Lesaka Technologies (NASDAQ:LSAK) Major Shareholder Finance Corp International Sells 11,918 Shares

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 11,918 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $9.07, for a total transaction of $108,096.26. Following the completion of the transaction, the insider directly owned 2,717,352 shares of the company’s stock, valued at approximately $24,646,382.64. The trade was a 0.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large 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 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 transaction 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

Lesaka Technologies stock traded up $0.10 during midday trading on Friday, hitting $4.66. 47,388 shares of the company’s stock were exchanged, compared to its average volume of 70,520. The company has a market cap of $391.07 million, a P/E ratio of -7.40 and a beta of 0.46. 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 stock has a 50-day moving average price of $4.61 and a two-hundred day moving average price of $4.37. Lesaka Technologies, Inc. has a 52-week low of $3.39 and a 52-week high of $5.10.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Rathbones Group PLC lifted its stake in shares of Lesaka Technologies by 90.2% in the 2nd quarter. Rathbones Group PLC now owns 3,419,420 shares of the company’s stock valued at $15,353,000 after acquiring an additional 1,622,088 shares during the last quarter. Potomac Capital Management Inc. purchased a new position in Lesaka Technologies in the 4th quarter worth approximately $4,766,000. Barclays PLC lifted its position in Lesaka Technologies by 13,359.8% in the fourth 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 last quarter. Schwarz Dygos Wheeler Investment Advisors LLC purchased a new stake in shares of Lesaka Technologies during the second quarter valued at approximately $595,000. Finally, 9823 Capital L.P. purchased a new stake in shares of Lesaka Technologies during the fourth quarter valued at approximately $94,000. Hedge funds and other institutional investors own 24.19% of the company’s stock.

Analyst Upgrades and Downgrades

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