Lesaka Technologies (NASDAQ:LSAK) Major Shareholder Sells $48,896.10 in Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 9,878 shares of the business’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $4.95, for a total value of $48,896.10. Following the completion of the transaction, the insider directly owned 5,547,856 shares of the company’s stock, valued at approximately $27,461,887.20. The trade was a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own at least 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 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 value 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 value 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 value 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 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.

Lesaka Technologies Stock Up 0.8%

Shares of LSAK stock opened at $4.94 on Thursday. Lesaka Technologies, Inc. has a 1-year low of $3.39 and a 1-year high of $5.54. The stock’s fifty day moving average price is $4.77 and its 200 day moving average price is $4.46. 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 company has a market cap of $414.57 million, a price-to-earnings ratio of -7.84 and a beta of 0.39.

Lesaka Technologies (NASDAQ:LSAK) last announced its earnings results on Thursday, February 5th. The company reported $0.08 earnings per share for the quarter, topping 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 firm had revenue of $93.40 million for the quarter, compared to the consensus estimate of $166.00 million. On average, research analysts expect that Lesaka Technologies, Inc. will post -0.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Lesaka Technologies in a research note on Thursday, January 22nd. Wall Street Zen upgraded Lesaka Technologies to a “hold” rating in a research note on Saturday, February 14th. Finally, Zacks Research upgraded Lesaka Technologies from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

Institutional Trading of Lesaka Technologies

Several large investors have recently added to or reduced their stakes in the company. Rathbones Group PLC grew its stake in 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 purchasing an additional 225,000 shares during the last quarter. Potomac Capital Management Inc. purchased a new stake in Lesaka Technologies during the 4th quarter valued at about $4,766,000. Barclays PLC grew its stake in 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 during the last quarter. 9823 Capital L.P. purchased a new stake in Lesaka Technologies during the 4th quarter valued at about $94,000. Finally, Citadel Advisors LLC grew its stake in 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 during the last quarter. Hedge funds and other institutional investors own 24.19% of the company’s stock.

Lesaka Technologies Company Profile

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.