Insider Selling: Lesaka Technologies (NASDAQ:LSAK) Major Shareholder Sells 2,839 Shares of Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 2,839 shares of the stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $4.68, for a total transaction of $13,286.52. Following the completion of the transaction, the insider directly owned 6,004,356 shares in the company, valued at approximately $28,100,386.08. This represents a 0.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Finance Corp International also recently made the following trade(s):

• On Wednesday, March 11th, Finance Corp International sold 4,235 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.65, for a total value of $19,692.75.
• On Monday, March 9th, Finance Corp International sold 27,767 shares of Lesaka Technologies stock. The shares were 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 shares were sold at an average price of $4.64, for a total transaction 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 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 transaction 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 Trading Up 1.5%

Shares of NASDAQ:LSAK traded up $0.07 during midday trading on Thursday, reaching $4.71. The company’s stock had a trading volume of 27,641 shares, compared to its average volume of 57,662. Lesaka Technologies, Inc. has a fifty-two week low of $3.39 and a fifty-two week high of $5.10. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.43 and a current ratio of 1.57. The firm has a 50 day moving average price of $4.60 and a two-hundred day moving average price of $4.37. The firm has a market capitalization of $395.26 million, a price-to-earnings ratio of -7.48 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 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 firm had revenue of $93.40 million during the quarter, compared to the consensus estimate of $166.00 million. Lesaka Technologies has set its FY 2026 guidance at 0.260-0.260 EPS. As a group, analysts forecast that Lesaka Technologies, Inc. will post -0.16 earnings per share for the current year.

Hedge Funds Weigh In On Lesaka Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in LSAK. Citadel Advisors LLC boosted its stake in shares of Lesaka Technologies by 26.4% during the 3rd quarter. Citadel Advisors LLC now owns 18,977 shares of the company’s stock worth $79,000 after purchasing an additional 3,959 shares during the period. Susquehanna International Group LLP acquired a new position in shares of Lesaka Technologies during the third quarter worth $74,000. 9823 Capital L.P. purchased a new position in shares of Lesaka Technologies in the 4th quarter valued at approximately $94,000. Schwarz Dygos Wheeler Investment Advisors LLC acquired a new stake in Lesaka Technologies during the 2nd quarter worth about $595,000. Finally, Barclays PLC increased its stake in shares of Lesaka Technologies by 13,359.8% in 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 period. 24.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on LSAK shares. Weiss Ratings restated a “sell (d-)” rating on shares of Lesaka Technologies in a research report on Thursday, January 22nd. Zacks Research upgraded shares of Lesaka Technologies from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. 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 given a Sell rating to the company’s stock. According to MarketBeat, the company presently 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.