Insider Buying: Lesaka Technologies (NASDAQ:LSAK) Chairman Acquires $9,000,000.00 in Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) Chairman Ali Mazanderani acquired 1,800,000 shares of the stock in a transaction that occurred on Wednesday, December 31st. The shares were bought at an average price of $5.00 per share, with a total value of $9,000,000.00. Following the completion of the transaction, the chairman owned 2,325,115 shares in the company, valued at $11,625,575. This represents a 342.78% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Lesaka Technologies Stock Performance

Shares of Lesaka Technologies stock opened at $4.59 on Monday. The company’s 50 day moving average price is $4.16 and its two-hundred day moving average price is $4.34. The firm has a market capitalization of $385.97 million, a P/E ratio of -4.29 and a beta of 0.47. Lesaka Technologies, Inc. has a fifty-two week low of $3.39 and a fifty-two week high of $5.45. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.61 and a quick ratio of 1.48.

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

Analyst Ratings Changes

LSAK has been the subject of several recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lesaka Technologies in a research note on Wednesday, October 8th. Zacks Research cut shares of Lesaka Technologies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 28th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Hedge Funds Weigh In On Lesaka Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in LSAK. Susquehanna International Group LLP acquired a new stake in Lesaka Technologies during the 3rd quarter valued at approximately $74,000. Citadel Advisors LLC boosted its stake in shares of 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 purchasing an additional 3,959 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC acquired a new stake in shares of Lesaka Technologies during the second quarter worth $595,000. Finally, Rathbones Group PLC raised its stake in Lesaka Technologies by 90.2% during the second quarter. Rathbones Group PLC now owns 3,419,420 shares of the company’s stock worth $15,353,000 after buying an additional 1,622,088 shares during the last quarter. 24.19% of the stock is 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.