Lesaka Technologies (NASDAQ:LSAK) Major Shareholder Sells $288,312.12 in Stock

Key Points

• Finance Corp International sold 57,894 shares on April 10 at $4.98 (worth $288,312.12) and after that trade owned 5,489,962 shares (~$27.34M); the firm executed multiple additional sales from March 24–April 13 totaling about 310,167 shares for roughly $1.54 million.
• Lesaka Technologies (LSAK) is trading around $4.86 (50-day MA $4.75, 200-day MA $4.45) with a market cap of $407.85M, a negative P/E (-7.71) and mixed fundamentals (recent quarter beat EPS but missed revenue), and analysts' consensus rating is roughly a "Reduce".

Lesaka Technologies, Inc. (NASDAQ:LSAK - Get Free Report) major shareholder Finance Corp International sold 57,894 shares of the company's stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $4.98, for a total value of $288,312.12. Following the transaction, the insider owned 5,489,962 shares of the company's stock, valued at approximately $27,340,010.76. This trade represents a 1.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Monday, April 13th, Finance Corp International sold 52,230 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.92, for a total value of $256,971.60.
• On Thursday, April 9th, Finance Corp International sold 9,878 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.95, for a total value of $48,896.10.
• On Wednesday, April 8th, Finance Corp International sold 19,311 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.93, for a total value of $95,203.23.
• On Tuesday, April 7th, Finance Corp International sold 47,954 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.91, for a total value of $235,454.14.
• On Monday, April 6th, Finance Corp International sold 34,219 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.95, for a total value of $169,384.05.
• On Thursday, April 2nd, Finance Corp International sold 9,928 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.99, for a total value of $49,540.72.
• On Wednesday, April 1st, Finance Corp International sold 18,663 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.97, for a total value of $92,755.11.
• On Tuesday, March 31st, Finance Corp International sold 32,807 shares of Lesaka Technologies stock. The shares were sold at an average price of $5.02, for a total value of $164,691.14.
• 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 value of $55,964.16.
• On Tuesday, March 24th, Finance Corp International sold 16,179 shares of Lesaka Technologies stock. The shares were sold at an average price of $5.02, for a total value of $81,218.58.

Lesaka Technologies Stock Performance

Shares of NASDAQ LSAK traded down $0.13 during trading hours on Monday, reaching $4.86. The stock had a trading volume of 108,107 shares, compared to its average volume of 100,309. The business's fifty day moving average is $4.75 and its two-hundred day moving average is $4.45. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.57 and a quick ratio of 1.43. The company has a market cap of $407.85 million, a price-to-earnings ratio of -7.71 and a beta of 0.39. Lesaka Technologies, Inc. has a twelve month low of $3.39 and a twelve month high of $5.54.

Lesaka Technologies (NASDAQ:LSAK - Get Free Report) last issued its earnings results on Thursday, February 5th. 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%. As a group, research analysts expect that Lesaka Technologies, Inc. will post -0.16 EPS for the current year.

Institutional Trading of Lesaka Technologies

Several large investors have recently made changes to their positions in the business. Citadel Advisors LLC lifted 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 acquiring an additional 3,959 shares during the period. Susquehanna International Group LLP acquired a new position in shares of Lesaka Technologies during the third quarter valued at $74,000. Rathbones Group PLC lifted its stake in shares of Lesaka Technologies by 6.6% during the fourth quarter. Rathbones Group PLC now owns 3,644,420 shares of the company's stock valued at $17,384,000 after acquiring an additional 225,000 shares during the period. Potomac Capital Management Inc. acquired a new position in shares of Lesaka Technologies during the fourth quarter valued at $4,766,000. Finally, Barclays PLC lifted its stake in shares of Lesaka Technologies by 13,359.8% during the fourth quarter. Barclays PLC now owns 141,866 shares of the company's stock valued at $677,000 after acquiring an additional 140,812 shares during the period. Institutional investors own 24.19% of the company's stock.

Wall Street Analysts Forecast Growth

LSAK has been the topic of a number of analyst reports. 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 upgraded Lesaka Technologies to a "hold" rating in a research report 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's stock. According to data from MarketBeat.com, Lesaka Technologies currently 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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