Finance Corp International Sells 26,731 Shares of Lesaka Technologies (NASDAQ:LSAK) Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 26,731 shares of Lesaka Technologies stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $9.53, for a total value of $254,746.43. Following the completion of the sale, the insider owned 2,329,559 shares of the company’s stock, valued at approximately $22,200,697.27. The trade was a 1.13% decrease in their ownership of the stock. 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 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 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 shares were 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 Price Performance

Shares of LSAK stock opened at $4.66 on Friday. Lesaka Technologies, Inc. has a 52-week low of $3.39 and a 52-week high of $5.10. The stock has a market cap of $391.07 million, a PE ratio of -7.40 and a beta of 0.46. 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 firm’s 50 day moving average price is $4.61 and its two-hundred day moving average price is $4.37.

Lesaka Technologies (NASDAQ:LSAK) last issued 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. The company had revenue of $93.40 million during the quarter, compared to analysts’ expectations of $166.00 million. Lesaka Technologies had a negative net margin of 7.87% and a negative return on equity of 28.23%. 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 EPS for the current year.

Lesaka Technologies News Summary

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

Institutional Trading of Lesaka Technologies

Several hedge funds have recently added to or reduced their stakes in LSAK. Rathbones Group PLC lifted its holdings in Lesaka Technologies by 90.2% during the second quarter. Rathbones Group PLC now owns 3,419,420 shares of the company’s stock worth $15,353,000 after acquiring an additional 1,622,088 shares in the last quarter. Potomac Capital Management Inc. bought a new stake in shares of Lesaka Technologies in the fourth quarter worth about $4,766,000. Barclays PLC raised its position in shares of 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. Schwarz Dygos Wheeler Investment Advisors LLC acquired a new stake in shares of Lesaka Technologies during the second quarter worth about $595,000. Finally, 9823 Capital L.P. bought a new position in shares of Lesaka Technologies during the 4th quarter valued at about $94,000. Institutional investors and hedge funds own 24.19% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on LSAK. Weiss Ratings reissued a “sell (d-)” rating on shares of Lesaka Technologies in a research note on Thursday, January 22nd. Wall Street Zen upgraded 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 note on Friday, January 23rd. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently 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.