Insider Selling: Lesaka Technologies (NASDAQ:LSAK) Major Shareholder Sells $828,250.64 in Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 85,036 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $9.74, for a total transaction of $828,250.64. Following the completion of the sale, the insider owned 2,521,290 shares in the company, valued at approximately $24,557,364.60. This trade represents a 3.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Finance Corp International also recently made the following trade(s):

• On Thursday, March 5th, Finance Corp International sold 4,290 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.59, for a total value of $19,691.10.
• On Wednesday, March 4th, Finance Corp International sold 6,823 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.65, for a total value of $31,726.95.
• On Wednesday, December 17th, Finance Corp International sold 100 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.33, for a total value of $433.00.

Lesaka Technologies Stock Performance

Shares of LSAK traded up $0.10 during mid-day trading on Friday, hitting $4.66. The stock had a trading volume of 47,388 shares, compared to its average volume of 70,520. Lesaka Technologies, Inc. has a fifty-two week low of $3.39 and a fifty-two week high of $5.10. The company has a quick ratio of 1.43, a current ratio of 1.57 and a debt-to-equity ratio of 1.09. The company has a market cap of $391.07 million, a PE ratio of -7.40 and a beta of 0.46. The company’s fifty day simple moving average is $4.61 and its two-hundred day simple moving average is $4.37.

Lesaka Technologies (NASDAQ:LSAK) last released its quarterly earnings data on Wednesday, February 4th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. Lesaka Technologies had a negative return on equity of 28.23% and a negative net margin of 7.87%.The business had revenue of $93.40 million during the quarter, compared to analyst estimates of $166.00 million. Lesaka Technologies has set its FY 2026 guidance at 0.260-0.260 EPS. On average, equities analysts expect that Lesaka Technologies, Inc. will post -0.16 earnings per share for the current year.

Hedge Funds Weigh In On Lesaka Technologies

A number of hedge funds have recently modified their holdings of the stock. Rathbones Group PLC lifted its holdings in shares of Lesaka Technologies by 90.2% during the second quarter. Rathbones Group PLC now owns 3,419,420 shares of the company’s stock valued at $15,353,000 after purchasing an additional 1,622,088 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC purchased a new position in Lesaka Technologies in the 2nd quarter worth about $595,000. Potomac Capital Management Inc. acquired a new stake in Lesaka Technologies during the 4th quarter worth about $4,766,000. Barclays PLC lifted its stake in Lesaka Technologies by 13,359.8% during the fourth quarter. Barclays PLC now owns 141,866 shares of the company’s stock valued at $677,000 after buying an additional 140,812 shares in the last quarter. Finally, Citadel Advisors LLC lifted its stake in Lesaka Technologies by 26.4% during the third quarter. Citadel Advisors LLC now owns 18,977 shares of the company’s stock valued at $79,000 after buying an additional 3,959 shares in the last quarter. 24.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wall Street Zen raised Lesaka Technologies to a “hold” rating in a research note on Saturday, February 14th. Zacks Research raised Lesaka Technologies from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lesaka Technologies in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

About Lesaka Technologies

Lesaka Technologies, Inc operates as a Fintech company that utilizes its proprietary banking and payment technologies to deliver financial services solutions to merchants (B2B) and consumers (B2C) in Southern Africa. It offers cash management solutions, growth capital, card acquiring, bill payment technologies, and value-added services to formal and informal retail merchants, as well as banking, lending, and insurance solutions to consumers across Southern Africa. The company also engages in the sale of POS devices, SIM cards, and other consumables; and license of rights to use certain technology developed by the company, as well as offers related technology services.