Sezzle Inc. (ASX:SZL) Chief Financial Officer Karen Hartje has sold 1,000 shares of the company's common stock at a price of $152 per share, resulting in a total transaction value of $152,000. The sale occurred on September 17, as disclosed in a recent filing with the Securities and Exchange Commission.
The transaction has adjusted Hartje's holding in the company to 35,961 shares of Sezzle Inc.'s common stock following the sale. The shares were sold directly, indicating that the transaction was not conducted through a trust or other intermediary.
Investors often monitor insider sales as they can provide insights into an executive's perspective on the company's current valuation and future prospects. However, it is also common for executives to sell shares for personal financial management, diversification, or liquidity reasons.
Sezzle Inc., headquartered in Minneapolis, operates in the financial technology sector, offering payment solutions that aim to empower consumers and merchants with a focus on responsible spending.
The company's stock is traded on the Australian Securities Exchange under the ticker symbol ASX:SZL. Investors and stakeholders will likely keep an eye on the company's stock performance and any further insider trading activity for indications of Sezzle's operational health and strategic direction.
In other recent news, Sezzle Inc. has undergone board changes with the departure of Michael Cutter and Paul Alan Lahiff, and the appointment of Stephen F. East and Kyle M. Brehm. The new board members meet NASDAQ’s independence and financial expertise requirements and have entered into the company’s standard form of directors’ indemnification agreement. In the realm of financial performance, Sezzle has been recognized for its transition into profitability, maintaining net income profitability from 2023 into the first quarter of 2024. B. Riley, an analyst firm, has initiated coverage on Sezzle with a Buy rating and a price target of $113.00 based on its 2025 earnings per share estimate. The firm sees potential for Sezzle to expand by adding more retail partners and growing its consumer subscription services. Additionally, Sezzle has authorized an additional $15 million stock repurchase program, indicating the company's confidence in its ongoing momentum and commitment to maximizing shareholder value. These are some of the recent developments surrounding Sezzle.
InvestingPro Insights
Following the recent sale of shares by Sezzle Inc. (ASX:SZL) CFO Karen Hartje, investors might be curious about the company’s financial health and stock performance. According to InvestingPro data, Sezzle boasts a robust market capitalization of approximately $833.14 million USD. The company's Price/Earnings (P/E) ratio stands at 18.67, while the adjusted P/E ratio for the last twelve months as of Q2 2024 is more attractive at 11.95. This could indicate that the company is potentially undervalued based on its earnings.
Sezzle has experienced significant revenue growth of 39.33% over the last twelve months as of Q2 2024, with an impressive quarterly revenue growth rate of 60.2% in Q2 2024. This substantial growth trajectory suggests that Sezzle is expanding its market presence and financial footprint effectively. Furthermore, the company has been profitable over the last twelve months, which is a reassuring sign for investors.
InvestingPro Tips highlight that Sezzle's stock generally trades with high price volatility but has shown a strong return over the last month, three months, and six months. The company's stock has surged with a six-month price total return of 151.36%, which is a testament to its performance in the market. Additionally, analysts predict that Sezzle will be profitable this year, which could provide further confidence for potential investors.
For those considering an investment in Sezzle or monitoring the stock for portfolio adjustments, there are 11 additional InvestingPro Tips available, offering deeper insights into the company's performance and future outlook. These tips can be accessed by visiting the InvestingPro platform specifically for Sezzle at https://www.investing.com/pro/SZL.
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