Finance Corp International Sells 51,900 Shares of Lesaka Technologies (NASDAQ:LSAK) Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 51,900 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $9.48, for a total value of $492,012.00. Following the sale, the insider owned 2,356,290 shares in the company, valued at approximately $22,337,629.20. This represents a 2.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares 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 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 shares were sold at an average price of $4.33, for a total value of $433.00.

Lesaka Technologies Stock Performance

NASDAQ LSAK traded up $0.10 during trading hours on Friday, hitting $4.66. The company’s stock had a trading volume of 47,388 shares, compared to its average volume of 70,520. Lesaka Technologies, Inc. has a 12 month low of $3.39 and a 12 month high of $5.10. The company’s 50 day simple moving average is $4.61 and its two-hundred day simple moving average is $4.37. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.57 and a quick ratio of 1.43. The company has a market cap of $391.07 million, a P/E ratio of -7.40 and a beta of 0.46.

Lesaka Technologies (NASDAQ:LSAK) last announced 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. Lesaka Technologies had a negative net margin of 7.87% and a negative return on equity of 28.23%. The firm had revenue of $93.40 million for the quarter, compared to the consensus estimate of $166.00 million. Lesaka Technologies has set its FY 2026 guidance at 0.260-0.260 EPS. As a group, sell-side analysts expect 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 business. Rathbones Group PLC grew its position in shares of Lesaka Technologies by 6.6% during the 4th quarter. Rathbones Group PLC now owns 3,644,420 shares of the company’s stock valued at $17,384,000 after acquiring an additional 225,000 shares during the period. Potomac Capital Management Inc. bought a new stake in Lesaka Technologies during the fourth quarter valued at about $4,766,000. Barclays PLC grew its holdings 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 purchasing an additional 140,812 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC purchased a new stake in Lesaka Technologies in the second quarter worth about $595,000. Finally, 9823 Capital L.P. purchased a new stake in Lesaka Technologies in the fourth quarter worth about $94,000. Hedge funds and other institutional investors own 24.19% of the company’s stock.

Analyst Upgrades and Downgrades

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

Lesaka Technologies Company Profile

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.