Lesaka Technologies (NASDAQ:LSAK) Major Shareholder Sells $10,874.86 in Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 2,162 shares of the stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $5.03, for a total transaction of $10,874.86. Following the transaction, the insider directly owned 5,788,338 shares in the company, valued at $29,115,340.14. This trade represents a 0.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 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 Wednesday, March 25th, Finance Corp International sold 11,104 shares of Lesaka Technologies stock. The shares were sold at an average price of $5.04, for a total value of $55,964.16.
• On Tuesday, March 24th, Finance Corp International sold 16,179 shares of Lesaka Technologies stock. The shares were sold at an average price of $5.02, for a total value of $81,218.58.
• On Thursday, March 19th, Finance Corp International sold 34,607 shares of Lesaka Technologies stock. The shares were sold at an average price of $5.06, for a total value of $175,111.42.
• On Wednesday, March 18th, Finance Corp International sold 4,819 shares of Lesaka Technologies stock. The stock was sold at an average price of $5.38, for a total value of $25,926.22.
• On Tuesday, March 17th, Finance Corp International sold 87,041 shares of Lesaka Technologies stock. The stock was sold at an average price of $5.31, for a total value of $462,187.71.
• On Monday, March 16th, Finance Corp International sold 27,389 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.94, for a total transaction of $135,301.66.
• On Friday, March 13th, Finance Corp International sold 60,000 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.85, for a total transaction of $291,000.00.
• On Tuesday, March 10th, Finance Corp International sold 24,532 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.64, for a total transaction 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 transaction of $13,286.52.
• On Wednesday, March 11th, Finance Corp International sold 4,235 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.65, for a total transaction of $19,692.75.

Lesaka Technologies Stock Up 1.0%

Shares of NASDAQ:LSAK traded up $0.05 during midday trading on Wednesday, hitting $5.12. 86,233 shares of the company’s stock were exchanged, compared to its average volume of 88,790. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.57 and a quick ratio of 1.43. Lesaka Technologies, Inc. has a 12 month low of $3.39 and a 12 month high of $5.54. The company has a market cap of $429.67 million, a PE ratio of -8.13 and a beta of 0.46. The stock has a 50 day moving average price of $4.67 and a 200-day moving average price of $4.39.

Lesaka Technologies (NASDAQ:LSAK) last announced 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. 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. On average, sell-side analysts anticipate that Lesaka Technologies, Inc. will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC grew its position 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 acquiring an additional 3,959 shares in the last quarter. Susquehanna International Group LLP bought a new position in shares of Lesaka Technologies in the third quarter worth approximately $74,000. Rathbones Group PLC increased its stake in shares of Lesaka Technologies by 6.6% in the fourth 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. bought a new stake in shares of Lesaka Technologies in the fourth quarter worth about $4,766,000. Finally, Barclays PLC increased its holdings in Lesaka Technologies by 13,359.8% during the 4th quarter. Barclays PLC now owns 141,866 shares of the company’s stock valued at $677,000 after purchasing an additional 140,812 shares during the period. 24.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Lesaka Technologies Company Profile

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.