Lesaka Technologies (NASDAQ:LSAK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Lesaka Technologies (NASDAQ:LSAK) from a buy rating to a strong-buy rating in a research report report published on Saturday,Wall Street Zen reports.

Several other equities analysts have also commented on LSAK. Weiss Ratings raised Lesaka Technologies from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, September 16th. Jefferies Financial Group reissued a “buy” rating and set a $7.56 price objective on shares of Lesaka Technologies in a research report on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.56.

Lesaka Technologies Stock Down 0.5%

LSAK stock opened at $4.18 on Friday. The firm has a market cap of $358.73 million, a PE ratio of 104.53 and a beta of 0.33. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.47 and a current ratio of 1.59. The firm’s 50 day moving average price is $4.59 and its 200-day moving average price is $4.77. Lesaka Technologies has a one year low of $3.62 and a one year high of $5.54.

Lesaka Technologies (NASDAQ:LSAK) last released its quarterly earnings data on Saturday, August 15th. The company reported $0.15 EPS for the quarter. The firm had revenue of $98.50 million for the quarter. Lesaka Technologies had a return on equity of 1.65% and a net margin of 0.43%. On average, equities research analysts anticipate that Lesaka Technologies will post 0.21 EPS for the current year.

Hedge Funds Weigh In On Lesaka Technologies

Several institutional investors have recently bought and sold shares of the company. AXQ Capital LP acquired a new stake in shares of Lesaka Technologies during the second quarter worth about $60,000. Renaissance Technologies LLC grew its holdings in shares of Lesaka Technologies by 16.6% in the first quarter. Renaissance Technologies LLC now owns 185,900 shares of the company’s stock valued at $946,000 after purchasing an additional 26,500 shares in the last quarter. 9823 Capital L.P. purchased a new stake in Lesaka Technologies during the 4th quarter worth approximately $94,000. Finally, Potomac Capital Management Inc. acquired a new stake in Lesaka Technologies during the 4th quarter worth approximately $4,766,000. 24.19% of the stock is owned by institutional investors and hedge funds.

Lesaka Technologies Company Profile

Lesaka Technologies, Inc is a financial technology company that provides digital payments and financial services in Southern Africa. Formerly known as Net 1 UEPS Technologies, the company adopted the Lesaka name in 2022 as part of a broader focus on payments, banking, and related technology services.

Lesaka serves consumers, merchants, and businesses through services that include digital wallets, card and cash payments, money transfers, prepaid products, bill payment, banking services, and lending.