Lesaka Technologies, Inc. (NASDAQ:LSAK) Director Acquires $196,884.32 in Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK – Get Rating) Director Value Capital Partners (Pty) L purchased 52,784 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was bought at an average cost of $3.73 per share, with a total value of $196,884.32. Following the acquisition, the director now owns 15,604,703 shares in the company, valued at approximately $58,205,542.19. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Value Capital Partners (Pty) L also recently made the following trade(s):

• On Thursday, March 30th, Value Capital Partners (Pty) L purchased 1,925 shares of Lesaka Technologies stock. The stock was bought at an average cost of $4.50 per share, with a total value of $8,662.50.
• On Tuesday, March 28th, Value Capital Partners (Pty) L purchased 800 shares of Lesaka Technologies stock. The stock was bought at an average cost of $4.12 per share, with a total value of $3,296.00.

Lesaka Technologies Stock Performance

Lesaka Technologies stock opened at $3.95 on Friday. Lesaka Technologies, Inc. has a 52-week low of $3.02 and a 52-week high of $5.99. The company has a fifty day simple moving average of $4.05 and a 200-day simple moving average of $4.15. The company has a quick ratio of 1.33, a current ratio of 1.58 and a debt-to-equity ratio of 0.73.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LSAK. Litchfield Hills Research reissued a “buy” rating on shares of Lesaka Technologies in a report on Tuesday, May 9th. TheStreet raised shares of Lesaka Technologies from a “d+” rating to a “c-” rating in a report on Friday, February 10th.

Institutional Investors Weigh In On Lesaka Technologies

A number of large investors have recently modified their holdings of LSAK. Barclays PLC purchased a new stake in shares of Lesaka Technologies during the first quarter worth $47,000. Bank of America Corp DE acquired a new position in shares of Lesaka Technologies during the 4th quarter valued at about $63,000. IFP Advisors Inc acquired a new position in shares of Lesaka Technologies during the 4th quarter valued at about $119,000. Meixler Investment Management Ltd. acquired a new position in shares of Lesaka Technologies during the 3rd quarter valued at about $125,000. Finally, Firsthand Capital Management Inc. acquired a new position in shares of Lesaka Technologies during the 4th quarter valued at about $136,000. Hedge funds and other institutional investors own 56.25% of the company’s stock.

About Lesaka Technologies

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Lesaka Technologies, Inc engages in the provision of financial technology, products, and services to unbanked and underbanked individuals and small businesses in South Africa and other emerging economies. It operates through the following segments: Consumer, Merchant, and Other. The Consumer segment deals with the provision of financial services to customers, including a bank account, loans and insurance products.