Key Points
- Finance Corp International sold 27,767 shares of Lesaka (LSAK) on March 9 at an average $4.56 for a total of $126,617.52, trimming its stake to 6,035,962 shares (a 0.46% decrease, ~ $27.52M value).
- Lesaka beat Q results on EPS ($0.08 vs. $0.04 consensus) but missed materially on revenue ($93.4M vs. $166M) and reported negative net margin and return on equity.
- The company has a market cap of about $386.9M, roughly 24.2% institutional ownership, and an average analyst rating of "Reduce" after mixed Sell/Hold commentary.
Lesaka Technologies, Inc. (NASDAQ:LSAK - Get Free Report) major shareholder Finance Corp International sold 9,224 shares of Lesaka Technologies stock in a transaction on Friday, March 6th. The stock was sold at an average price of $4.64, for a total value of $42,799.36. Following the completion of the sale, the insider directly owned 6,063,729 shares of the company's stock, valued at approximately $28,135,702.56. The trade was a 0.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own 10% or more 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 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 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 stock was 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 shares were sold at an average price of $4.33, for a total transaction of $433.00.
Lesaka Technologies Stock Performance
Shares of LSAK stock opened at $4.61 on Wednesday. The company has a 50 day moving average price of $4.61 and a 200-day moving average price of $4.36. Lesaka Technologies, Inc. has a 52 week low of $3.39 and a 52 week high of $5.10. The firm has a market capitalization of $386.87 million, a PE ratio of -7.32 and a beta of 0.46. The company has a quick ratio of 1.43, a current ratio of 1.57 and a debt-to-equity ratio of 1.09.
Lesaka Technologies (NASDAQ:LSAK - Get Free Report) last released its quarterly earnings data on Wednesday, February 4th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.04. The firm had revenue of $93.40 million during 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 research analysts expect that Lesaka Technologies, Inc. will post -0.16 earnings per share for the current year.
Analyst Ratings Changes
LSAK has been the topic of several research analyst reports. Zacks Research raised Lesaka Technologies from a "strong sell" rating to a "hold" rating in a 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 reissued a "sell (d-)" rating on shares of Lesaka Technologies in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Lesaka Technologies has an average rating of "Reduce".
Read Our Latest Analysis on Lesaka Technologies
Institutional Trading of Lesaka Technologies
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LSAK. Susquehanna International Group LLP bought a new position in Lesaka Technologies in the third quarter worth approximately $74,000. Citadel Advisors LLC boosted its stake in shares of Lesaka Technologies by 26.4% during 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 during the last quarter. 9823 Capital L.P. bought a new stake in shares of Lesaka Technologies during the 4th quarter valued at $94,000. Schwarz Dygos Wheeler Investment Advisors LLC bought a new stake in shares of Lesaka Technologies during the 2nd quarter valued at $595,000. Finally, Barclays PLC increased 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 worth $677,000 after purchasing an additional 140,812 shares in the last quarter. 24.19% of the stock is owned by hedge funds and other institutional investors.
About Lesaka Technologies
(
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.
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