Lesaka Technologies (NASDAQ:LSAK) Posts Earnings Results, Beats Expectations By $0.04 EPS

Lesaka Technologies (NASDAQ:LSAK) posted its earnings results on Wednesday. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04, FiscalAI reports. Lesaka Technologies had a negative return on equity of 28.23% and a negative net margin of 7.87%.The company had revenue of $96.37 million for the quarter, compared to the consensus estimate of $99.30 million. Lesaka Technologies updated its FY 2026 guidance to 0.336-0.367 EPS.

Lesaka Technologies Trading Down 2.2%

NASDAQ LSAK traded down $0.11 during trading hours on Wednesday, hitting $4.90. 111,334 shares of the company were exchanged, compared to its average volume of 88,584. The stock has a 50-day moving average price of $4.88 and a 200 day moving average price of $4.53. The company has a quick ratio of 1.43, a current ratio of 1.57 and a debt-to-equity ratio of 1.09. Lesaka Technologies has a 52 week low of $3.39 and a 52 week high of $5.54. The stock has a market cap of $411.21 million, a PE ratio of -7.78 and a beta of 0.32.

Insider Activity

In other news, major shareholder Finance Corp International sold 66,437 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $4.90, for a total value of $325,541.30. Following the completion of the sale, the insider directly owned 5,244,859 shares of the company’s stock, valued at $25,699,809.10. This trade represents a 1.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders sold 798,768 shares of company stock valued at $3,951,513. 3.40% of the stock is owned by company insiders.

Institutional Trading of Lesaka Technologies

A number of institutional investors have recently bought and sold shares of the stock. Susquehanna International Group LLP purchased a new position in Lesaka Technologies during the third quarter worth $74,000. Citadel Advisors LLC increased its position in Lesaka Technologies by 26.4% during the third quarter. Citadel Advisors LLC now owns 18,977 shares of the company’s stock valued at $79,000 after acquiring an additional 3,959 shares during the last quarter. Finally, Barclays PLC raised its stake 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 acquiring an additional 140,812 shares during the period. 24.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on LSAK shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lesaka Technologies in a research note on Tuesday, April 21st. Zacks Research upgraded Lesaka Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, Wall Street Zen raised shares of Lesaka Technologies to a “hold” rating in a report on Saturday, February 14th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce”.

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.