Lesaka Technologies (NASDAQ:LSAK) Major Shareholder Finance Corp International Sells 47,954 Shares

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 47,954 shares of Lesaka Technologies stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $4.91, for a total transaction of $235,454.14. Following the completion of the sale, the insider directly owned 5,577,045 shares of the company’s stock, valued at approximately $27,383,290.95. The trade was a 0.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Finance Corp International also recently made the following trade(s):

• On Wednesday, April 8th, Finance Corp International sold 19,311 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.93, for a total transaction of $95,203.23.
• On Monday, April 6th, Finance Corp International sold 34,219 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.95, for a total transaction of $169,384.05.
• On Thursday, April 2nd, Finance Corp International sold 9,928 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.99, for a total transaction of $49,540.72.
• On Wednesday, April 1st, Finance Corp International sold 18,663 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.97, for a total transaction of $92,755.11.
• On Tuesday, March 31st, Finance Corp International sold 32,807 shares of Lesaka Technologies stock. The shares were sold at an average price of $5.02, for a total transaction of $164,691.14.
• On Wednesday, March 25th, Finance Corp International sold 11,104 shares of Lesaka Technologies stock. The shares were sold at an average price of $5.04, for a total transaction of $55,964.16.
• On Tuesday, March 24th, Finance Corp International sold 16,179 shares of Lesaka Technologies stock. The shares were sold at an average price of $5.02, for a total transaction 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 transaction 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 transaction of $175,111.42.
• On Wednesday, March 18th, Finance Corp International sold 4,819 shares of Lesaka Technologies stock. The shares were sold at an average price of $5.38, for a total transaction of $25,926.22.

Lesaka Technologies Stock Performance

NASDAQ LSAK opened at $4.90 on Thursday. The company has a fifty day simple moving average of $4.74 and a 200 day simple moving average of $4.43. Lesaka Technologies, Inc. has a 12-month low of $3.39 and a 12-month high of $5.54. The company has a current ratio of 1.57, a quick ratio of 1.43 and a debt-to-equity ratio of 1.09. The company has a market cap of $411.21 million, a P/E ratio of -7.78 and a beta of 0.39.

Lesaka Technologies (NASDAQ:LSAK) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.04. Lesaka Technologies had a negative return on equity of 28.23% and a negative net margin of 7.87%.The business had revenue of $93.40 million for the quarter, compared to analysts’ expectations of $166.00 million. Sell-side analysts predict that Lesaka Technologies, Inc. will post -0.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on LSAK shares. Weiss Ratings restated a “sell (d-)” rating on shares of Lesaka Technologies in a research note on Thursday, January 22nd. Zacks Research raised shares of Lesaka Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, Wall Street Zen raised shares of Lesaka Technologies to a “hold” rating in a research report on Saturday, February 14th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce”.

Institutional Investors Weigh In On Lesaka Technologies

A number of hedge funds have recently made changes to their positions in the business. 9823 Capital L.P. bought a new stake in shares of Lesaka Technologies during the 4th quarter worth $94,000. Barclays PLC raised its stake in shares of Lesaka Technologies by 13,359.8% during the 4th 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. Potomac Capital Management Inc. bought a new stake in shares of Lesaka Technologies during the 4th quarter worth $4,766,000. Rathbones Group PLC raised its stake in shares of Lesaka Technologies by 6.6% during 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 period. Finally, Susquehanna International Group LLP bought a new stake in shares of Lesaka Technologies during the 3rd quarter worth $74,000. 24.19% of the stock is currently owned by institutional investors.

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.