Finance Corp International Sells 2,839 Shares of Lesaka Technologies (NASDAQ:LSAK) Stock

Key Points

• Finance Corp International sold 2,839 shares on March 12 and has disposed of roughly 55,278 shares in recent trades, reducing its stake to 6,004,356 shares (about a 0.05% decrease) valued at roughly $28.1 million.
• Lesaka (LSAK) is trading near $4.71 with a market cap of about $395 million; it reported $0.08 EPS (beating estimates) but missed revenue expectations ($93.4M) and remains unprofitable, while analysts' consensus rating is averaged as a "Reduce".

Lesaka Technologies, Inc. (NASDAQ:LSAK - Get Free Report) major shareholder Finance Corp International sold 2,839 shares of the firm's stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $4.68, for a total value of $13,286.52. Following the transaction, the insider owned 6,004,356 shares of the company's stock, valued at approximately $28,100,386.08. This represents a 0.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

Finance Corp International also recently made the following trade(s):

• 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 shares were 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 stock was sold at an average price of $4.64, for a total transaction 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.
• 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 value 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 value of $433.00.

Lesaka Technologies Price Performance

LSAK traded up $0.07 during midday trading on Thursday, reaching $4.71. 27,641 shares of the company's stock were exchanged, compared to its average volume of 57,662. The stock has a market capitalization of $395.26 million, a PE ratio of -7.48 and a beta of 0.46. The business's 50-day moving average price is $4.60 and its 200 day moving average price is $4.37. Lesaka Technologies, Inc. has a 1-year low of $3.39 and a 1-year high of $5.10. 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:LSAK - Get Free Report) last released its earnings results on Wednesday, February 4th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.04. The business had revenue of $93.40 million for 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. As a group, equities analysts anticipate that Lesaka Technologies, Inc. will post -0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Lesaka Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in LSAK. Citadel Advisors LLC boosted its stake in Lesaka Technologies by 26.4% in the third quarter. Citadel Advisors LLC now owns 18,977 shares of the company's stock valued at $79,000 after acquiring an additional 3,959 shares during the last quarter. Susquehanna International Group LLP acquired a new position in shares of Lesaka Technologies in the third quarter valued at approximately $74,000. 9823 Capital L.P. bought a new position in Lesaka Technologies during the 4th quarter worth about $94,000. Schwarz Dygos Wheeler Investment Advisors LLC acquired a new stake in Lesaka Technologies in the 2nd quarter valued at approximately $595,000. Finally, Barclays PLC lifted its position in shares of Lesaka Technologies by 13,359.8% in the fourth quarter. Barclays PLC now owns 141,866 shares of the company's stock worth $677,000 after purchasing an additional 140,812 shares in the last quarter. Institutional investors own 24.19% of the company's stock.

Analyst Ratings Changes

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

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