Key Points
- Finance Corp International sold 231,753 shares of Lesaka Technologies across multiple trades from March 18–April 8, raising roughly $1.16 million and leaving the holder with 5,624,999 shares (about $27.84M) after the sales.
- Lesaka trades around a market cap of $411.2M and recently reported an EPS beat ($0.08 vs. $0.04) but a large revenue miss ($93.4M vs. $166M) with negative margins, and the stock carries a consensus "Reduce" rating from analysts.
Lesaka Technologies, Inc. (NASDAQ:LSAK - Get Free Report) major shareholder Finance Corp International sold 19,311 shares of the business's stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $4.93, for a total value of $95,203.23. Following the sale, the insider directly owned 5,557,734 shares of the company's stock, valued at $27,399,628.62. This represents a 0.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Major 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, April 7th, Finance Corp International sold 47,954 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.91, for a total value of $235,454.14.
- On Monday, April 6th, Finance Corp International sold 34,219 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.95, for a total value of $169,384.05.
- On Thursday, April 2nd, Finance Corp International sold 9,928 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.99, for a total value of $49,540.72.
- 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 value of $92,755.11.
- On Tuesday, March 31st, Finance Corp International sold 32,807 shares of Lesaka Technologies stock. The stock was sold at an average price of $5.02, for a total value of $164,691.14.
- On Wednesday, March 25th, Finance Corp International sold 11,104 shares of Lesaka Technologies stock. The stock was sold at an average price of $5.04, for a total value of $55,964.16.
- On Tuesday, March 24th, Finance Corp International sold 16,179 shares of Lesaka Technologies stock. The stock was sold at an average price of $5.02, for a total value 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 value 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 value of $175,111.42.
- On Wednesday, March 18th, Finance Corp International sold 4,819 shares of Lesaka Technologies stock. The stock was sold at an average price of $5.38, for a total value of $25,926.22.
Lesaka Technologies Stock Performance
NASDAQ LSAK opened at $4.90 on Thursday. The firm has a market cap of $411.21 million, a price-to-earnings ratio of -7.78 and a beta of 0.39. 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 $4.74 and a 200-day moving average price of $4.43. Lesaka Technologies, Inc. has a twelve month low of $3.39 and a twelve month high of $5.54.
Lesaka Technologies (NASDAQ:LSAK - Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.04. The firm had revenue of $93.40 million during 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%. As a group, equities research analysts predict that Lesaka Technologies, Inc. will post -0.16 EPS for the current fiscal year.
Institutional Investors Weigh In On Lesaka Technologies
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. 9823 Capital L.P. purchased a new stake in Lesaka Technologies during the fourth quarter valued at approximately $94,000. Barclays PLC raised its position in Lesaka Technologies by 13,359.8% during the fourth quarter. Barclays PLC now owns 141,866 shares of the company's stock valued at $677,000 after purchasing an additional 140,812 shares during the period. Potomac Capital Management Inc. purchased a new stake in Lesaka Technologies during the fourth quarter valued at approximately $4,766,000. Rathbones Group PLC raised its position in 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. Finally, Susquehanna International Group LLP purchased a new stake in Lesaka Technologies during the third quarter valued at approximately $74,000. 24.19% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
LSAK has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Lesaka Technologies in a research note on Thursday, January 22nd. Wall Street Zen raised Lesaka Technologies to a "hold" rating in a research note on Saturday, February 14th. Finally, Zacks Research raised Lesaka Technologies from a "strong sell" rating to a "hold" rating in a research note 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, Lesaka Technologies has a consensus rating of "Reduce".
View Our Latest Research 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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