Lesaka Technologies (NASDAQ:LSAK) Major Shareholder Finance Corp International Sells 27,767 Shares of Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 27,767 shares of Lesaka Technologies stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $4.56, for a total transaction of $126,617.52. Following the completion of the sale, the insider owned 6,035,962 shares of the company’s stock, valued at $27,523,986.72. This trade represents a 0.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 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 Friday, March 6th, Finance Corp International sold 9,224 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.64, for a total value of $42,799.36.
• 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 stock was sold at an average price of $4.33, for a total value of $433.00.

Lesaka Technologies Stock Performance

Shares of Lesaka Technologies stock opened at $4.61 on Wednesday. The stock has a market capitalization of $386.87 million, a price-to-earnings ratio of -7.32 and a beta of 0.46. 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 business has a 50-day moving average of $4.61 and a 200 day moving average of $4.36. Lesaka Technologies, Inc. has a 12 month low of $3.39 and a 12 month high of $5.10.

Lesaka Technologies (NASDAQ:LSAK) last issued its quarterly 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 net margin of 7.87% and a negative return on equity of 28.23%. The company 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. As a group, sell-side analysts forecast that Lesaka Technologies, Inc. will post -0.16 earnings per share for the current year.

Analysts Set New Price Targets

LSAK has been the subject of a number of recent research reports. Zacks Research upgraded Lesaka Technologies from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. Wall Street Zen upgraded Lesaka Technologies to a “hold” rating in a report on Saturday, February 14th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lesaka Technologies in a research report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.

Institutional Investors Weigh In On Lesaka Technologies

Institutional investors have recently modified their holdings of the company. 9823 Capital L.P. acquired a new position in shares of Lesaka Technologies during the fourth quarter worth $94,000. Barclays PLC raised its stake 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 buying an additional 140,812 shares in the last quarter. Potomac Capital Management Inc. purchased a new stake in Lesaka Technologies during the 4th quarter worth about $4,766,000. Rathbones Group PLC lifted its holdings in Lesaka Technologies by 6.6% during the 4th quarter. Rathbones Group PLC now owns 3,644,420 shares of the company’s stock worth $17,384,000 after buying an additional 225,000 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new position in shares of Lesaka Technologies during the 3rd quarter worth about $74,000. 24.19% of the stock is owned by hedge funds and other institutional investors.

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.