Finance Corp International Sells 4,819 Shares of Lesaka Technologies (NASDAQ:LSAK) Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 4,819 shares of Lesaka Technologies stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $5.38, for a total transaction of $25,926.22. Following the sale, the insider owned 5,825,107 shares of the company’s stock, valued at approximately $31,339,075.66. This represents a 0.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 19th, Finance Corp International sold 34,607 shares of Lesaka Technologies stock. The stock was sold at an average price of $5.06, for a total transaction of $175,111.42.
• On Tuesday, March 17th, Finance Corp International sold 87,041 shares of Lesaka Technologies stock. The stock was sold at an average price of $5.31, for a total transaction of $462,187.71.
• On Monday, March 16th, Finance Corp International sold 27,389 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.94, for a total value of $135,301.66.
• On Friday, March 13th, Finance Corp International sold 60,000 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.85, for a total value of $291,000.00.
• On Tuesday, March 10th, Finance Corp International sold 24,532 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.64, for a total value of $113,828.48.
• On Thursday, March 12th, Finance Corp International sold 2,839 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.68, for a total value of $13,286.52.
• On Wednesday, March 11th, Finance Corp International sold 4,235 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.65, for a total transaction of $19,692.75.
• On Monday, March 9th, Finance Corp International sold 27,767 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.56, for a total transaction of $126,617.52.
• 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 shares were sold at an average price of $4.59, for a total value of $19,691.10.

Lesaka Technologies Trading Up 2.8%

LSAK opened at $5.16 on Friday. The business has a fifty day moving average price of $4.65 and a 200 day moving average price of $4.39. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.57 and a quick ratio of 1.43. Lesaka Technologies, Inc. has a 12 month low of $3.39 and a 12 month high of $5.54. The stock has a market capitalization of $433.03 million, a price-to-earnings ratio of -8.19 and a beta of 0.46.

Lesaka Technologies (NASDAQ:LSAK) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $93.40 million for the quarter, compared to analyst estimates of $166.00 million. Lesaka Technologies has set its FY 2026 guidance at 0.260-0.260 EPS. Sell-side analysts expect that Lesaka Technologies, Inc. will post -0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lesaka Technologies

Several hedge funds have recently made changes to their positions in LSAK. Citadel Advisors LLC boosted its position in shares of Lesaka Technologies by 26.4% in the 3rd quarter. Citadel Advisors LLC now owns 18,977 shares of the company’s stock valued at $79,000 after purchasing an additional 3,959 shares during the period. Susquehanna International Group LLP acquired a new stake in shares of Lesaka Technologies in the third quarter valued at approximately $74,000. 9823 Capital L.P. acquired a new stake in shares of Lesaka Technologies in the fourth quarter valued at approximately $94,000. Barclays PLC grew 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 acquiring an additional 140,812 shares during the last quarter. Finally, Rathbones Group PLC increased its holdings in shares of Lesaka Technologies by 6.6% in the 4th quarter. Rathbones Group PLC now owns 3,644,420 shares of the company’s stock valued at $17,384,000 after acquiring an additional 225,000 shares during the period. Hedge funds and other institutional investors own 24.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Wall Street Zen upgraded shares of Lesaka Technologies to a “hold” rating in a research note on Saturday, February 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lesaka Technologies in a report on Thursday, January 22nd. Finally, Zacks Research raised Lesaka Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus 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.