MINNEAPOLIS—Sabzivand Amin, the Chief Operating Officer of Sezzle Inc. (NASDAQ:SEZL), recently sold a portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Amin sold a total of 1,500 shares of Sezzle common stock on October 17. The sale was executed in two separate transactions, with prices ranging from $205.14 to $206.00 per share, amounting to a total value of $308,355.
Following these transactions, Amin retains ownership of 46,860 shares in Sezzle. These sales were conducted under a prearranged trading plan, often referred to as a 10b5-1 plan, which allows company insiders to sell a predetermined number of shares at a predetermined time to avoid any potential conflicts of interest.
In other recent news, Sezzle Inc. has announced updates to its strategic partnerships and credit agreements. The company has revised its agreements with WebBank, enhancing Sezzle's role in issuing its subscription products, Sezzle Anywhere and Sezzle Premium. In addition, Sezzle Funding SPE II, LLC, a subsidiary of Sezzle, and its lenders have modified their credit agreement to support the purchase of loans from WebBank under the new partnership terms.
Sezzle also underwent significant board changes with Michael Cutter and Paul Alan Lahiff stepping down, and the appointment of Stephen F. East and Kyle M. Brehm. Both new appointees meet NASDAQ's independence and financial expertise requirements.
Furthermore, Sezzle's financial performance has been impressive, maintaining profitability since 2023 with robust sales driven by its 0% APR point-of-sale financing. B. Riley initiated coverage on the company with a Buy rating, highlighting Sezzle's growth potential and its ability for high growth at a low marginal cost, leading to significant margin expansion. These are some of the recent developments for Sezzle Inc.
InvestingPro Insights
The recent stock sale by Sezzle's COO Sabzivand Amin comes at a time when the company's stock is showing remarkable performance. According to InvestingPro data, Sezzle has experienced a staggering 1925.83% price total return over the past year, with a 966.23% return year-to-date. This exceptional growth is reflected in the stock trading near its 52-week high, with the current price at 97.32% of that peak.
InvestingPro Tips highlight that Sezzle's net income is expected to grow this year, and analysts predict the company will be profitable. This positive outlook is supported by the company's strong financial performance, with revenue growth of 39.33% over the last twelve months and an impressive 60.2% growth in the most recent quarter.
However, investors should note that Sezzle is trading at a high earnings multiple, with a P/E ratio of 28.05. The stock's RSI suggests it may be in overbought territory, which could indicate a potential for price correction in the short term.
For those interested in a deeper analysis, InvestingPro offers 15 additional tips for Sezzle, providing a comprehensive view of the company's financial health and market position.
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