Finance Corp International Sells 27,767 Shares of Lesaka Technologies (NASDAQ:LSAK) Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 27,767 shares of the company’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $4.56, for a total transaction of $126,617.52. Following the completion of the transaction, the insider owned 6,035,962 shares of the company’s stock, valued at $27,523,986.72. This trade represents a 0.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 Friday, March 6th, Finance Corp International sold 9,224 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.64, for a total value of $42,799.36.
• 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 value of $31,726.95.
• On Wednesday, December 17th, Finance Corp International sold 100 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.33, for a total transaction of $433.00.

Lesaka Technologies Stock Up 0.7%

Shares of NASDAQ LSAK opened at $4.64 on Thursday. The firm’s fifty day moving average is $4.60 and its 200 day moving average is $4.37. Lesaka Technologies, Inc. has a 52 week low of $3.39 and a 52 week high of $5.10. The company has a quick ratio of 1.43, a current ratio of 1.57 and a debt-to-equity ratio of 1.09. The company has a market cap of $389.39 million, a price-to-earnings ratio of -7.37 and a beta of 0.46.

Lesaka Technologies (NASDAQ:LSAK) last announced 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. Lesaka Technologies had a negative net margin of 7.87% and a negative return on equity of 28.23%. The business had revenue of $93.40 million during the quarter, compared to analysts’ expectations of $166.00 million. Lesaka Technologies has set its FY 2026 guidance at 0.260-0.260 EPS. On average, equities research analysts expect that Lesaka Technologies, Inc. will post -0.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LSAK. Wall Street Zen upgraded Lesaka Technologies to a “hold” rating in a report on Saturday, February 14th. Zacks Research upgraded Lesaka Technologies from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lesaka Technologies in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

Hedge Funds Weigh In On Lesaka Technologies

A number of institutional investors have recently bought and sold shares of LSAK. Citadel Advisors LLC lifted its holdings in Lesaka Technologies by 26.4% in the third quarter. Citadel Advisors LLC now owns 18,977 shares of the company’s stock worth $79,000 after buying an additional 3,959 shares during the period. Susquehanna International Group LLP purchased a new position in shares of Lesaka Technologies during the 3rd quarter worth approximately $74,000. 9823 Capital L.P. bought a new position in shares of Lesaka Technologies in the 4th quarter worth approximately $94,000. Schwarz Dygos Wheeler Investment Advisors LLC bought a new position in shares of Lesaka Technologies in the 2nd quarter worth approximately $595,000. Finally, Barclays PLC lifted its stake in shares of Lesaka Technologies by 13,359.8% in the 4th quarter. Barclays PLC now owns 141,866 shares of the company’s stock valued at $677,000 after purchasing an additional 140,812 shares during the period. 24.19% of the stock is owned by institutional investors.

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.