Lesaka Technologies (NASDAQ:LSAK) Major Shareholder Finance Corp International Sells 27,265 Shares

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 27,265 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $9.05, for a total transaction of $246,748.25. Following the completion of the transaction, the insider owned 2,690,087 shares of the company’s stock, valued at $24,345,287.35. This trade represents a 1.00% 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 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 value 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 shares were sold at an average price of $4.33, for a total value of $433.00.

Lesaka Technologies Price Performance

Shares of NASDAQ LSAK traded up $0.10 during trading hours on Friday, reaching $4.66. 47,388 shares of the stock traded hands, compared to its average volume of 70,520. The company has a market capitalization of $391.07 million, a P/E ratio of -7.40 and a beta of 0.46. The company’s 50-day simple moving average is $4.61 and its two-hundred day simple moving average is $4.37. The company has a quick ratio of 1.43, a current ratio of 1.57 and a debt-to-equity ratio of 1.09. Lesaka Technologies, Inc. has a 52-week low of $3.39 and a 52-week high of $5.10.

Lesaka Technologies (NASDAQ:LSAK) last issued its quarterly 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 business had revenue of $93.40 million for the quarter, compared to analysts’ expectations of $166.00 million. Lesaka Technologies had a negative net margin of 7.87% and a negative return on equity of 28.23%. Lesaka Technologies has set its FY 2026 guidance at 0.260-0.260 EPS. Equities research analysts forecast that Lesaka Technologies, Inc. will post -0.16 EPS for the current year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in LSAK. Susquehanna International Group LLP bought a new stake in shares of Lesaka Technologies during the third quarter valued at approximately $74,000. Citadel Advisors LLC raised 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 purchasing an additional 3,959 shares in the last quarter. 9823 Capital L.P. bought a new stake in shares of Lesaka Technologies during the 4th quarter valued at $94,000. Schwarz Dygos Wheeler Investment Advisors LLC bought a new stake in shares of Lesaka Technologies during the 2nd quarter valued at $595,000. Finally, Barclays PLC grew its position 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 worth $677,000 after buying an additional 140,812 shares during the period. Hedge funds and other institutional investors own 24.19% of the company’s stock.

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.