Lesaka Technologies (NASDAQ:LSAK) Major Shareholder Sells $25,926.22 in Stock

Lesaka Technologies, Inc. (NASDAQ:LSAKGet Free Report) major shareholder Finance Corp International sold 4,819 shares of Lesaka Technologies stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $5.38, for a total transaction of $25,926.22. Following the sale, the insider directly owned 5,825,107 shares of the company’s stock, valued at $31,339,075.66. This represents a 0.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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 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 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 stock was sold at an average price of $4.94, for a total value 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 value 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 value 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 value 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 value of $19,692.75.
  • On Monday, March 9th, Finance Corp International sold 27,767 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.56, for a total value 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 shares were sold at an average price of $4.59, for a total value of $19,691.10.

Lesaka Technologies Stock Performance

Shares of NASDAQ:LSAK opened at $5.16 on Monday. The firm’s 50 day simple moving average is $4.65 and its 200 day simple moving average is $4.38. Lesaka Technologies, Inc. has a fifty-two week low of $3.39 and a fifty-two week high of $5.54. The company has a market capitalization of $433.03 million, a price-to-earnings ratio of -8.19 and a beta of 0.46. 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 (NASDAQ:LSAKGet Free Report) last posted its earnings results on Wednesday, February 4th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $166.00 million. Lesaka Technologies has set its FY 2026 guidance at 0.260-0.260 EPS. As a group, sell-side analysts forecast that Lesaka Technologies, Inc. will post -0.16 earnings per share for the current year.

Hedge Funds Weigh In On Lesaka Technologies

Hedge funds have recently modified their holdings of the stock. 9823 Capital L.P. acquired a new stake in shares of Lesaka Technologies in the fourth quarter valued at about $94,000. Barclays PLC grew its stake 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 in the last quarter. Potomac Capital Management Inc. bought a new position in Lesaka Technologies in the fourth quarter valued at approximately $4,766,000. Rathbones Group PLC increased its position in shares of Lesaka Technologies by 6.6% during the 4th quarter. Rathbones Group PLC now owns 3,644,420 shares of the company’s stock worth $17,384,000 after purchasing an additional 225,000 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new position in shares of Lesaka Technologies during the 3rd quarter worth approximately $74,000. Institutional investors own 24.19% of the company’s stock.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Analysis on LSAK

Lesaka Technologies Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Lesaka Technologies (NASDAQ:LSAK)

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