Finance Corp International Sells 27,265 Shares of Lesaka Technologies (NASDAQ:LSAK) Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 27,265 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $9.05, for a total value of $246,748.25. Following the sale, the insider directly owned 2,690,087 shares of the company’s stock, valued at $24,345,287.35. The trade was a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 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.
• 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 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 value of $433.00.

Lesaka Technologies Price Performance

Shares of NASDAQ LSAK opened at $4.66 on Friday. The stock has a fifty day moving average price of $4.61 and a 200 day moving average price of $4.37. Lesaka Technologies, Inc. has a 1-year low of $3.39 and a 1-year high of $5.10. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.57 and a quick ratio of 1.43. The company has a market cap of $391.07 million, a PE ratio of -7.40 and a beta of 0.46.

Lesaka Technologies (NASDAQ:LSAK) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.04. The company 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. Sell-side analysts forecast that Lesaka Technologies, Inc. will post -0.16 EPS for the current year.

Hedge Funds Weigh In On Lesaka Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC boosted 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 worth $79,000 after purchasing an additional 3,959 shares in the last quarter. Susquehanna International Group LLP purchased a new position in shares of Lesaka Technologies in the third quarter valued at $74,000. 9823 Capital L.P. purchased a new position in shares of Lesaka Technologies in the fourth quarter valued at $94,000. Schwarz Dygos Wheeler Investment Advisors LLC acquired a new position in shares of Lesaka Technologies during the 2nd quarter worth $595,000. Finally, Barclays PLC raised its stake in shares of Lesaka Technologies by 13,359.8% during 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 last quarter. 24.19% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Lesaka Technologies

Here are the key news stories impacting Lesaka Technologies this week:

• Neutral Sentiment: Major shareholder Finance Corp International still holds a material stake — roughly 6.03 million shares (valued at about $27.7M) after recent small disposals, which means the selling appears to be trimming rather than a full exit. SEC Ownership Filing
• Negative Sentiment: Large, previously disclosed block sale: Finance Corp sold 2,103,069 shares on May 19 (avg. $4.00) for ~$8.41M, a 29.2% reduction in that holding — a meaningful past reduction that reduced a major shareholder’s stake and can weigh on sentiment. SEC Ownership Filing
• Negative Sentiment: Recent uptick in bearish positioning: reported short interest in LSAK expanded by 24.7%, which raises the risk of continued downward pressure or increased volatility if shorts remain active. Short Interest in Lesaka Technologies, Inc. (NASDAQ:LSAK) Expands By 24.7%
• Negative Sentiment: High-price monetization earlier this year: Finance Corp sold large tranches in February (e.g., 42,100 shares at $10.83 and 20,220 at $11.06), indicating substantial profit-taking when the stock traded much higher — a historic supply event that reduced long-term insider exposure. SEC Ownership Filing
• Negative Sentiment: Ongoing small trims: More recent small-scale sales (March 4 — 6,823 shares at $4.65; March 5 — 4,290 shares at $4.59) show the major shareholder continues to trim, which can sap momentum even if dollar amounts are modest. SEC Ownership Filing

Wall Street Analysts Forecast Growth

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