Paul Purcell, a former director of Sezzle Inc. (NASDAQ:SEZL), recently sold shares in the company worth approximately $2.75 million, according to a recent SEC filing. The transactions, which took place on November 21, involved the sale of 3,900 shares at an average price of $417.05 per share and 2,500 shares at an average price of $451.14 per share. Following these sales, Purcell holds 69,496 shares indirectly through Continental Investment Partners, LLC.
In other recent news, Sezzle Inc. has seen noteworthy developments. The company has amended its Articles of Incorporation, simplifying its stock structure and shifting shareholder rights. This includes the removal of 300 million authorized shares of "common prime stock" from the company's charter. The company also made changes to its credit and guaranty agreements, adjusting the conditions for distributing dividends or repurchasing its common stock.
Sezzle has also revised its agreements with WebBank, strengthening its role in issuing its subscription products, Sezzle Anywhere and Sezzle Premium. The company has undergone significant board changes, with the departure of Michael Cutter and Paul Alan Lahiff, and the appointment of Stephen F. East and Kyle M. Brehm.
B. Riley has given Sezzle a Buy rating, recognizing the company's potential for high growth at a low marginal cost. These are all recent developments, highlighting a period of significant change and adaptation for Sezzle Inc.
InvestingPro Insights
The recent share sale by former director Paul Purcell comes at a time when Sezzle Inc. (NASDAQ:SEZL) is experiencing significant momentum in the market. According to InvestingPro data, Sezzle's stock has shown remarkable performance, with a staggering 4,084.33% total return over the past year and a 250.94% return in the last three months alone. This exceptional growth is reflected in the company's current market capitalization of $2.5 billion.
Sezzle's financial metrics also paint a picture of robust growth. The company's revenue has increased by 49.13% over the last twelve months, reaching $221.81 million. More impressively, the quarterly revenue growth stands at 71.28%, indicating accelerating momentum. The company's profitability is also noteworthy, with an operating income margin of 45.19% and a gross profit margin of 56.15%.
InvestingPro Tips highlight that Sezzle is expected to grow its net income this year, and analysts have revised their earnings upwards for the upcoming period. These factors, combined with the company's strong recent performance, suggest that the stock's upward trajectory may continue. However, investors should note that Sezzle is trading at a high earnings multiple, with a P/E ratio of 45.39, which may indicate that the stock is priced for high growth expectations.
For those interested in a deeper analysis, InvestingPro offers 16 additional tips for Sezzle, providing a comprehensive view of the company's financial health and market position.
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