Lesaka Technologies (NASDAQ:LSAK) Stock Price Up 1.1% – Time to Buy?

Lesaka Technologies, Inc. (NASDAQ:LSAK) rose 1.1% on Monday . The stock traded as high as $4.65 and last traded at $4.57. 38,590 shares were traded during mid-day trading, a decline of 74% from the average session volume of 147,241 shares. The stock had previously closed at $4.52.

Wall Street Analysts Forecast Growth

LSAK has been the topic of a number of recent research reports. Wall Street Zen cut Lesaka Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Weiss Ratings lowered shares of Lesaka Technologies from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

Lesaka Technologies Stock Performance

The stock has a fifty day moving average price of $4.80 and a two-hundred day moving average price of $4.78. The company has a market cap of $392.11 million, a P/E ratio of -13.06 and a beta of 0.32. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.54 and a quick ratio of 1.44.

Lesaka Technologies (NASDAQ:LSAK) last issued its quarterly earnings data on Friday, March 27th. The company reported $0.03 earnings per share (EPS) for the quarter. Lesaka Technologies had a negative return on equity of 15.95% and a negative net margin of 4.11%.The business had revenue of $96.37 million during the quarter. On average, equities analysts forecast that Lesaka Technologies, Inc. will post 0.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Rathbones Group PLC grew its stake 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 worth $17,384,000 after purchasing an additional 225,000 shares in the last quarter. Potomac Capital Management Inc. bought a new stake in shares of Lesaka Technologies during the fourth quarter valued at about $4,766,000. Barclays PLC raised its stake in shares of Lesaka Technologies by 13,359.8% during the fourth 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. Citadel Advisors LLC lifted its holdings in Lesaka Technologies by 26.4% in the third quarter. Citadel Advisors LLC now owns 18,977 shares of the company’s stock worth $79,000 after purchasing an additional 3,959 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Lesaka Technologies by 16.6% in the first quarter. Renaissance Technologies LLC now owns 185,900 shares of the company’s stock worth $946,000 after purchasing an additional 26,500 shares during the period. Institutional investors and hedge funds 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.