Lesaka Technologies, Inc. (NASDAQ:LSAK) Short Interest Down 27.1% in February

Lesaka Technologies, Inc. (NASDAQ:LSAK) saw a significant decline in short interest in February. As of February 27th, there was short interest totaling 172,560 shares, a decline of 27.1% from the February 12th total of 236,773 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 61,255 shares, the days-to-cover ratio is presently 2.8 days. Based on an average daily volume of 61,255 shares, the days-to-cover ratio is presently 2.8 days. Currently, 0.2% of the shares of the company are sold short.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on LSAK shares. Wall Street Zen upgraded shares of Lesaka Technologies to a “hold” rating in a research report on Saturday, February 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lesaka Technologies in a report on Thursday, January 22nd. Finally, Zacks Research upgraded shares of Lesaka Technologies from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Lesaka Technologies presently has a consensus rating of “Reduce”.

Lesaka Technologies Price Performance

Shares of NASDAQ:LSAK traded up $0.19 on Monday, hitting $5.11. The company’s stock had a trading volume of 117,350 shares, compared to its average volume of 81,313. The company has a market capitalization of $428.84 million, a PE ratio of -8.11 and a beta of 0.46. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.57 and a quick ratio of 1.43. The company has a 50-day simple moving average of $4.61 and a 200 day simple moving average of $4.36. Lesaka Technologies has a 1 year low of $3.39 and a 1 year high of $5.14.

Lesaka Technologies (NASDAQ:LSAK) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.04 by $0.04. The company had revenue of $93.40 million during the quarter, compared to analyst estimates of $166.00 million. Lesaka Technologies had a negative return on equity of 28.23% and a negative net margin of 7.87%.Lesaka Technologies has set its FY 2026 guidance at 0.260-0.260 EPS. Sell-side analysts forecast that Lesaka Technologies will post -0.16 EPS for the current fiscal year.

Insider Buying and Selling at Lesaka Technologies

In other Lesaka Technologies news, major shareholder Finance Corp International sold 27,767 shares of Lesaka Technologies stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $4.56, for a total transaction of $126,617.52. Following the completion of the transaction, the insider owned 6,035,962 shares of the company’s stock, valued at $27,523,986.72. The trade was a 0.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Ali Mazanderani bought 1,800,000 shares of Lesaka Technologies stock in a transaction on Wednesday, December 31st. The shares were bought at an average cost of $5.00 per share, with a total value of $9,000,000.00. Following the acquisition, the chairman directly owned 2,325,115 shares in the company, valued at approximately $11,625,575. This represents a 342.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders sold 79,810 shares of company stock valued at $368,076. 3.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lesaka Technologies

A number of institutional investors have recently made changes to their positions in LSAK. Potomac Capital Management Inc. purchased a new stake in shares of Lesaka Technologies during the 4th quarter valued at $4,766,000. Rathbones Group PLC grew its position in 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 acquiring an additional 225,000 shares in the last quarter. Barclays PLC grew its position in Lesaka Technologies by 13,359.8% in the fourth quarter. Barclays PLC now owns 141,866 shares of the company’s stock worth $677,000 after acquiring an additional 140,812 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC bought a new position in Lesaka Technologies in the second quarter valued at $595,000. Finally, 9823 Capital L.P. bought a new position in Lesaka Technologies in the fourth quarter valued at $94,000. Institutional investors 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.