Key Points
- Finance Corp International sold 9,878 shares on April 9 at $4.95 and carried out multiple additional sales across late March–April, leaving it with 5,547,856 shares valued at $27,461,887.20.
- Lesaka reported Q earnings of $0.08 per share (beating the $0.04 estimate) but revenue missed at $93.4M versus $166M expected, and the company still shows a negative net margin (-7.87%) and negative ROE (-28.23%); the stock recently opened at $4.86 and was down 2.6%.
- Analyst sentiment is mixed-to-negative—MarketBeat shows an average rating of "Reduce"—while institutional ownership stands at about 24.19% and several funds (e.g., Barclays, Citadel) have recently changed their positions.
Lesaka Technologies, Inc. (NASDAQ:LSAK - Get Free Report) major shareholder Finance Corp International sold 9,878 shares of the stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $4.95, for a total transaction of $48,896.10. Following the sale, the insider directly owned 5,547,856 shares in the company, valued at $27,461,887.20. This trade represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Finance Corp International also recently made the following trade(s):
- On Monday, April 13th, Finance Corp International sold 52,230 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.92, for a total transaction of $256,971.60.
- On Friday, April 10th, Finance Corp International sold 57,894 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.98, for a total transaction of $288,312.12.
- On Wednesday, April 8th, Finance Corp International sold 19,311 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.93, for a total transaction of $95,203.23.
- 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $81,218.58.
Lesaka Technologies Stock Down 2.6%
LSAK stock opened at $4.86 on Tuesday. 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 fifty-two week low of $3.39 and a fifty-two week high of $5.54. The firm's 50-day simple moving average is $4.75 and its 200 day simple moving average is $4.45. The stock has a market cap of $407.85 million, a PE ratio of -7.71 and a beta of 0.39.
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. Lesaka Technologies had a negative net margin of 7.87% and a negative return on equity of 28.23%. The business had revenue of $93.40 million for the quarter, compared to analysts' expectations of $166.00 million. As a group, sell-side analysts predict that Lesaka Technologies, Inc. will post -0.16 EPS for the current year.
Hedge Funds Weigh In On Lesaka Technologies
Several large investors have recently made changes to their positions in LSAK. Susquehanna International Group LLP bought a new position in shares of Lesaka Technologies during the 3rd quarter valued at about $74,000. Citadel Advisors LLC boosted its position in shares of Lesaka Technologies by 26.4% during the 3rd 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 in the last quarter. 9823 Capital L.P. bought a new position in shares of Lesaka Technologies during the 4th quarter valued at about $94,000. Barclays PLC boosted its position 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 valued at $677,000 after purchasing an additional 140,812 shares in the last quarter. Finally, Potomac Capital Management Inc. bought a new position in shares of Lesaka Technologies during the 4th quarter valued at about $4,766,000. Institutional investors own 24.19% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. Zacks Research raised shares of Lesaka Technologies from a "strong sell" rating to a "hold" rating in a report on Friday, January 23rd. Wall Street Zen raised shares of Lesaka Technologies to a "hold" rating in a report on Saturday, February 14th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Lesaka Technologies in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Reduce".
Check Out Our Latest Analysis on LSAK
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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