Finance Corp International Sells 2,839 Shares of Lesaka Technologies (NASDAQ:LSAK) Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 2,839 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $4.68, for a total value of $13,286.52. Following the sale, the insider directly owned 6,004,356 shares of the company’s stock, valued at $28,100,386.08. The trade was a 0.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major 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 Tuesday, March 10th, Finance Corp International sold 24,532 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.64, for a total transaction of $113,828.48.
• On Wednesday, March 11th, Finance Corp International sold 4,235 shares of Lesaka Technologies stock. The stock was 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 stock was 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 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 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 value of $433.00.

Lesaka Technologies Stock Performance

Shares of NASDAQ LSAK opened at $4.92 on Friday. Lesaka Technologies, Inc. has a 12 month low of $3.39 and a 12 month high of $5.10. The company has a market cap of $412.89 million, a P/E ratio of -7.81 and a beta of 0.46. The business’s 50 day moving average is $4.61 and its two-hundred day moving average is $4.37. The company has a quick ratio of 1.43, a current ratio of 1.57 and a debt-to-equity ratio of 1.09.

Lesaka Technologies (NASDAQ:LSAK) last released its 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. Lesaka Technologies had a negative net margin of 7.87% and a negative return on equity of 28.23%. The firm 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. On average, equities analysts expect that Lesaka Technologies, Inc. will post -0.16 EPS for the current year.

Hedge Funds Weigh In On Lesaka Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Rathbones Group PLC grew its holdings in shares of Lesaka Technologies by 6.6% during the fourth quarter. Rathbones Group PLC now owns 3,644,420 shares of the company’s stock worth $17,384,000 after purchasing an additional 225,000 shares during the last quarter. Potomac Capital Management Inc. bought a new position in shares of Lesaka Technologies in the fourth quarter valued at about $4,766,000. Barclays PLC raised its holdings in shares of Lesaka Technologies by 13,359.8% in the fourth quarter. Barclays PLC now owns 141,866 shares of the company’s stock valued at $677,000 after buying an additional 140,812 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC acquired a new position in Lesaka Technologies during the 2nd quarter worth about $595,000. Finally, 9823 Capital L.P. acquired a new position in Lesaka Technologies during the 4th quarter worth about $94,000. Institutional investors and hedge funds own 24.19% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Zacks Research upgraded shares of Lesaka Technologies from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of Lesaka Technologies in a research note on Thursday, January 22nd. Finally, Wall Street Zen raised Lesaka Technologies to a “hold” rating in a report on Saturday, February 14th. One 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.com, the stock currently has an average 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.