In a recent transaction, Paul Martin Purcell, a former director of Sezzle Inc. (NYSE:SEZL), sold 739 shares of the company's common stock. The transaction, dated July 15, 2024, was executed at an average price of $87.3005 per share, resulting in a total value of approximately $64,515.
The sale was disclosed in a filing with the Securities and Exchange Commission (SEC) on July 16. Following the sale, Purcell's ownership in Sezzle Inc. stands at 361,677 shares. The shares were sold indirectly through Continental Investment Partners, LLC, indicating that Purcell's stake is held through this entity.
Sezzle Inc., known for its business services in the e-commerce sector, has seen its stock fluctuate in recent months. Transactions like these are closely watched by investors as they can provide insights into the perspectives of company insiders on the firm's financial health and future prospects.
It is worth noting that insider sales and purchases can be influenced by various factors and do not necessarily indicate a change in the company's fundamental outlook. Investors often consider a range of data points and market analyses when assessing the significance of insider transactions within the context of their investment strategies.
In other recent news, Sezzle, a buy-now-pay-later service provider, has been recognized for its high growth and profitability. The firm B. Riley initiated coverage on Sezzle with a Buy rating, citing its transition into profitability and potential for high growth in the rapidly expanding sector. The service of Sezzle, available for both online and in-store purchases, is contributing to robust incremental sales.
Financially, Sezzle has shown strong performance, achieving net income profitability for the full year of 2023 and maintaining this profitability into the first quarter of 2024. B. Riley's price target is based on a 16 times multiple on the firm's 2025 earnings per share estimate. The firm also anticipates Sezzle to expand by adding more retail partners and growing its consumer subscription services.
These are among the recent developments for Sezzle. The buy-now-pay-later industry, where Sezzle operates, is expected to grow at a compound annual growth rate of 20% over the next decade. B. Riley believes Sezzle is well-positioned to capitalize on this growth.
InvestingPro Insights
Sezzle Inc. (NYSE:SEZL) has been a subject of investor focus due to its performance in the e-commerce sector and the recent insider transaction by Paul Martin Purcell. As investors dissect insider sales for potential signals about a company's future, it's valuable to consider the broader financial picture presented by real-time data and expert analysis.
According to InvestingPro, Sezzle Inc. is expected to see net income growth this year, which could be a positive sign for investors looking at the company's profitability potential. Additionally, despite the stock experiencing a significant drop over the past week, with a 10.07% decrease in the 1-week price total return, the company has had a strong return over the last three months, showcasing a 42.3% increase in the 3-month price total return.
InvestingPro Data reveals that Sezzle Inc. has a market capitalization of approximately $484.66 million USD, with a P/E ratio of 35.46. Notably, the P/E ratio adjusted for the last twelve months as of Q1 2024 stands at a more moderate 13.5, which, when paired with the PEG ratio of 0.14 for the same period, suggests a low price to earnings growth ratio that might appeal to value investors.
For those considering a deeper dive into Sezzle Inc., there are additional InvestingPro Tips available that could further guide investment decisions. These include insights on the company's trading patterns, liquidity, and analysts' profitability predictions. For instance, Sezzle Inc. is currently trading at a high Price / Book multiple of 16.55, which may be of interest to those who follow this metric closely. Moreover, the company does not pay a dividend, which could influence the investment strategy of income-focused shareholders.
Interested investors can find more of these expert insights on Sezzle Inc. by visiting the InvestingPro platform. There are a total of 12 additional InvestingPro Tips available, which can be accessed with a subscription. To get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription, use the coupon code PRONEWS24.
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