Lesaka Technologies (NASDAQ:LSAK) Major Shareholder Finance Corp International Sells 16,179 Shares

Key Points

• Finance Corp International sold 16,179 shares of Lesaka on March 24 at an average $5.02 for $81,218.58, and after a series of March disposals its stake fell 0.28% to 5,772,159 shares valued at about $28.98M.
• Company and market snapshot: Lesaka shares trade near $5.12 (12‑month range $3.39–$5.54); the company beat EPS estimates ($0.08 vs $0.04) but materially missed revenue expectations, has FY2026 EPS guidance of 0.26, and carries a MarketBeat consensus rating of "Reduce".

Lesaka Technologies, Inc. (NASDAQ:LSAK - Get Free Report) major shareholder Finance Corp International sold 16,179 shares of the stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $5.02, for a total transaction of $81,218.58. Following the completion of the transaction, the insider directly owned 5,772,159 shares of the company's stock, valued at $28,976,238.18. This trade represents a 0.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own more than 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 Wednesday, March 25th, Finance Corp International sold 11,104 shares of Lesaka Technologies stock. The shares were sold at an average price of $5.04, for a total transaction of $55,964.16.
• On Monday, March 23rd, Finance Corp International sold 2,162 shares of Lesaka Technologies stock. The shares were sold at an average price of $5.03, for a total transaction of $10,874.86.
• On Thursday, March 19th, Finance Corp International sold 34,607 shares of Lesaka Technologies stock. The stock was sold at an average price of $5.06, for a total transaction of $175,111.42.
• On Wednesday, March 18th, Finance Corp International sold 4,819 shares of Lesaka Technologies stock. The shares were sold at an average price of $5.38, for a total transaction 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 shares were 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 stock was 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 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 shares were sold at an average price of $4.65, for a total value of $19,692.75.

Lesaka Technologies Price Performance

Shares of NASDAQ LSAK traded up $0.05 during mid-day trading on Wednesday, hitting $5.12. 86,233 shares of the stock traded hands, compared to its average volume of 88,790. Lesaka Technologies, Inc. has a twelve month low of $3.39 and a twelve month high of $5.54. The company has a current ratio of 1.57, a quick ratio of 1.43 and a debt-to-equity ratio of 1.09. The firm has a 50 day simple moving average of $4.67 and a two-hundred day simple moving average of $4.39.

Lesaka Technologies (NASDAQ:LSAK - Get Free Report) last issued its earnings results on Wednesday, February 4th. The company reported $0.08 earnings per share (EPS) for the quarter, topping 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 business 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. Research analysts anticipate that Lesaka Technologies, Inc. will post -0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Lesaka Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of LSAK. Susquehanna International Group LLP bought a new stake in Lesaka Technologies during the third quarter valued at $74,000. Citadel Advisors LLC raised 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 acquiring an additional 3,959 shares in the last quarter. 9823 Capital L.P. acquired a new position in shares of Lesaka Technologies in the 4th quarter valued at about $94,000. Barclays PLC lifted 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 valued at $677,000 after purchasing an additional 140,812 shares during the period. Finally, Potomac Capital Management Inc. bought a new stake in shares of Lesaka Technologies during the 4th quarter valued at about $4,766,000. Institutional investors and hedge funds own 24.19% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of Lesaka Technologies in a 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 upgraded shares of Lesaka Technologies to a "hold" rating in a research report on Saturday, February 14th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to 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.

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