Lesaka Technologies (NASDAQ:LSAK) Major Shareholder Finance Corp International Sells 2,839 Shares of Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 2,839 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $4.68, for a total value of $13,286.52. Following the completion of the sale, the insider owned 6,004,356 shares in the company, valued at $28,100,386.08. The trade was a 0.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, March 10th, Finance Corp International sold 24,532 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.64, for a total value of $113,828.48.
• On Wednesday, March 11th, Finance Corp International sold 4,235 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.65, for a total value of $19,692.75.
• On Monday, March 9th, Finance Corp International sold 27,767 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.56, for a total transaction of $126,617.52.
• On Friday, March 6th, Finance Corp International sold 9,224 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.64, for a total transaction of $42,799.36.
• 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 transaction of $19,691.10.
• On Wednesday, March 4th, Finance Corp International sold 6,823 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.65, for a total transaction 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 Price Performance

LSAK traded up $0.20 during trading on Friday, hitting $4.91. The company’s stock had a trading volume of 139,434 shares, compared to its average volume of 79,423. The company has a current ratio of 1.57, a quick ratio of 1.43 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $412.05 million, a price-to-earnings ratio of -7.80 and a beta of 0.46. The business’s fifty day simple moving average is $4.60 and its 200 day simple moving average is $4.37. Lesaka Technologies, Inc. has a twelve month low of $3.39 and a twelve month high of $5.10.

Lesaka Technologies (NASDAQ:LSAK) last released its quarterly earnings results 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. The firm had revenue of $93.40 million for the quarter, compared to analysts’ expectations of $166.00 million. Lesaka Technologies had a negative net margin of 7.87% and a negative return on equity of 28.23%. Lesaka Technologies has set its FY 2026 guidance at 0.260-0.260 EPS. On average, equities research analysts forecast that Lesaka Technologies, Inc. will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Rathbones Group PLC increased its position in Lesaka Technologies by 6.6% during the fourth quarter. Rathbones Group PLC now owns 3,644,420 shares of the company’s stock worth $17,384,000 after purchasing an additional 225,000 shares during the last quarter. Potomac Capital Management Inc. purchased a new stake in shares of Lesaka Technologies during the 4th quarter valued at approximately $4,766,000. Barclays PLC lifted its holdings in Lesaka Technologies by 13,359.8% in the fourth quarter. Barclays PLC now owns 141,866 shares of the company’s stock valued at $677,000 after acquiring an additional 140,812 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC acquired a new stake in Lesaka Technologies during the second quarter worth $595,000. Finally, 9823 Capital L.P. purchased a new stake in Lesaka Technologies in the fourth quarter valued at $94,000. Institutional investors and hedge funds own 24.19% of the company’s stock.

Wall Street Analyst Weigh In

LSAK has been the subject of a number of research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Lesaka Technologies in a report on Thursday, January 22nd. Wall Street Zen raised Lesaka Technologies to a “hold” rating in a research note on Saturday, February 14th. Finally, Zacks Research raised shares of Lesaka Technologies from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. One research 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 company 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.