Lesaka Technologies (NASDAQ:LSAK) Posts Earnings Results

Lesaka Technologies (NASDAQ:LSAK) released its quarterly earnings data on Wednesday. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04, FiscalAI reports. Lesaka Technologies had a negative net margin of 4.11% and a negative return on equity of 16.12%. The business had revenue of $96.37 million during the quarter, compared to analyst estimates of $99.30 million. Lesaka Technologies updated its FY 2026 guidance to 0.336-0.367 EPS.

Lesaka Technologies Price Performance

Shares of NASDAQ:LSAK traded down $0.09 during trading on Friday, hitting $4.88. 11,290 shares of the company were exchanged, compared to its average volume of 87,919. The company has a market capitalization of $409.53 million, a P/E ratio of -13.94 and a beta of 0.32. The company has a quick ratio of 1.43, a current ratio of 1.57 and a debt-to-equity ratio of 1.09. Lesaka Technologies has a 1-year low of $3.62 and a 1-year high of $5.54. The business’s 50 day moving average is $4.88 and its 200-day moving average is $4.53.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on LSAK shares. Zacks Research upgraded Lesaka Technologies from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. Weiss Ratings raised Lesaka Technologies from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday. Finally, Wall Street Zen upgraded shares of Lesaka Technologies to a “hold” rating in a report on Saturday, February 14th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce”.

Insider Transactions at Lesaka Technologies

In other news, major shareholder Finance Corp International sold 66,437 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $4.90, for a total value of $325,541.30. Following the completion of the sale, the insider directly owned 5,244,859 shares in the company, valued at approximately $25,699,809.10. The trade was a 1.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 798,768 shares of company stock valued at $3,951,513 over the last ninety days. 3.40% of the stock is owned by corporate insiders.

Institutional Trading of Lesaka Technologies

Institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC increased its stake 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 valued at $79,000 after buying an additional 3,959 shares during the period. Barclays PLC lifted its stake in shares of Lesaka Technologies by 13,359.8% in the 4th quarter. Barclays PLC now owns 141,866 shares of the company’s stock valued at $677,000 after purchasing an additional 140,812 shares during the period. Finally, Susquehanna International Group LLP bought a new stake in shares of Lesaka Technologies during the third quarter valued at approximately $74,000. Hedge funds and other institutional investors own 24.19% of the company’s stock.

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.