Lesaka Technologies (NASDAQ:LSAK) Major Shareholder Sells $828,250.64 in Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 85,036 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $9.74, for a total transaction of $828,250.64. Following the completion of the sale, the insider owned 2,521,290 shares of the company’s stock, valued at approximately $24,557,364.60. This trade represents a 3.26% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases 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 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 shares were sold at an average price of $4.33, for a total transaction of $433.00.

Lesaka Technologies Stock Up 2.2%

Shares of Lesaka Technologies stock traded up $0.10 during midday trading on Friday, hitting $4.66. The company’s stock had a trading volume of 47,388 shares, compared to its average volume of 70,520. The firm has a market capitalization of $391.07 million, a P/E ratio of -7.40 and a beta of 0.46. The stock has a 50-day simple moving average of $4.61 and a 200-day simple moving average of $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, Inc. has a 1-year low of $3.39 and a 1-year high of $5.10.

Lesaka Technologies (NASDAQ:LSAK) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.04. The firm had revenue of $93.40 million for the quarter, compared to analyst estimates of $166.00 million. Lesaka Technologies had a negative return on equity of 28.23% and a negative net margin of 7.87%.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

Several hedge funds have recently modified their holdings of LSAK. Citadel Advisors LLC boosted its stake in shares of Lesaka Technologies by 26.4% during the 3rd quarter. Citadel Advisors LLC now owns 18,977 shares of the company’s stock worth $79,000 after acquiring an additional 3,959 shares in the last quarter. Susquehanna International Group LLP bought a new position in shares of Lesaka Technologies in the 3rd quarter valued at approximately $74,000. 9823 Capital L.P. acquired a new stake in Lesaka Technologies in the 4th quarter worth approximately $94,000. Schwarz Dygos Wheeler Investment Advisors LLC acquired a new stake in Lesaka Technologies in the 2nd quarter worth approximately $595,000. Finally, Barclays PLC boosted its position in Lesaka Technologies by 13,359.8% during the fourth quarter. Barclays PLC now owns 141,866 shares of the company’s stock worth $677,000 after purchasing an additional 140,812 shares during the period. Institutional investors and hedge funds own 24.19% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Zacks Research upgraded shares of Lesaka Technologies from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. Wall Street Zen upgraded shares of Lesaka Technologies to a “hold” rating in a research report on Saturday, February 14th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lesaka Technologies in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Lesaka Technologies currently has an average 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.