Lesaka Technologies (NASDAQ:LSAK) Announces Quarterly Earnings Results

Lesaka Technologies (NASDAQ:LSAK) posted its earnings results on Wednesday. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.04 by $0.04, FiscalAI reports. Lesaka Technologies had a negative net margin of 7.87% and a negative return on equity of 28.51%. The firm had revenue of $93.40 million for the quarter, compared to the consensus estimate of $166.00 million. Lesaka Technologies updated its FY 2026 guidance to 0.260-0.260 EPS.

Lesaka Technologies Stock Performance

Shares of Lesaka Technologies stock traded up $0.10 during midday trading on Friday, hitting $4.58. The company had a trading volume of 54,273 shares, compared to its average volume of 86,339. Lesaka Technologies has a 1-year low of $3.39 and a 1-year high of $5.10. The business’s 50 day simple moving average is $4.48 and its two-hundred day simple moving average is $4.37. The stock has a market cap of $384.71 million, a PE ratio of -7.26 and a beta of 0.47. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.61 and a quick ratio of 1.48.

Insiders Place Their Bets

In related news, Chairman Ali Mazanderani acquired 1,800,000 shares of the business’s stock in a transaction dated Wednesday, December 31st. The stock was acquired 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 of the company’s stock, valued at approximately $11,625,575. This represents a 342.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Daniel Luke Smith bought 11,503 shares of Lesaka Technologies stock in a transaction that occurred on Wednesday, December 10th. The stock was bought at an average price of $4.40 per share, with a total value of $50,613.20. Following the purchase, the chief financial officer owned 23,500 shares of the company’s stock, valued at $103,400. This trade represents a 95.88% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders acquired 1,830,500 shares of company stock valued at $9,130,204. Insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On Lesaka Technologies

An institutional investor recently raised its position in Lesaka Technologies stock. Citadel Advisors LLC grew its holdings in Lesaka Technologies, Inc. (NASDAQ:LSAK) by 26.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,977 shares of the company’s stock after buying an additional 3,959 shares during the quarter. Citadel Advisors LLC’s holdings in Lesaka Technologies were worth $79,000 as of its most recent filing with the SEC. Institutional investors own 24.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LSAK. Zacks Research raised Lesaka Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lesaka Technologies in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Lesaka Technologies currently has an average 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.