Finance Corp International Sells 11,104 Shares of Lesaka Technologies (NASDAQ:LSAK) Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 11,104 shares of the stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $5.04, for a total transaction of $55,964.16. Following the transaction, the insider directly owned 5,761,055 shares in the company, valued at $29,035,717.20. The trade was a 0.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own 10% or more 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 Tuesday, March 24th, Finance Corp International sold 16,179 shares of Lesaka Technologies stock. The stock was sold at an average price of $5.02, for a total value of $81,218.58.
• On Monday, March 23rd, Finance Corp International sold 2,162 shares of Lesaka Technologies stock. The shares were sold at an average price of $5.03, for a total value of $10,874.86.
• On Thursday, March 19th, Finance Corp International sold 34,607 shares of Lesaka Technologies stock. The shares were sold at an average price of $5.06, for a total value of $175,111.42.
• On Wednesday, March 18th, Finance Corp International sold 4,819 shares of Lesaka Technologies stock. The stock was sold at an average price of $5.38, for a total value of $25,926.22.
• On Tuesday, March 17th, Finance Corp International sold 87,041 shares of Lesaka Technologies stock. The stock was sold at an average price of $5.31, for a total value of $462,187.71.
• On Monday, March 16th, Finance Corp International sold 27,389 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.94, for a total value of $135,301.66.
• On Friday, March 13th, Finance Corp International sold 60,000 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.85, for a total value of $291,000.00.
• 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 value of $113,828.48.
• 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 value of $13,286.52.
• 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 value of $19,692.75.

Lesaka Technologies Stock Performance

Lesaka Technologies stock opened at $4.90 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.57 and a quick ratio of 1.43. Lesaka Technologies, Inc. has a 12 month low of $3.39 and a 12 month high of $5.54. The company has a fifty day moving average price of $4.68 and a two-hundred day moving average price of $4.40. The company has a market cap of $411.21 million, a PE ratio of -7.78 and a beta of 0.46.

Lesaka Technologies (NASDAQ:LSAK) last issued its earnings results on Wednesday, February 4th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $166.00 million. Lesaka Technologies has set its FY 2026 guidance at 0.260-0.260 EPS. Research analysts expect that Lesaka Technologies, Inc. will post -0.16 earnings per share for the current year.

Institutional Trading of Lesaka Technologies

A number of large investors have recently modified their holdings of the company. 9823 Capital L.P. bought a new stake in Lesaka Technologies in the 4th quarter valued at about $94,000. Barclays PLC boosted its stake in Lesaka Technologies by 13,359.8% during 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 during the period. Potomac Capital Management Inc. bought a new position in Lesaka Technologies in the 4th quarter worth about $4,766,000. Rathbones Group PLC grew its position in Lesaka Technologies by 6.6% in the 4th 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. Finally, Susquehanna International Group LLP acquired a new stake in shares of Lesaka Technologies in the third quarter valued at approximately $74,000. Institutional investors and hedge funds own 24.19% of the company’s stock.

Analyst Upgrades and Downgrades

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