MINNEAPOLIS—Kyle M. Brehm, a director at Sezzle Inc. (NASDAQ:SEZL), recently purchased a significant amount of the company's common stock, according to a recent filing with the Securities and Exchange Commission. The purchase comes as Sezzle demonstrates strong momentum, with the stock posting an impressive return of over 1,700% year-to-date, according to InvestingPro data.
On December 5, Brehm acquired 110 shares of Sezzle's common stock at a price of $360 per share, amounting to a total transaction value of $39,600. Following this purchase, Brehm now directly owns 3,718 shares of the company. The stock currently trades at a P/E ratio of 45.4, reflecting the market's high growth expectations for this $2.09 billion market cap company.
The transaction reflects continued insider interest in Sezzle, a company known for its innovative financial services in the buy-now-pay-later sector. Investors often monitor such insider activities to gauge confidence levels within the company's leadership. InvestingPro analysis indicates the company maintains a GREAT financial health score, with revenue growing 49% year-over-year, though current valuations suggest the stock may be trading above its Fair Value.
In other recent news, Sezzle Inc. has made substantial changes to its business operations and governance. The company has amended its Articles of Incorporation and adjusted its fiscal year, resulting in a shift in shareholder rights and a simplification of the stock structure. These amendments were approved by the shareholders in an annual meeting and are now effective.
Sezzle has also made significant adjustments to its credit and guaranty agreements, revising the terms under which it can distribute dividends or repurchase its common stock. The company has also strengthened its partnership with WebBank, enhancing its role in issuing its subscription products, Sezzle Anywhere and Sezzle Premium.
The board of Sezzle has seen significant changes with the departure of Michael Cutter and Paul Alan Lahiff and the appointment of Stephen F. East and Kyle M. Brehm. B. Riley, a financial services company, has given Sezzle a Buy rating, indicating a positive outlook for the company's future growth. These are the recent developments that investors need to be aware of.
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