Lesaka Technologies (NASDAQ:LSAK) Posts Earnings Results, Beats Expectations By $0.06 EPS

Lesaka Technologies (NASDAQ:LSAK) issued its quarterly earnings results on Wednesday. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06, FiscalAI reports. The company had revenue of $98.50 million during the quarter, compared to analyst estimates of $98.78 million. Lesaka Technologies had a negative net margin of 4.11% and a negative return on equity of 15.95%. Lesaka Technologies updated its FY 2027 guidance to 0.455-0.515 EPS and its Q1 2027 guidance to 0.024-0.036 EPS.

Lesaka Technologies Stock Performance

LSAK traded up $0.07 on Wednesday, hitting $4.59. 141,720 shares of the stock traded hands, compared to its average volume of 115,722. The business has a fifty day moving average price of $4.70 and a two-hundred day moving average price of $4.79. The company has a current ratio of 1.54, a quick ratio of 1.44 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $393.81 million, a PE ratio of -13.11 and a beta of 0.33. Lesaka Technologies has a 52 week low of $3.62 and a 52 week high of $5.54.

Institutional Trading of Lesaka Technologies

A number of institutional investors and hedge funds have recently modified their holdings of LSAK. Citadel Advisors LLC boosted 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 valued at $79,000 after buying an additional 3,959 shares in the last quarter. Susquehanna International Group LLP bought a new position in shares of Lesaka Technologies in the third quarter valued at about $74,000. Finally, Barclays PLC lifted its position in Lesaka Technologies by 13,359.8% during the 4th quarter. Barclays PLC now owns 141,866 shares of the company’s stock worth $677,000 after buying an additional 140,812 shares in the last quarter. 24.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Weiss Ratings cut Lesaka Technologies from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, September 2nd. Wall Street Zen lowered Lesaka Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Lesaka Technologies 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.