Lesaka Technologies (NASDAQ:LSAK) Major Shareholder Sells $42,799.36 in Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 9,224 shares of the stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $4.64, for a total value of $42,799.36. Following the sale, the insider owned 6,063,729 shares of the company’s stock, valued at $28,135,702.56. This represents a 0.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 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 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 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 transaction of $433.00.

Lesaka Technologies Price Performance

Shares of LSAK stock traded up $0.01 during mid-day trading on Tuesday, hitting $4.61. The company had a trading volume of 84,439 shares, compared to its average volume of 63,509. Lesaka Technologies, Inc. has a 52-week low of $3.39 and a 52-week high of $5.10. The stock’s 50 day moving average price is $4.61 and its 200-day moving average price is $4.36. 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 capitalization of $386.87 million, a P/E ratio of -7.32 and a beta of 0.46.

Lesaka Technologies (NASDAQ:LSAK) last posted its 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 company had revenue of $93.40 million during 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. Equities research analysts forecast that Lesaka Technologies, Inc. will post -0.16 earnings per share for the current year.

Institutional Investors Weigh In On Lesaka Technologies

A number of hedge funds have recently bought and sold shares of the business. Susquehanna International Group LLP bought a new position in Lesaka Technologies during the third quarter valued at $74,000. Citadel Advisors LLC increased its holdings in shares of Lesaka Technologies by 26.4% in the 3rd quarter. Citadel Advisors LLC now owns 18,977 shares of the company’s stock worth $79,000 after buying an additional 3,959 shares during the last quarter. 9823 Capital L.P. bought a new stake in shares of Lesaka Technologies in the 4th quarter worth about $94,000. Schwarz Dygos Wheeler Investment Advisors LLC purchased a new stake in shares of Lesaka Technologies during the 2nd quarter valued at about $595,000. Finally, Barclays PLC raised its position 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 valued at $677,000 after buying an additional 140,812 shares in the last quarter. Hedge funds and other institutional investors own 24.19% of the company’s stock.

Analyst Upgrades and Downgrades

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