Lesaka Technologies (NASDAQ:LSAK) Major Shareholder Sells $19,691.10 in Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 4,290 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $4.59, for a total transaction of $19,691.10. Following the transaction, the insider directly owned 6,034,293 shares in the company, valued at approximately $27,697,404.87. The trade was a 0.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% 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 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 Stock Up 2.2%

NASDAQ:LSAK traded up $0.10 on Friday, reaching $4.66. The stock had a trading volume of 47,388 shares, compared to its average volume of 70,520. The company has a 50-day moving average of $4.61 and a 200 day moving average of $4.37. 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 stock has a market cap of $391.07 million, a P/E ratio of -7.40 and a beta of 0.46. Lesaka Technologies, Inc. has a 12-month low of $3.39 and a 12-month high of $5.10.

Lesaka Technologies (NASDAQ:LSAK) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.04 by $0.04. The business had revenue of $93.40 million for the quarter, compared to analysts’ expectations of $166.00 million. Lesaka Technologies had a negative return on equity of 28.23% and a negative net margin of 7.87%.Lesaka Technologies has set its FY 2026 guidance at 0.260-0.260 EPS. On average, research analysts predict that Lesaka Technologies, Inc. will post -0.16 earnings per share for the current year.

Institutional Trading of Lesaka Technologies

Several institutional investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP acquired a new stake in shares of Lesaka Technologies during the third quarter worth $74,000. Citadel Advisors LLC boosted its holdings in shares of Lesaka Technologies by 26.4% in the 3rd quarter. Citadel Advisors LLC now owns 18,977 shares of the company’s stock valued at $79,000 after buying an additional 3,959 shares during the period. 9823 Capital L.P. bought a new stake in shares of Lesaka Technologies during the 4th quarter valued at about $94,000. Schwarz Dygos Wheeler Investment Advisors LLC acquired a new stake in Lesaka Technologies during the second quarter worth about $595,000. Finally, Barclays PLC raised its stake in Lesaka Technologies by 13,359.8% during 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 period. Institutional investors own 24.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in 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 upgraded shares of Lesaka Technologies to a “hold” rating in a research note on Saturday, February 14th. Finally, Weiss Ratings reissued 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, 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.