Finance Corp International Sells 20,701 Shares of Lesaka Technologies (NASDAQ:LSAK) Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 20,701 shares of Lesaka Technologies stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $9.19, for a total value of $190,242.19. Following the completion of the transaction, the insider owned 2,626,086 shares in the company, valued at $24,133,730.34. The trade was a 0.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 Thursday, March 5th, Finance Corp International sold 4,290 shares of Lesaka Technologies stock. The stock was 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 shares were sold at an average price of $4.33, for a total value of $433.00.

Lesaka Technologies Stock Up 2.2%

NASDAQ:LSAK traded up $0.10 during trading hours on Friday, hitting $4.66. The stock had a trading volume of 47,388 shares, compared to its average volume of 70,520. The business has a 50 day simple moving average of $4.61 and a two-hundred day simple moving average of $4.37. Lesaka Technologies, Inc. has a 1-year low of $3.39 and a 1-year high of $5.10. 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 company has a market cap of $391.07 million, a PE ratio of -7.40 and a beta of 0.46.

Lesaka Technologies (NASDAQ:LSAK) last announced its earnings results on Wednesday, February 4th. The company reported $0.08 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $166.00 million. Lesaka Technologies has set its FY 2026 guidance at 0.260-0.260 EPS. Analysts predict that Lesaka Technologies, Inc. will post -0.16 EPS for the current year.

Institutional Investors Weigh In On Lesaka Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC lifted its holdings in Lesaka Technologies by 26.4% in the third quarter. Citadel Advisors LLC now owns 18,977 shares of the company’s stock worth $79,000 after purchasing an additional 3,959 shares during the period. Susquehanna International Group LLP bought a new stake in shares of Lesaka Technologies during the 3rd quarter worth about $74,000. 9823 Capital L.P. acquired a new stake in shares of Lesaka Technologies in the 4th quarter worth approximately $94,000. Schwarz Dygos Wheeler Investment Advisors LLC bought a new position in shares of Lesaka Technologies in the second quarter valued at approximately $595,000. Finally, Barclays PLC boosted its holdings in shares of 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 in the last quarter. 24.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on LSAK shares. Zacks Research upgraded shares of Lesaka Technologies from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. Wall Street Zen raised Lesaka Technologies to a “hold” rating in a report on Saturday, February 14th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lesaka Technologies in a report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus 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.