The former director of Sezzle Inc. sells over $131,000 worth of stock through Investing.com

Paul Martin Purcell, former director of Sezzle Inc. (NYSE:SEZL), 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, for a total value of approximately $131,567.

Following the sale, Purcell retains ownership of 119,250 shares of 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 these insider trades because they can provide valuable insight into a company’s health and the sentiment of its executives and directors.

Sezzle Inc., a Delaware incorporated company, is known for its business services in the trade and service sector. The company is headquartered in Minneapolis, MN, and trades under the symbol SEZL on the New York Stock Exchange.

Investors and Stakeholders of Sezzle Inc. often monitor these files to stay informed of financial decisions made by company insiders. Purcell’s recent selloff may be of interest to current and potential shareholders as they gauge stock performance and insider confidence.

In other recent news, Sezzle Inc. underwent significant changes to its board of directors 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. B. Riley subsequently initiated coverage of Sezzle with a Buy rating, highlighting the company’s transition to profitability and its high growth potential in the rapidly expanding buy-now-pay-later sector. The firm set a $113.00 price target based on a multiple of 16 times estimated 2025 earnings per share. Sezzle’s financial performance has been strong, achieving net income profitability for the full year 2023 and maintaining that profitability in the first quarter from 2024. B. Riley anticipates that Sezzle will continue its expansion by adding more retail partners, increasing subscription services for consumers 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 captured the attention of investors with its notable performance metrics. According to the latest data from InvestingPro, the company sports a robust market capitalization of around $915.01 million, reflecting investor confidence in its business model and growth prospects. The company’s price-to-earnings (P/E) ratio stands at an attractive 18.67, which is adjusted to an even more compelling 13.05 when we consider the trailing twelve months through Q2 2024. This suggests that investors recognize the potential of earnings growth relative to Sezzle’s share price.

InvestingPro Tips points out that Sezzle’s net income is expected to grow this year, which is in line with the company’s impressive revenue growth of 39.33% over the last twelve months through Q2 2024. This growth trajectory is further highlighted by a quarterly revenue growth of 60.2% in Q2 2024. Furthermore, the company’s strong returns are evident with a 1-year total price return of 1117.59%, showing the stock’s outstanding performance for shareholders over the past year.

Despite the recent selloff, these financials may indicate the underlying strength of Sezzle’s business and future prospects. Investors interested in more information 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 the InvestingPro platform for those looking to make an informed investment decision.

This article was generated with support from AI and reviewed by an editor. For more information, see T&C.