Key Points
- Finance Corp International sold 18,663 shares of Lesaka Technologies on April 1 at an average price of $4.97 for $92,755.11, and now directly owns 5,669,146 shares (a 0.33% reduction), with the sale disclosed in an SEC filing.
- The transaction is part of sustained insider selling in March–April (e.g., 87,041 shares on March 17 and 60,000 on March 13); Lesaka has a market cap of about $421.28 million, a negative P/E (-7.97), recent revenue that missed estimates despite an EPS beat, and a consensus analyst rating of "Reduce".
Lesaka Technologies, Inc. (NASDAQ:LSAK - Get Free Report) major shareholder Finance Corp International sold 9,928 shares of Lesaka Technologies stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $4.99, for a total transaction of $49,540.72. Following the completion of the sale, the insider directly owned 5,659,218 shares of the company's stock, valued at approximately $28,239,497.82. The trade was a 0.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Finance Corp International also recently made the following trade(s):
- On Wednesday, April 1st, Finance Corp International sold 18,663 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.97, for a total transaction 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 transaction 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 transaction 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 transaction of $81,218.58.
- On Monday, March 23rd, Finance Corp International sold 2,162 shares of Lesaka Technologies stock. The stock was sold at an average price of $5.03, for a total transaction of $10,874.86.
- 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 Wednesday, March 18th, Finance Corp International sold 4,819 shares of Lesaka Technologies stock. The shares were sold at an average price of $5.38, for a total transaction of $25,926.22.
- 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 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 value 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 value of $291,000.00.
Lesaka Technologies Stock Performance
Shares of Lesaka Technologies stock opened at $5.02 on Friday. Lesaka Technologies, Inc. has a 52 week low of $3.39 and a 52 week 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 business has a 50 day moving average price of $4.72 and a 200-day moving average price of $4.41. The company has a market cap of $421.28 million, a PE ratio of -7.97 and a beta of 0.39.
Lesaka Technologies (NASDAQ:LSAK - Get Free Report) last announced its earnings results on Thursday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.04. Lesaka Technologies had a negative return on equity of 28.23% and a negative net margin of 7.87%.The company had revenue of $93.40 million for the quarter, compared to analysts' expectations of $166.00 million. Equities analysts anticipate that Lesaka Technologies, Inc. will post -0.16 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Lesaka Technologies
Several institutional investors have recently bought and sold shares of LSAK. Citadel Advisors LLC grew its holdings in 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 purchasing an additional 3,959 shares during the period. Susquehanna International Group LLP bought a new stake in shares of Lesaka Technologies in the third quarter valued at $74,000. Rathbones Group PLC lifted its position in shares of Lesaka Technologies by 6.6% during the 4th quarter. Rathbones Group PLC now owns 3,644,420 shares of the company's stock valued at $17,384,000 after buying an additional 225,000 shares during the last quarter. Potomac Capital Management Inc. purchased a new position in shares of Lesaka Technologies during the 4th quarter valued at $4,766,000. Finally, Barclays PLC grew its stake in shares of Lesaka Technologies by 13,359.8% during the 4th quarter. Barclays PLC now owns 141,866 shares of the company's stock worth $677,000 after acquiring an additional 140,812 shares during the period. Hedge funds and other institutional investors own 24.19% of the company's stock.
Analyst Upgrades and Downgrades
LSAK has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Lesaka Technologies to a "hold" rating in a research note on Saturday, February 14th. Weiss Ratings reissued a "sell (d-)" rating on shares of Lesaka Technologies in a research report on Thursday, January 22nd. Finally, Zacks Research raised shares of Lesaka Technologies from a "strong sell" rating to a "hold" rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce".
Check Out Our Latest Stock Report on Lesaka Technologies
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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