Lesaka Technologies (NASDAQ:LSAK) Major Shareholder Finance Corp International Sells 6,823 Shares

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 6,823 shares of Lesaka Technologies stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $4.65, for a total transaction of $31,726.95. Following the sale, the insider directly owned 6,077,243 shares of the company’s stock, valued at $28,259,179.95. This represents a 0.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Large 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 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, 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 Trading Up 2.2%

LSAK traded up $0.10 during midday trading on Friday, reaching $4.66. 47,388 shares of the company were exchanged, compared to its average volume of 70,520. The stock has a market capitalization of $391.07 million, a P/E ratio of -7.40 and a beta of 0.46. Lesaka Technologies, Inc. has a one year low of $3.39 and a one year high of $5.10. The stock’s 50-day simple moving average is $4.61 and its 200 day simple moving average is $4.37. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.43 and a current ratio of 1.57.

Lesaka Technologies (NASDAQ:LSAK) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. The company had revenue of $93.40 million during the quarter, compared to analysts’ expectations 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, analysts forecast that Lesaka Technologies, Inc. will post -0.16 earnings per share for the current fiscal year.

Trending Headlines about Lesaka Technologies

Here are the key news stories impacting Lesaka Technologies this week:

• Neutral Sentiment: Major shareholder Finance Corp International still holds a material stake — roughly 6.03 million shares (valued at about $27.7M) after recent small disposals, which means the selling appears to be trimming rather than a full exit. SEC Ownership Filing
• Negative Sentiment: Large, previously disclosed block sale: Finance Corp sold 2,103,069 shares on May 19 (avg. $4.00) for ~$8.41M, a 29.2% reduction in that holding — a meaningful past reduction that reduced a major shareholder’s stake and can weigh on sentiment. SEC Ownership Filing
• Negative Sentiment: Recent uptick in bearish positioning: reported short interest in LSAK expanded by 24.7%, which raises the risk of continued downward pressure or increased volatility if shorts remain active. Short Interest in Lesaka Technologies, Inc. (NASDAQ:LSAK) Expands By 24.7%
• Negative Sentiment: High-price monetization earlier this year: Finance Corp sold large tranches in February (e.g., 42,100 shares at $10.83 and 20,220 at $11.06), indicating substantial profit-taking when the stock traded much higher — a historic supply event that reduced long-term insider exposure. SEC Ownership Filing
• Negative Sentiment: Ongoing small trims: More recent small-scale sales (March 4 — 6,823 shares at $4.65; March 5 — 4,290 shares at $4.59) show the major shareholder continues to trim, which can sap momentum even if dollar amounts are modest. SEC Ownership Filing

Hedge Funds Weigh In On Lesaka Technologies

Hedge funds have recently made changes to their positions in the business. Rathbones Group PLC raised its holdings 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 purchasing an additional 1,622,088 shares during the last quarter. Potomac Capital Management Inc. bought a new position in Lesaka Technologies in the fourth quarter valued at $4,766,000. Barclays PLC grew its position in 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 purchasing an additional 140,812 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC acquired a new stake in Lesaka Technologies in the 2nd quarter valued at $595,000. Finally, 9823 Capital L.P. bought a new stake in Lesaka Technologies during the 4th quarter worth about $94,000. 24.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. 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 shares of Lesaka Technologies to a “hold” rating in a research note on Saturday, February 14th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lesaka Technologies in a report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company 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.