Finance Corp International Sells 21,100 Shares of Lesaka Technologies (NASDAQ:LSAK) Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 21,100 shares of Lesaka Technologies stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $9.10, for a total transaction of $192,010.00. Following the sale, the insider directly owned 2,739,970 shares of the company’s stock, valued at approximately $24,933,727. This trade represents a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions 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 stock was 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 Performance

NASDAQ:LSAK traded up $0.10 during midday trading on Friday, reaching $4.66. The stock had a trading volume of 47,388 shares, compared to its average volume of 70,520. Lesaka Technologies, Inc. has a 12-month low of $3.39 and a 12-month 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 firm has a fifty day simple moving average of $4.61 and a two-hundred day simple moving average of $4.37. The stock has a market cap of $391.07 million, a P/E ratio of -7.40 and a beta of 0.46.

Lesaka Technologies (NASDAQ:LSAK) last released its earnings results on Wednesday, February 4th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. The company 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, equities analysts expect that Lesaka Technologies, Inc. will post -0.16 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Rathbones Group PLC raised its holdings in 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 buying an additional 225,000 shares during the period. Potomac Capital Management Inc. acquired a new stake in shares of Lesaka Technologies during the 4th quarter valued at $4,766,000. Barclays PLC grew its stake in Lesaka Technologies by 13,359.8% in the fourth quarter. Barclays PLC now owns 141,866 shares of the company’s stock valued at $677,000 after purchasing an additional 140,812 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC bought a new stake in shares of Lesaka Technologies in the 2nd quarter valued at approximately $595,000. Finally, 9823 Capital L.P. acquired a new position in shares of Lesaka Technologies during the 4th quarter worth $94,000. Institutional investors own 24.19% of the company’s stock.

Analyst Ratings Changes

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