Lesaka Technologies (NASDAQ:LSAK) Major Shareholder Finance Corp International Sells 14,900 Shares

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 14,900 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $8.96, for a total value of $133,504.00. Following the transaction, the insider owned 2,675,187 shares of the company’s stock, valued at approximately $23,969,675.52. This trade represents a 0.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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 shares were sold at an average price of $4.59, for a total value 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 value 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 value of $433.00.

Lesaka Technologies Stock Up 2.2%

NASDAQ LSAK traded up $0.10 during trading on Friday, hitting $4.66. The stock had a trading volume of 47,388 shares, compared to its average volume of 70,520. Lesaka Technologies, Inc. has a 12 month low of $3.39 and a 12 month high of $5.10. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.43 and a current ratio of 1.57. The company’s 50-day moving average price is $4.61 and its two-hundred day moving average price is $4.37. The company has a market capitalization of $391.07 million, a PE ratio of -7.40 and a beta of 0.46.

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, 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 analysts’ expectations of $166.00 million. Lesaka Technologies has set its FY 2026 guidance at 0.260-0.260 EPS. As a group, sell-side analysts forecast that Lesaka Technologies, Inc. will post -0.16 EPS for the current year.

Hedge Funds Weigh In On Lesaka Technologies

A number of institutional investors have recently bought and sold shares of the business. Rathbones Group PLC lifted its position in shares of Lesaka Technologies by 90.2% in the second quarter. Rathbones Group PLC now owns 3,419,420 shares of the company’s stock valued at $15,353,000 after buying an additional 1,622,088 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC bought a new stake in Lesaka Technologies in the 2nd quarter valued at $595,000. Citadel Advisors LLC raised its stake in 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 acquiring an additional 3,959 shares during the period. Susquehanna International Group LLP acquired a new stake in Lesaka Technologies during the 3rd quarter valued at $74,000. Finally, Potomac Capital Management Inc. bought a new position in Lesaka Technologies during the fourth quarter worth $4,766,000. Institutional investors and hedge funds own 24.19% of the company’s stock.

Analyst Upgrades and Downgrades

LSAK has been the topic of several analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Lesaka Technologies in a research report on Thursday, January 22nd. Wall Street Zen raised Lesaka Technologies to a “hold” rating in a research report on Saturday, February 14th. Finally, Zacks Research raised Lesaka Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. One equities research 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, the stock currently 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.