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 that occurred on Wednesday, November 15th. The stock was sold at an average price of $9.48, for a total transaction of $492,012.00. Following the completion of the sale, the insider directly owned 2,356,290 shares of the company’s stock, valued at $22,337,629.20. This represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large 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 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 transaction of $433.00.

Lesaka Technologies Price Performance

Shares of LSAK stock traded up $0.10 on Friday, hitting $4.66. 47,388 shares of the stock traded hands, compared to its average volume of 70,520. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.57 and a quick ratio of 1.43. Lesaka Technologies, Inc. has a 52 week low of $3.39 and a 52 week high of $5.10. The firm has a 50 day simple moving average of $4.61 and a two-hundred day simple moving average of $4.37. The firm has a market cap of $391.07 million, a price-to-earnings ratio of -7.40 and a beta of 0.46.

Lesaka Technologies (NASDAQ:LSAK) last issued its earnings results on Wednesday, February 4th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate 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 during 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, equities research analysts predict that Lesaka Technologies, Inc. will post -0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lesaka Technologies

Institutional investors have recently added to or reduced their stakes in the company. Rathbones Group PLC increased its stake in Lesaka Technologies by 90.2% in the 2nd quarter. Rathbones Group PLC now owns 3,419,420 shares of the company’s stock worth $15,353,000 after acquiring an additional 1,622,088 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC purchased a new position in shares of Lesaka Technologies in the second quarter valued at $595,000. Barclays PLC increased its position in 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 purchasing an additional 140,812 shares during the last quarter. Citadel Advisors LLC increased its position 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 last quarter. Finally, Susquehanna International Group LLP purchased a new stake in Lesaka Technologies during the third quarter valued at $74,000. Hedge funds and other institutional investors own 24.19% of the company’s stock.

Analysts Set New Price Targets

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