Finance Corp International Sells 4,235 Shares of Lesaka Technologies (NASDAQ:LSAK) Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 4,235 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $4.65, for a total transaction of $19,692.75. Following the transaction, the insider owned 6,007,195 shares in the company, valued at approximately $27,933,456.75. This represents a 0.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 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 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 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 value 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 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 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 shares were sold at an average price of $4.33, for a total value of $433.00.

Lesaka Technologies Price Performance

Shares of LSAK opened at $4.92 on Friday. 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 market cap of $412.89 million, a PE ratio of -7.81 and a beta of 0.46. The firm’s 50 day moving average price is $4.61 and its 200 day moving average price is $4.37. Lesaka Technologies, Inc. has a twelve month low of $3.39 and a twelve month high of $5.10.

Lesaka Technologies (NASDAQ:LSAK) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $0.08 EPS for the quarter, topping 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 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. As a group, research analysts expect that Lesaka Technologies, Inc. will post -0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Lesaka Technologies

Institutional investors have recently made changes to their positions in the business. Potomac Capital Management Inc. acquired a new position in shares of Lesaka Technologies during the 4th quarter worth about $4,766,000. Rathbones Group PLC grew its holdings in 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 buying an additional 225,000 shares during the last quarter. Barclays PLC increased its position in 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. Schwarz Dygos Wheeler Investment Advisors LLC bought a new position in Lesaka Technologies in the 2nd quarter worth approximately $595,000. Finally, 9823 Capital L.P. acquired a new position in shares of Lesaka Technologies during the fourth quarter worth approximately $94,000. 24.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LSAK has been the subject of several recent analyst reports. Wall Street Zen upgraded Lesaka Technologies to a “hold” rating in a research note on Saturday, February 14th. Zacks Research raised Lesaka Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lesaka Technologies in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently 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.