Lesaka Technologies (NASDAQ:LSAK) Major Shareholder Sells $459,800.00 in Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 48,400 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $9.50, for a total value of $459,800.00. Following the transaction, the insider owned 2,408,190 shares of the company’s stock, valued at approximately $22,877,805. This trade represents a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more 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 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 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 Stock Up 2.2%

LSAK stock traded up $0.10 during mid-day trading on Friday, hitting $4.66. 47,388 shares of the company were exchanged, compared to its average volume of 70,520. The firm has a fifty day simple moving average of $4.61 and a 200 day simple moving average of $4.37. The company has a market capitalization of $391.07 million, a PE ratio of -7.40 and a beta of 0.46. Lesaka Technologies, Inc. has a twelve month low of $3.39 and a twelve month high of $5.10. The company has a current ratio of 1.57, a quick ratio of 1.43 and a debt-to-equity ratio of 1.09.

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

Hedge Funds Weigh In On Lesaka Technologies

A number of institutional investors have recently bought and sold shares of the stock. Rathbones Group PLC raised its holdings in shares of Lesaka Technologies by 90.2% during the second quarter. Rathbones Group PLC now owns 3,419,420 shares of the company’s stock valued at $15,353,000 after acquiring an additional 1,622,088 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC acquired a new position in Lesaka Technologies in the 2nd quarter worth about $595,000. Citadel Advisors LLC raised its position in Lesaka Technologies by 26.4% during the third quarter. Citadel Advisors LLC now owns 18,977 shares of the company’s stock valued at $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 during the 3rd quarter valued at $74,000. Finally, Potomac Capital Management Inc. acquired a new stake in shares of Lesaka Technologies in the fourth quarter worth about $4,766,000. Hedge funds and other institutional investors own 24.19% of the company’s stock.

Analyst Upgrades and Downgrades

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