Lesaka Technologies (NASDAQ:LSAK) Major Shareholder Sells $175,111.42 in Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 34,607 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $5.06, for a total value of $175,111.42. Following the transaction, the insider owned 5,790,500 shares of the company’s stock, valued at approximately $29,299,930. The trade was a 0.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% 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 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 shares were sold at an average price of $5.31, for a total transaction of $462,187.71.
• On Monday, March 16th, Finance Corp International sold 27,389 shares of Lesaka Technologies stock. The stock was 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 stock was 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 stock was 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 stock was sold at an average price of $4.65, for a total transaction of $19,692.75.
• 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 transaction of $126,617.52.
• On Friday, March 6th, Finance Corp International sold 9,224 shares of Lesaka Technologies stock. The shares were 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.

Lesaka Technologies Trading Up 2.8%

LSAK opened at $5.16 on Monday. The company has a quick ratio of 1.43, a current ratio of 1.57 and a debt-to-equity ratio of 1.09. The stock’s fifty day moving average is $4.65 and its two-hundred day moving average is $4.38. The company has a market capitalization of $433.03 million, a P/E ratio of -8.19 and a beta of 0.46. Lesaka Technologies, Inc. has a 52 week low of $3.39 and a 52 week high of $5.54.

Lesaka Technologies (NASDAQ:LSAK) last issued its earnings results on Wednesday, February 4th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.04. The business had revenue of $93.40 million during the quarter, compared to analysts’ expectations 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. 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 company. Susquehanna International Group LLP acquired a new stake in Lesaka Technologies in the third quarter valued at approximately $74,000. Citadel Advisors LLC boosted its position 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 purchasing an additional 3,959 shares in the last quarter. 9823 Capital L.P. purchased a new position in Lesaka Technologies during the 4th quarter worth $94,000. Barclays PLC grew its stake in Lesaka Technologies by 13,359.8% during 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. Finally, Potomac Capital Management Inc. purchased a new stake in Lesaka Technologies in the fourth quarter valued at about $4,766,000. Institutional investors own 24.19% of the company’s stock.

Wall Street Analysts Forecast Growth

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