Key Points
- Finance Corp International sold 66,437 shares on April 16 at an average price of $4.90 and, across early April, offloaded a total of 442,950 shares for approximately $2.18 million.
- After these transactions the insider still holds 5,244,859 shares valued at about $25.7 million, representing a roughly 1.25% reduction in its ownership.
- Lesaka (LSAK) is trading near $4.92 with a market cap of about $412.9M, a negative P/E and a consensus analyst rating of "Reduce".
Lesaka Technologies, Inc. (NASDAQ:LSAK - Get Free Report) major shareholder Finance Corp International sold 19,488 shares of the firm's stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $4.90, for a total transaction of $95,491.20. Following the completion of the sale, the insider owned 5,311,296 shares of the company's stock, valued at $26,025,350.40. This trade represents a 0.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% 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 Thursday, April 16th, Finance Corp International sold 66,437 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.90, for a total transaction of $325,541.30.
- On Tuesday, April 14th, Finance Corp International sold 106,948 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.90, for a total transaction of $524,045.20.
- On Monday, April 13th, Finance Corp International sold 52,230 shares of Lesaka Technologies stock. The shares were 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 Thursday, April 9th, Finance Corp International sold 9,878 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.95, for a total transaction of $48,896.10.
- 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.
Lesaka Technologies Trading Down 0.4%
Shares of LSAK opened at $4.92 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.57 and a quick ratio of 1.43. The firm has a 50 day simple moving average of $4.78 and a 200-day simple moving average of $4.46. Lesaka Technologies, Inc. has a 1-year low of $3.39 and a 1-year high of $5.54. The stock has a market cap of $412.89 million, a price-to-earnings ratio of -7.81 and a beta of 0.39.
Lesaka Technologies (NASDAQ:LSAK - Get Free Report) last issued 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 during the quarter, compared to analysts' expectations of $166.00 million. Equities analysts forecast that Lesaka Technologies, Inc. will post -0.16 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on LSAK. Wall Street Zen raised shares of Lesaka Technologies to a "hold" rating in a research note on Saturday, February 14th. Zacks Research raised shares of Lesaka Technologies from a "strong sell" rating to a "hold" rating in a research report on Friday, January 23rd. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Lesaka Technologies in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Reduce".
Check Out Our Latest Stock Report on LSAK
Hedge Funds Weigh In On Lesaka Technologies
A number of institutional investors have recently modified their holdings of the company. Citadel Advisors LLC raised its position in shares of Lesaka Technologies by 26.4% in the third quarter. Citadel Advisors LLC now owns 18,977 shares of the company's stock valued at $79,000 after buying an additional 3,959 shares during the last quarter. Susquehanna International Group LLP acquired a new position in shares of Lesaka Technologies in the third quarter valued at approximately $74,000. 9823 Capital L.P. acquired a new position in shares of Lesaka Technologies in the fourth quarter valued at approximately $94,000. Barclays PLC raised its position 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 valued at $677,000 after buying an additional 140,812 shares during the last quarter. Finally, Rathbones Group PLC raised its position in shares of Lesaka Technologies by 6.6% in the fourth 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. Institutional investors and hedge funds own 24.19% of the company's stock.
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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