Finance Corp International Sells 9,224 Shares of Lesaka Technologies (NASDAQ:LSAK) Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 9,224 shares of Lesaka Technologies stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $4.64, for a total transaction of $42,799.36. Following the completion of the sale, the insider directly owned 6,063,729 shares in the company, valued at approximately $28,135,702.56. The trade was a 0.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Finance Corp International also recently made the following trade(s):

• On Monday, March 9th, Finance Corp International sold 27,767 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.56, for a total transaction of $126,617.52.
• 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 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 LSAK stock opened at $4.64 on Thursday. The company has a market cap of $389.39 million, a price-to-earnings ratio of -7.37 and a beta of 0.46. The stock has a 50 day simple moving average of $4.60 and a 200-day simple moving average of $4.37. Lesaka Technologies, Inc. has a 12-month low of $3.39 and a 12-month high of $5.10. The company has a current ratio of 1.57, a quick ratio of 1.43 and a debt-to-equity ratio of 1.09.

Lesaka Technologies (NASDAQ:LSAK) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.04 by $0.04. The business had revenue of $93.40 million during 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, equities analysts forecast that Lesaka Technologies, Inc. will post -0.16 EPS for the current year.

Analyst Ratings Changes

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

Institutional Trading of Lesaka Technologies

Hedge funds have recently bought and sold shares of the company. Rathbones Group PLC grew 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 period. Potomac Capital Management Inc. purchased a new position in shares of Lesaka Technologies during the 4th quarter worth $4,766,000. Barclays PLC boosted its holdings in shares of 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 purchasing an additional 140,812 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC purchased a new stake in shares of Lesaka Technologies in the second quarter valued at $595,000. Finally, 9823 Capital L.P. purchased a new stake in shares of Lesaka Technologies in the fourth quarter valued at $94,000. Institutional investors and hedge funds own 24.19% of the company’s stock.

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.