Lesaka Technologies (NASDAQ:LSAK) Major Shareholder Finance Corp International Sells 10,700 Shares

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 10,700 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $9.09, for a total value of $97,263.00. Following the completion of the transaction, the insider owned 2,729,270 shares of the company’s stock, valued at approximately $24,809,064.30. This represents a 0.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 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 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 transaction of $433.00.

Lesaka Technologies Price Performance

LSAK traded up $0.10 during midday trading on Friday, reaching $4.66. 47,388 shares of the company’s stock were exchanged, compared to its average volume of 70,520. Lesaka Technologies, Inc. has a 1-year low of $3.39 and a 1-year high of $5.10. The stock has a market capitalization of $391.07 million, a PE ratio of -7.40 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’s 50-day moving average price is $4.61 and its 200 day moving average price is $4.37.

Lesaka Technologies (NASDAQ:LSAK) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $0.08 earnings per share 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 business had revenue of $93.40 million during the quarter, compared to analysts’ expectations of $166.00 million. Lesaka Technologies has set its FY 2026 guidance at 0.260-0.260 EPS. As a group, equities analysts anticipate that Lesaka Technologies, Inc. will post -0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Lesaka Technologies

Several institutional investors have recently added to or reduced their stakes in LSAK. Susquehanna International Group LLP purchased a new position in Lesaka Technologies during the third quarter worth about $74,000. Citadel Advisors LLC increased its stake in shares of Lesaka Technologies by 26.4% during the 3rd quarter. Citadel Advisors LLC now owns 18,977 shares of the company’s stock valued at $79,000 after acquiring an additional 3,959 shares during the last quarter. 9823 Capital L.P. purchased a new position in shares of Lesaka Technologies during the 4th quarter worth about $94,000. Schwarz Dygos Wheeler Investment Advisors LLC acquired a new stake in shares of Lesaka Technologies in the second quarter worth approximately $595,000. Finally, Barclays PLC boosted its position 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 worth $677,000 after acquiring an additional 140,812 shares during the last quarter. 24.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on LSAK. Weiss Ratings restated a “sell (d-)” rating on shares of Lesaka Technologies in a research report on Thursday, January 22nd. Zacks Research raised shares of Lesaka Technologies from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. Finally, Wall Street Zen upgraded shares of Lesaka Technologies to a “hold” rating in a report on Saturday, February 14th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock 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.