Lesaka Technologies (NASDAQ:LSAK) Major Shareholder Sells $235,454.14 in Stock
by Jessica Moore · The Cerbat GemLesaka Technologies, Inc. (NASDAQ:LSAK – Get Free Report) major shareholder Finance Corp International sold 47,954 shares of Lesaka Technologies stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $4.91, for a total value of $235,454.14. Following the completion of the sale, the insider directly owned 5,577,045 shares of the company’s stock, valued at $27,383,290.95. The trade was a 0.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large 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 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 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 shares were 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 shares were 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 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.
- 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 shares were 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.
Lesaka Technologies Price Performance
Shares of LSAK traded up $0.02 during trading hours on Wednesday, reaching $4.90. 108,644 shares of the stock traded hands, compared to its average volume of 88,610. The company has a current ratio of 1.57, a quick ratio of 1.43 and a debt-to-equity ratio of 1.09. Lesaka Technologies, Inc. has a 52-week low of $3.39 and a 52-week high of $5.54. The company’s 50-day moving average price is $4.73 and its two-hundred day moving average price is $4.43. The company has a market cap of $411.21 million, a P/E ratio of -7.78 and a beta of 0.39.
Lesaka Technologies (NASDAQ:LSAK – Get Free Report) last released its earnings results on Thursday, February 5th. The company reported $0.08 earnings per share for the quarter, beating 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 company had revenue of $93.40 million for the quarter, compared to analysts’ expectations of $166.00 million. On average, analysts anticipate that Lesaka Technologies, Inc. will post -0.16 earnings per share for the current year.
Analysts Set New Price Targets
Several analysts have commented on LSAK shares. Wall Street Zen upgraded shares of Lesaka Technologies to a “hold” rating in a research note on Saturday, February 14th. Zacks Research upgraded shares of Lesaka Technologies from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lesaka Technologies in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.
Read Our Latest Analysis on LSAK
Hedge Funds Weigh In On Lesaka Technologies
Hedge funds have recently added to or reduced their stakes in the company. Susquehanna International Group LLP bought a new position in Lesaka Technologies during the 3rd quarter valued at about $74,000. Citadel Advisors LLC grew its holdings 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. 9823 Capital L.P. bought a new position in Lesaka Technologies during the 4th quarter valued at about $94,000. Barclays PLC grew its holdings 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. Finally, Potomac Capital Management Inc. bought a new position in Lesaka Technologies during the 4th quarter valued at about $4,766,000. 24.19% of the stock is currently owned by institutional investors.
About Lesaka Technologies
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.