Sezzle Inc. former director sells over $496k in company stock

In a recent transaction, Paul Martin Purcell, a former director of Sezzle Inc. (NYSE:SEZL), sold 3,808 shares of the company's common stock. The sale, which took place on August 28, 2024, netted a total of approximately $496,628, with the price per share averaging $130.42.

The transaction was disclosed in a filing with the Securities and Exchange Commission. Following the sale, Purcell's holdings in Sezzle Inc. amount to 199,607 shares. It's worth noting that the shares were sold indirectly through Continental Investment Partners, LLC, indicating Purcell's association with the entity.

Sezzle Inc., headquartered in Minneapolis, operates in the business services sector, providing payment processing solutions. The sale by a former director could be of interest to investors and market watchers, as insider transactions can provide insights into the company's performance and future prospects.

Investors in Sezzle Inc. are always attuned to the movements of company insiders, as these can sometimes reflect the confidence level of those who are, or have been, closely involved with the company's operations.

In other recent news, Sezzle Inc. has seen significant changes in its board of directors, with the resignations of Michael Cutter and Paul Alan Lahiff, and the appointments of Stephen F. East and Kyle M. Brehm. Both new directors meet NASDAQ's independence and financial expertise requirements. In terms of financial performance, Sezzle has maintained profitability since 2023, a trend that continued into the first quarter of 2024, according to recent reports. B. Riley initiated coverage on Sezzle with a Buy rating, acknowledging the company's growth in the rapidly expanding buy-now-pay-later sector. The firm also set a price target of $113.00, based on a 16 times multiple on its 2025 earnings per share estimate. Furthermore, Sezzle has authorized an additional $15 million stock repurchase program, reflecting the company's confidence in its momentum and commitment to maximizing shareholder value. These are some of the recent developments surrounding Sezzle Inc.

InvestingPro Insights

As investors parse the details of Paul Martin Purcell's recent stock sale in Sezzle Inc., it's valuable to consider the broader financial landscape of the company, as presented by InvestingPro's real-time data and analytics. Sezzle Inc. has demonstrated a robust financial performance with a significant revenue growth of 39.33% over the last twelve months as of Q2 2024. This growth is further emphasized by an impressive quarterly revenue growth rate of 60.2% in Q2 2024.

The company's profitability metrics are also noteworthy, with a P/E ratio currently standing at 18.83, which aligns with the market's valuation of its earnings. However, when adjusted for the last twelve months as of Q2 2024, the P/E ratio is more attractive at 10.59, suggesting a potentially undervalued stock in comparison to its earnings performance. Additionally, Sezzle's return on assets is a strong 22.83%, indicating efficient management of its assets to generate profits.

InvestingPro Tips highlight two key aspects: Sezzle Inc. is expected to see net income growth this year, and the company has been profitable over the last twelve months. These insights, pulled from a pool of over ten additional tips available on InvestingPro, provide valuable context for investors considering the company's future profitability and growth trajectory.

Moreover, the company's stock has experienced a strong return over the last month and three months, with total price returns of 58.95% and 64.94%, respectively. This performance is in line with the stock's high price volatility, a characteristic that traders may find appealing for potential gains.

For a more comprehensive analysis and additional insights into Sezzle Inc., investors may refer to the full list of InvestingPro Tips at https://www.investing.com/pro/SEZL.

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