Lesaka Technologies (NASDAQ:LSAK) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Lesaka Technologies (NASDAQ:LSAK) announced its quarterly earnings results on Wednesday. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.06, FiscalAI reports. The business had revenue of $98.50 million for the quarter, compared to analyst estimates of $98.78 million. Lesaka Technologies had a negative return on equity of 15.95% and a negative net margin of 4.11%. Lesaka Technologies updated its FY 2027 guidance to 0.455-0.515 EPS and its Q1 2027 guidance to 0.024-0.036 EPS.

Lesaka Technologies Stock Performance

NASDAQ LSAK opened at $4.59 on Thursday. The company’s 50 day moving average is $4.69 and its 200-day moving average is $4.79. The firm has a market cap of $393.82 million, a P/E ratio of -13.11 and a beta of 0.33. Lesaka Technologies has a 12-month low of $3.62 and a 12-month high of $5.54. The company has a quick ratio of 1.44, a current ratio of 1.54 and a debt-to-equity ratio of 1.00.

Hedge Funds Weigh In On Lesaka Technologies

Several hedge funds have recently made changes to their positions in LSAK. Susquehanna International Group LLP purchased a new position in Lesaka Technologies during the 3rd quarter valued at about $74,000. Citadel Advisors LLC grew its stake 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 in the last quarter. Finally, Barclays PLC increased its holdings in Lesaka Technologies by 13,359.8% during the 4th quarter. Barclays PLC now owns 141,866 shares of the company’s stock worth $677,000 after acquiring an additional 140,812 shares during the period. 24.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LSAK has been the topic of several recent analyst 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 Lesaka Technologies from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, September 2nd. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Lesaka Technologies presently has a consensus rating of “Reduce”.

About Lesaka Technologies

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.