Lesaka Technologies (NASDAQ:LSAK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Lesaka Technologies (NASDAQ:LSAK) to a hold rating in a research note released on Saturday.

A number of other analysts have also issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Lesaka Technologies in a research note on Thursday, January 22nd. Zacks Research raised shares of Lesaka Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Lesaka Technologies currently has an average rating of “Reduce”.

Lesaka Technologies Trading Down 2.2%

NASDAQ:LSAK opened at $4.41 on Friday. The business’s 50-day moving average is $4.55 and its two-hundred day moving average is $4.37. The firm has a market capitalization of $370.09 million, a PE ratio of -7.00 and a beta of 0.47. Lesaka Technologies has a 12 month low of $3.39 and a 12 month high of $5.10. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.57 and a quick ratio of 1.43.

Lesaka Technologies (NASDAQ:LSAK) last posted its earnings results on Wednesday, February 4th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. Lesaka Technologies had a negative net margin of 7.87% and a negative return on equity of 28.23%. The business had revenue of $93.40 million for the quarter, compared to analysts’ expectations of $166.00 million. Lesaka Technologies has set its FY 2026 guidance at 0.260-0.260 EPS. Research analysts predict that Lesaka Technologies will post -0.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Lesaka Technologies news, Chairman Ali Mazanderani purchased 1,800,000 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The stock was acquired at an average cost of $5.00 per share, with a total value of $9,000,000.00. Following the acquisition, the chairman owned 2,325,115 shares of the company’s stock, valued at approximately $11,625,575. This represents a 342.78% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Daniel Luke Smith acquired 11,503 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were acquired at an average cost of $4.40 per share, with a total value of $50,613.20. Following the transaction, the chief financial officer owned 23,500 shares in the company, valued at approximately $103,400. The trade was a 95.88% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 1,830,500 shares of company stock worth $9,130,204 over the last three months. 3.40% of the stock is owned by corporate insiders.

Institutional Trading of Lesaka Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rathbones Group PLC boosted its stake in Lesaka Technologies by 90.2% during the 2nd quarter. Rathbones Group PLC now owns 3,419,420 shares of the company’s stock valued at $15,353,000 after purchasing an additional 1,622,088 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC acquired a new position in shares of Lesaka Technologies during the second quarter worth approximately $595,000. Citadel Advisors LLC boosted its position in shares of Lesaka Technologies by 26.4% during the third quarter. Citadel Advisors LLC now owns 18,977 shares of the company’s stock worth $79,000 after buying an additional 3,959 shares during the period. Susquehanna International Group LLP bought a new position in Lesaka Technologies in the 3rd quarter worth approximately $74,000. Finally, Potomac Capital Management Inc. acquired a new stake in Lesaka Technologies in the 4th quarter valued at approximately $4,766,000. 24.19% of the stock is currently owned by institutional investors and hedge funds.

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.