Finance Corp International Sells 20,701 Shares of Lesaka Technologies (NASDAQ:LSAK) Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 20,701 shares of Lesaka Technologies stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $9.19, for a total value of $190,242.19. Following the transaction, the insider owned 2,626,086 shares in the company, valued at approximately $24,133,730.34. This trade represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 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 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 Trading Up 2.2%

LSAK stock traded up $0.10 during mid-day trading on Friday, reaching $4.66. 47,388 shares of the stock traded hands, compared to its average volume of 70,520. 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, Inc. has a 52-week low of $3.39 and a 52-week high of $5.10. The company has a market cap of $391.07 million, a P/E ratio of -7.40 and a beta of 0.46. The stock’s fifty day moving average is $4.61 and its 200-day moving average is $4.37.

Lesaka Technologies (NASDAQ:LSAK) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. Lesaka Technologies had a negative return on equity of 28.23% and a negative net margin of 7.87%.The business had revenue of $93.40 million for 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, sell-side analysts expect that Lesaka Technologies, Inc. will post -0.16 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Susquehanna International Group LLP acquired a new position in Lesaka Technologies in the third quarter valued at about $74,000. Citadel Advisors LLC raised its stake in shares of 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 acquiring an additional 3,959 shares during the last quarter. 9823 Capital L.P. acquired a new position in shares of Lesaka Technologies in the 4th quarter worth approximately $94,000. Schwarz Dygos Wheeler Investment Advisors LLC acquired a new position in shares of Lesaka Technologies in the 2nd quarter worth approximately $595,000. Finally, Barclays PLC grew its position in Lesaka Technologies by 13,359.8% during the 4th 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 owned by institutional investors.

Analysts Set New Price Targets

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