatory filing with the Securities and Exchange Commission. The transaction, which took place on September 20, 2024, was executed at an average price of $165.0778 per share, amounting to a total value of approximately $131,567.
Following the sale, Purcell retains ownership of 119,250 shares in Sezzle Inc., which are held indirectly through Continental Investment Partners, LLC. This transaction is part of the normal course of events where company insiders periodically buy and sell shares. It’s important for investors to keep track of such insider transactions as they can provide valuable insights into a company’s health and the sentiment of its executives and directors.
Sezzle Inc., a company incorporated in Delaware, is known for its business services in the sector of trade and services. The company’s headquarters is located in Minneapolis, MN, and it operates under the trading symbol SEZL on the New York Stock Exchange.
Investors and stakeholders in Sezzle Inc. often monitor these filings to stay informed about the financial decisions made by the company’s insiders. The recent sale by Purcell may be of interest to current and potential shareholders as they assess the stock’s performance and insider confidence.
In other recent news, Sezzle Inc. underwent significant board changes with the resignation of Michael Cutter and Paul Alan Lahiff, and the appointment of Stephen F. East and Kyle M. Brehm. These changes, as disclosed in a recent SEC filing, were not due to disagreements with the company’s operations, policies, or practices. Subsequently, B. Riley initiated coverage on Sezzle with a Buy rating, highlighting the company’s transition into profitability and its potential for high growth within the rapidly expanding buy-now-pay-later sector. The firm set a price target of $113.00, based on a 16 times multiple on its 2025 earnings per share estimate. 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 are some of the recent developments surrounding Sezzle.
InvestingPro Insights
Sezzle Inc. (NYSE:SEZL) has been capturing the attention of investors with its notable performance metrics. According to the latest data from InvestingPro, the company exhibits a robust market capitalization of approximately $915.01 million, reflecting investor confidence in its business model and growth prospects. The company’s Price/Earnings (P/E) ratio stands at an attractive 18.67, which is adjusted to an even more compelling 13.05 when considering the last twelve months as of Q2 2024. This suggests that investors are recognizing the potential for earnings growth relative to Sezzle’s share price.
InvestingPro Tips highlight that Sezzle’s net income is expected to grow this year, which aligns with the company’s impressive revenue growth of 39.33% over the last twelve months as of Q2 2024. This growth trajectory is further evidenced by a quarterly revenue increase of 60.2% in Q2 2024. Additionally, the company’s strong returns are evident with a 1-year price total return of 1117.59%, showcasing the stock’s remarkable performance for shareholders over the past year.
Despite the recent insider sale, these financial metrics may indicate underlying strength in Sezzle’s business and future prospects. Investors interested in more insights can find additional InvestingPro Tips for Sezzle Inc., providing a deeper dive into the company’s financial health and stock performance. In fact, there are 14 additional tips available on InvestingPro’s platform for those looking to make an informed investment decision.
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