Lesaka Technologies (NASDAQ:LSAK) Trading Up 0.9% – Here’s Why

Lesaka Technologies, Inc. (NASDAQ:LSAK) was up 0.9% on Friday . The company traded as high as $4.72 and last traded at $4.70. Approximately 29,692 shares traded hands during trading, a decline of 61% from the average daily volume of 75,758 shares. The stock had previously closed at $4.66.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LSAK. Zacks Research downgraded shares of Lesaka Technologies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lesaka Technologies in a report on Thursday. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Lesaka Technologies Price Performance

The company has a market capitalization of $395.22 million, a P/E ratio of -4.39 and a beta of 0.47. The company has a quick ratio of 1.48, a current ratio of 1.61 and a debt-to-equity ratio of 1.10. The business has a 50 day simple moving average of $4.33 and a 200-day simple moving average of $4.37.

Lesaka Technologies (NASDAQ:LSAK) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.09). Lesaka Technologies had a negative net margin of 14.02% and a negative return on equity of 47.06%. The firm had revenue of $171.45 million during the quarter, compared to the consensus estimate of $158.00 million. Lesaka Technologies has set its FY 2026 guidance at 0.260-0.260 EPS. Analysts predict that Lesaka Technologies, Inc. will post -0.16 EPS for the current fiscal year.

Insider Buying and Selling at Lesaka Technologies

In related news, Chairman Ali Mazanderani acquired 1,800,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The shares were acquired at an average cost of $5.00 per share, for a total transaction of $9,000,000.00. Following the completion of the purchase, the chairman directly owned 2,325,115 shares in the company, valued at $11,625,575. This trade represents a 342.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Daniel Luke Smith bought 11,503 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was bought at an average price of $4.40 per share, with a total value of $50,613.20. Following the transaction, the chief financial officer directly owned 23,500 shares in the company, valued at $103,400. This represents a 95.88% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders bought 1,830,500 shares of company stock valued at $9,130,204. Company insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On Lesaka Technologies

Large investors have recently modified their holdings of the stock. Rathbones Group PLC lifted its position in Lesaka Technologies by 90.2% in the 2nd quarter. Rathbones Group PLC now owns 3,419,420 shares of the company’s stock worth $15,353,000 after buying an additional 1,622,088 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC purchased a new position in Lesaka Technologies in the second quarter valued at about $595,000. Susquehanna International Group LLP acquired a new position in Lesaka Technologies in the 3rd quarter worth about $74,000. Finally, Citadel Advisors LLC raised its stake 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 worth $79,000 after purchasing an additional 3,959 shares in the last quarter. 24.19% of the stock is owned by institutional investors.

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.