Lesaka Technologies, Inc. (NASDAQ:LSAK - Get Free Report) major shareholder Finance Corp International sold 27,389 shares of Lesaka Technologies stock in a transaction on Monday, March 16th. The stock was sold at an average price of $4.94, for a total value of $135,301.66. Following the completion of the sale, the insider directly owned 5,916,967 shares of the company's stock, valued at approximately $29,229,816.98. The trade was a 0.46% 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 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 value of $462,187.71.
- On Friday, March 13th, Finance Corp International sold 60,000 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.85, for a total value 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 value of $113,828.48.
- On Thursday, March 12th, Finance Corp International sold 2,839 shares of Lesaka Technologies stock. The stock was 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 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 transaction of $126,617.52.
- On Friday, March 6th, Finance Corp International sold 9,224 shares of Lesaka Technologies stock. The shares were 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 stock was sold at an average price of $4.59, for a total transaction 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 transaction 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 6.7%
Shares of Lesaka Technologies stock opened at $5.45 on Wednesday. Lesaka Technologies, Inc. has a twelve month low of $3.39 and a twelve month high of $5.54. The company has a quick ratio of 1.43, a current ratio of 1.57 and a debt-to-equity ratio of 1.09. The company's 50 day moving average is $4.62 and its 200 day moving average is $4.37. The company has a market cap of $457.36 million, a price-to-earnings ratio of -8.65 and a beta of 0.46.
Lesaka Technologies (NASDAQ:LSAK - Get Free Report) last posted its earnings results on Wednesday, February 4th. The company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.04. The business had revenue of $93.40 million during the quarter, compared to the consensus estimate 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. Research analysts anticipate that Lesaka Technologies, Inc. will post -0.16 EPS for the current year.
Analyst Ratings Changes
LSAK has been the subject of a number of research reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Lesaka Technologies in a research report on Thursday, January 22nd. Wall Street Zen raised Lesaka Technologies to a "hold" rating in a research report on Saturday, February 14th. Finally, Zacks Research upgraded Lesaka Technologies from a "strong sell" rating to a "hold" rating in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Lesaka Technologies currently has a consensus rating of "Reduce".
Get Our Latest Stock Report on Lesaka Technologies
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Susquehanna International Group LLP bought a new stake in shares of Lesaka Technologies during the 3rd quarter valued at $74,000. Citadel Advisors LLC increased its stake 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 purchasing an additional 3,959 shares in the last quarter. 9823 Capital L.P. bought a new position in Lesaka Technologies in the 4th quarter worth $94,000. Barclays PLC raised its holdings in 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 during the period. Finally, Potomac Capital Management Inc. purchased a new position in Lesaka Technologies during the fourth quarter valued at $4,766,000. Hedge funds and other institutional investors own 24.19% of the company's stock.
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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