Lesaka Technologies (NASDAQ:LSAK) Trading Up 0.9% – Still a Buy?

Lesaka Technologies, Inc. (NASDAQ:LSAK) was up 0.9% during mid-day trading on Friday . The company traded as high as $4.72 and last traded at $4.70. Approximately 29,692 shares changed hands during trading, a decline of 61% from the average daily volume of 75,758 shares. The stock had previously closed at $4.66.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lesaka Technologies in a research note on Wednesday, October 8th. Zacks Research cut Lesaka Technologies from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Lesaka Technologies Stock Performance

The company has a debt-to-equity ratio of 1.10, a current ratio of 1.61 and a quick ratio of 1.48. The stock’s 50-day moving average price is $4.33 and its 200-day moving average price is $4.37. The company has a market cap of $395.22 million, a P/E ratio of -4.39 and a beta of 0.47.

Lesaka Technologies (NASDAQ:LSAK) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.09). The business had revenue of $171.45 million during the quarter, compared to analyst estimates of $158.00 million. Lesaka Technologies had a negative return on equity of 47.06% and a negative net margin of 14.02%.Lesaka Technologies has set its FY 2026 guidance at 0.260-0.260 EPS. Equities analysts anticipate that Lesaka Technologies, Inc. will post -0.16 EPS for the current year.

Insider Activity at Lesaka Technologies

In related news, CFO Daniel Luke Smith purchased 11,503 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was acquired at an average cost of $4.40 per share, for a total transaction of $50,613.20. Following the completion of the purchase, the chief financial officer owned 23,500 shares in the company, valued at approximately $103,400. This represents a 95.88% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Ali Mazanderani purchased 1,800,000 shares of Lesaka Technologies stock in a transaction that occurred on Wednesday, December 31st. The shares were bought at an average cost of $5.00 per share, for a total transaction of $9,000,000.00. Following the transaction, the chairman directly owned 2,325,115 shares of the company’s stock, valued at $11,625,575. This represents a 342.78% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders purchased 1,830,500 shares of company stock valued at $9,130,204. 3.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Rathbones Group PLC raised its stake in Lesaka Technologies by 90.2% in the second 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 in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC bought a new position in Lesaka Technologies in the 2nd quarter valued at about $595,000. Citadel Advisors LLC increased its holdings in Lesaka Technologies by 26.4% in the 3rd quarter. Citadel Advisors LLC now owns 18,977 shares of the company’s stock valued at $79,000 after buying an additional 3,959 shares during the period. Finally, Susquehanna International Group LLP acquired a new position in shares of Lesaka Technologies in the 3rd quarter valued at approximately $74,000. 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.