Lesaka Technologies (NASDAQ:LSAK) Announces Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Lesaka Technologies (NASDAQ:LSAK) posted its earnings results on Wednesday. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.09 by $0.06, FiscalAI reports. Lesaka Technologies had a negative return on equity of 15.95% and a negative net margin of 4.11%.The firm had revenue of $98.50 million for the quarter, compared to analyst estimates of $98.78 million. 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 Price Performance

NASDAQ LSAK traded up $0.07 during mid-day trading on Wednesday, hitting $4.59. The stock had a trading volume of 132,693 shares, compared to its average volume of 115,615. The company has a market cap of $393.81 million, a price-to-earnings ratio of -13.11 and a beta of 0.33. The company has a quick ratio of 1.44, a current ratio of 1.54 and a debt-to-equity ratio of 1.00. Lesaka Technologies has a 52-week low of $3.62 and a 52-week high of $5.54. The company has a 50 day simple moving average of $4.70 and a 200 day simple moving average of $4.79.

Institutional Investors Weigh In On Lesaka Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC boosted its stake in shares of 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 during the last quarter. Susquehanna International Group LLP acquired a new position in shares of Lesaka Technologies in the 3rd quarter valued at about $74,000. Finally, Citadel Advisors LLC grew its holdings in shares of Lesaka Technologies by 26.4% during 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 during the period. Hedge funds and other institutional investors own 24.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on LSAK shares. Weiss Ratings downgraded Lesaka Technologies from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, September 2nd. Wall Street Zen downgraded Lesaka Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus 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.