Lesaka Technologies (NASDAQ:LSAK) Posts Earnings Results, Beats Estimates By $0.04 EPS

Lesaka Technologies (NASDAQ:LSAK) posted its quarterly earnings data on Wednesday. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04, FiscalAI reports. Lesaka Technologies had a negative net margin of 7.87% and a negative return on equity of 28.23%. The company had revenue of $96.37 million for the quarter, compared to the consensus estimate of $99.30 million. Lesaka Technologies updated its FY 2026 guidance to 0.336-0.367 EPS.

Lesaka Technologies Price Performance

LSAK traded down $0.11 on Wednesday, hitting $4.90. 111,334 shares of the company’s stock traded hands, compared to its average volume of 88,584. The company’s 50 day simple moving average is $4.88 and its 200-day simple moving average is $4.53. The company has a current ratio of 1.57, a quick ratio of 1.43 and a debt-to-equity ratio of 1.09. Lesaka Technologies has a one year low of $3.39 and a one year high of $5.54. The firm has a market cap of $411.21 million, a price-to-earnings ratio of -7.78 and a beta of 0.32.

Insiders Place Their Bets

In other Lesaka Technologies news, major shareholder Finance Corp International sold 106,948 shares of the stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $4.90, for a total transaction of $524,045.20. Following the completion of the sale, the insider directly owned 5,330,784 shares of the company’s stock, valued at $26,120,841.60. This trade represents a 1.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 798,768 shares of company stock valued at $3,951,513. Corporate insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On Lesaka Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC grew its stake in Lesaka Technologies by 13,359.8% during the fourth quarter. Barclays PLC now owns 141,866 shares of the company’s stock valued at $677,000 after acquiring an additional 140,812 shares in the last quarter. Citadel Advisors LLC lifted its stake in Lesaka Technologies by 26.4% in the 3rd quarter. Citadel Advisors LLC now owns 18,977 shares of the company’s stock worth $79,000 after purchasing an additional 3,959 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new position in shares of Lesaka Technologies during the 3rd quarter valued at about $74,000. Institutional investors own 24.19% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Lesaka Technologies to a “hold” rating in a research report on Saturday, February 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lesaka Technologies in a research report on Tuesday, April 21st. Finally, Zacks Research upgraded Lesaka Technologies from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.

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.