Lesaka Technologies, Inc. $LSAK Stock Bought by Hosking Partners LLP

Hosking Partners LLP grew its stake in shares of Lesaka Technologies, Inc. (NASDAQ:LSAK) by 27.2% in the third quarter, Holdings Channel.com reports. The fund owned 3,465,448 shares of the company’s stock after buying an additional 741,295 shares during the quarter. Hosking Partners LLP’s holdings in Lesaka Technologies were worth $15,005,000 at the end of the most recent reporting period.

Separately, AXQ Capital LP bought a new stake in shares of Lesaka Technologies during the 2nd quarter worth $60,000. Institutional investors own 24.19% of the company’s stock.

Lesaka Technologies Stock Performance

Shares of LSAK opened at $4.30 on Thursday. Lesaka Technologies, Inc. has a one year low of $3.62 and a one year high of $5.54. The company has a 50-day moving average of $4.46 and a two-hundred day moving average of $4.70. The stock has a market cap of $368.92 million, a price-to-earnings ratio of 107.53 and a beta of 0.36. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.59 and a quick ratio of 1.47.

Lesaka Technologies (NASDAQ:LSAK) last released its quarterly earnings results on Saturday, August 15th. The company reported $0.15 earnings per share (EPS) for the quarter. Lesaka Technologies had a net margin of 0.43% and a return on equity of 1.65%. The business had revenue of $98.50 million for the quarter. On average, equities research analysts expect that Lesaka Technologies, Inc. will post 0.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

LSAK has been the topic of a number of recent research reports. Jefferies Financial Group restated a “buy” rating and issued a $7.56 target price on shares of Lesaka Technologies in a report on Monday, September 14th. Wall Street Zen raised Lesaka Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 19th. Finally, Weiss Ratings upgraded Lesaka Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $7.56.

Lesaka Technologies Profile

Lesaka Technologies, Inc is a financial technology company that provides digital payments and other financial services to consumers and businesses in Southern Africa. The company serves individuals who are underserved by traditional banking institutions, as well as merchants in the informal and formal economies.

Lesaka’s consumer offerings include transactional banking services, digital wallets, money transfers, insurance and credit-related products. Its merchant business provides payment acceptance solutions, point-of-sale services, cash management, banking tools and other value-added financial services designed to help businesses manage collections, payments and daily operations.

The company operates primarily in South Africa and has a presence in several other Southern African markets, including Botswana, Lesotho, Eswatini and Namibia.