Finance Corp International Sells 11,918 Shares of Lesaka Technologies (NASDAQ:LSAK) Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 11,918 shares of the 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 sale, the insider directly owned 2,717,352 shares of the company’s stock, valued at $24,646,382.64. The trade was a 0.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more 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 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 shares were 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 transaction of $433.00.

Lesaka Technologies Trading Up 2.2%

Shares of NASDAQ LSAK traded up $0.10 during trading hours on Friday, hitting $4.66. The company’s stock had a trading volume of 47,388 shares, compared to its average volume of 70,520. Lesaka Technologies, Inc. has a 12 month low of $3.39 and a 12 month high of $5.10. The stock has a market cap of $391.07 million, a price-to-earnings 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 business has a 50-day simple moving average of $4.61 and a 200-day simple moving average of $4.37.

Lesaka Technologies (NASDAQ:LSAK) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. The business had revenue of $93.40 million during the quarter, compared to analyst estimates of $166.00 million. Lesaka Technologies had a negative return on equity of 28.23% and a negative net margin of 7.87%.Lesaka Technologies has set its FY 2026 guidance at 0.260-0.260 EPS. On average, analysts anticipate that Lesaka Technologies, Inc. will post -0.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Lesaka Technologies

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

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.