Key Points
- On March 19, major shareholder Finance Corp International sold 34,607 shares of Lesaka Technologies (NASDAQ:LSAK) at an average price of $5.06 for $175,111.42, leaving it with 5,790,500 shares (a 0.59% reduction).
- Across multiple trades in March the firm sold a total of 286,743 shares for about $1.43 million, indicating sustained insider selling activity over the month.
- Lesaka trades near its one‑year high ($5.54) with a market cap of $433M but has a negative PE (-8.19) and a MarketBeat consensus rating of Reduce, with analysts expecting -0.16 EPS for the current fiscal year despite FY2026 guidance of 0.26 EPS.
Lesaka Technologies, Inc. (NASDAQ:LSAK - Get Free Report) major shareholder Finance Corp International sold 4,819 shares of the company's stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $5.38, for a total transaction of $25,926.22. Following the sale, the insider directly owned 5,825,107 shares in the company, valued at approximately $31,339,075.66. This trade represents a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 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 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 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 shares were 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 transaction 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 stock was 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.
Lesaka Technologies Stock Performance
NASDAQ:LSAK opened at $5.16 on Friday. The business's fifty day moving average is $4.65 and its 200 day moving average is $4.39. The firm has a market cap of $433.03 million, a price-to-earnings ratio of -8.19 and a beta of 0.46. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.43 and a current ratio of 1.57. Lesaka Technologies, Inc. has a 52-week low of $3.39 and a 52-week high of $5.54.
Lesaka Technologies (NASDAQ:LSAK - Get Free Report) last issued its earnings results on Wednesday, February 4th. The company reported $0.08 EPS for the quarter, topping the consensus estimate 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 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. Research analysts predict that Lesaka Technologies, Inc. will post -0.16 EPS for the current year.
Hedge Funds Weigh In On Lesaka Technologies
Several institutional investors and hedge funds have recently made changes to their positions in the business. Potomac Capital Management Inc. purchased a new position in Lesaka Technologies in the 4th quarter worth approximately $4,766,000. Rathbones Group PLC boosted 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 purchasing an additional 225,000 shares during the period. Barclays PLC grew its holdings in shares of Lesaka Technologies by 13,359.8% in the fourth 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 last quarter. 9823 Capital L.P. purchased a new position in shares of Lesaka Technologies in the fourth quarter worth $94,000. Finally, Susquehanna International Group LLP purchased a new position in shares of Lesaka Technologies in the third quarter worth $74,000. Institutional investors own 24.19% of the company's stock.
Analysts Set New Price Targets
A number of analysts recently weighed in on LSAK shares. Wall Street Zen raised shares of Lesaka Technologies to a "hold" rating in a report on Saturday, February 14th. Weiss Ratings reissued a "sell (d-)" rating on shares of Lesaka Technologies in a report on Thursday, January 22nd. Finally, Zacks Research raised shares of Lesaka Technologies from a "strong sell" rating to a "hold" rating in a report on Friday, January 23rd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Lesaka Technologies currently has a consensus rating of "Reduce".
Check Out Our Latest Report on LSAK
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
