Sezzle Authorizes $5M Stock Repurchase Program
Portfolio Pulse from Benzinga Newsdesk
Sezzle Inc. has announced a $5 million stock repurchase program, signaling the Board's belief that the current share price undervalues the company. CEO Charlie Youakim emphasized the move as a step towards maximizing shareholder value, indicating confidence in the company's performance and considering the repurchase a suitable use of capital resources.
December 22, 2023 | 2:03 pm
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Sezzle Inc. has authorized a stock repurchase program worth $5 million, a move that typically indicates the company's management believes the stock is undervalued. This could potentially lead to an increase in the stock price in the short term.
Stock repurchase programs often lead to a positive market reaction as they can reduce the number of shares outstanding, potentially increasing earnings per share and the stock price. The confidence expressed by Sezzle's CEO about the intrinsic value of the company and the timing of the buyback could be seen as a strong positive signal to investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100