Finance Corp International Sells 24,532 Shares of Lesaka Technologies (NASDAQ:LSAK) Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 24,532 shares of Lesaka Technologies stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $4.64, for a total value of $113,828.48. Following the completion of the transaction, the insider owned 6,011,430 shares of the company’s stock, valued at $27,893,035.20. The trade was a 0.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own more than 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 Thursday, March 12th, Finance Corp International sold 2,839 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.68, for a total transaction of $13,286.52.
• On Wednesday, March 11th, Finance Corp International sold 4,235 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.65, for a total transaction of $19,692.75.
• On Monday, March 9th, Finance Corp International sold 27,767 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.56, for a total transaction of $126,617.52.
• 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 transaction 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 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 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

Lesaka Technologies stock opened at $4.92 on Friday. The stock has a market cap of $412.89 million, a P/E ratio of -7.81 and a beta of 0.46. The company has a fifty day simple moving average of $4.61 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 issued its earnings results on Wednesday, February 4th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. The firm had revenue of $93.40 million during the quarter, compared to the consensus estimate of $166.00 million. Lesaka Technologies had a negative net margin of 7.87% and a negative return on equity of 28.23%. Lesaka Technologies has set its FY 2026 guidance at 0.260-0.260 EPS. Equities analysts expect that Lesaka Technologies, Inc. will post -0.16 EPS for the current fiscal year.

Institutional Trading of Lesaka Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Susquehanna International Group LLP acquired a new position in shares of Lesaka Technologies during the third quarter worth about $74,000. Citadel Advisors LLC lifted 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 valued at $79,000 after purchasing an additional 3,959 shares during the period. 9823 Capital L.P. acquired a new stake in Lesaka Technologies in the fourth quarter valued at about $94,000. Schwarz Dygos Wheeler Investment Advisors LLC purchased a new stake in Lesaka Technologies in the 2nd quarter valued at approximately $595,000. Finally, Barclays PLC boosted its holdings in Lesaka Technologies by 13,359.8% in the 4th quarter. Barclays PLC now owns 141,866 shares of the company’s stock valued at $677,000 after purchasing an additional 140,812 shares in the last quarter. Hedge funds and other institutional investors own 24.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wall Street Zen upgraded Lesaka Technologies to a “hold” rating in a report 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 upgraded shares of Lesaka Technologies from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Lesaka Technologies presently 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.