Key Points
- Major shareholder Finance Corp International sold 2,839 shares on March 12 at $4.68 as part of a string of early-March sales (totaling tens of thousands of shares), leaving it with 6,004,356 shares — a 0.05% reduction in its position.
- Lesaka's stock rose about 4.2% to $4.91 on above-average volume; the company beat quarterly EPS estimates but missed revenue, shows negative profitability (P/E -7.80, negative net margin), has a market cap of roughly $412M, and carries a consensus rating of "Reduce."
Lesaka Technologies, Inc. (NASDAQ:LSAK - Get Free Report) major shareholder Finance Corp International sold 2,839 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $4.68, for a total transaction of $13,286.52. Following the transaction, the insider directly owned 6,004,356 shares of the company's stock, valued at approximately $28,100,386.08. This trade represents a 0.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more 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 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 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 transaction 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 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.
- 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 shares were sold at an average price of $4.33, for a total transaction of $433.00.
Lesaka Technologies Stock Up 4.2%
Lesaka Technologies stock traded up $0.20 during mid-day trading on Friday, reaching $4.91. 139,434 shares of the company's stock were exchanged, compared to its average volume of 79,423. 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, Inc. has a twelve month low of $3.39 and a twelve month high of $5.10. The company has a market cap of $412.05 million, a P/E ratio of -7.80 and a beta of 0.46. The company has a fifty day moving average of $4.60 and a 200-day moving average of $4.37.
Lesaka Technologies (NASDAQ:LSAK - Get Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.04. The business had revenue of $93.40 million for 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%.Lesaka Technologies has set its FY 2026 guidance at 0.260-0.260 EPS. Sell-side analysts expect that Lesaka Technologies, Inc. will post -0.16 EPS for the current year.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on LSAK. Zacks Research raised Lesaka Technologies from a "strong sell" rating to a "hold" rating in a research report on Friday, January 23rd. Weiss Ratings restated a "sell (d-)" rating on shares of Lesaka Technologies in a report on Thursday, January 22nd. Finally, Wall Street Zen upgraded shares of Lesaka Technologies to a "hold" rating in a research note on Saturday, February 14th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Lesaka Technologies presently has a consensus rating of "Reduce".
Check Out Our Latest Report on Lesaka Technologies
Hedge Funds Weigh In On Lesaka Technologies
Several hedge funds have recently added to or reduced their stakes in the stock. Schwarz Dygos Wheeler Investment Advisors LLC acquired a new stake in Lesaka Technologies during the 2nd quarter worth $595,000. Citadel Advisors LLC grew its holdings 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 worth $79,000 after purchasing an additional 3,959 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Lesaka Technologies in the 3rd quarter valued at about $74,000. Rathbones Group PLC grew its stake in 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 buying an additional 225,000 shares during the last quarter. Finally, Potomac Capital Management Inc. acquired a new position in Lesaka Technologies during the fourth quarter worth approximately $4,766,000. 24.19% of the stock is currently owned by hedge funds and other institutional investors.
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.
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