MINNEAPOLIS - Sezzle Inc. (NASDAQ:SEZL), a digital payments platform, announced its inclusion in the Russell 2000® Index and the Russell 3000® Index starting July 1st, following the annual reconstitution of Russell US Indexes. The reconstitution, which took place on April 30th, ranks the 4,000 largest US stocks by total market capitalization.
Karen Hartje, Sezzle's CFO, expressed pride in the company's inclusion in the indexes, noting it as a reflection of their dedication to shareholder value and anticipating increased visibility within the investment community.
The Russell 3000® Index membership, which is reviewed annually, provides automatic inclusion in either the large-cap Russell 1000® Index or small-cap Russell 2000® Index. FTSE Russell, which administers these indexes, utilizes objective market-capitalization rankings and style attributes to determine membership.
Sezzle's platform focuses on financial empowerment by offering interest-free installment plans for consumers, aiming to enhance purchasing power and promote financial responsibility.
FTSE Russell, a global index provider, creates benchmarks and analytics for investors, with approximately $10.5 trillion in assets benchmarked against its US indexes as of December 2023. The indexes are widely utilized for index funds and active investment strategies.
This development for Sezzle is based on a press release statement and reflects the company's growth trajectory and recognition in the financial markets. The inclusion in the Russell indexes may potentially broaden Sezzle's exposure to institutional investors and index funds.
InvestingPro Insights
As Sezzle Inc. (NASDAQ:SEZL) celebrates its inclusion in the Russell 2000® and Russell 3000® Indexes, the company's financial health and market performance remain a focal point for investors. According to the latest data from InvestingPro, Sezzle's adjusted P/E ratio stands at a notable 78.02 as of the last twelve months as of Q1 2024. This valuation metric, while on the higher end, reflects investor confidence in Sezzle's future earnings potential.
Sezzle's commitment to financial empowerment and responsible consumer spending is mirrored in its solid gross profit margin of 76.56% over the same period, indicating the company's efficiency in managing its cost of goods sold and maintaining profitability. Moreover, the company has demonstrated a robust revenue growth of 21.17% in the last twelve months as of Q1 2024, showcasing its ability to expand its market reach and enhance its financial position.
InvestingPro Tips reveal that despite a quarterly revenue decline of 43.64% in Q1 2024, Sezzle's long-term growth trajectory remains promising. This is further supported by a strong year-to-date price total return of 10.97%, signifying investor optimism. For those seeking to delve deeper into Sezzle's financial performance and future outlook, InvestingPro offers an additional 25 InvestingPro Tips, providing comprehensive analysis and expert insights.
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