Lesaka Technologies (LSAK) to Release Quarterly Earnings on Tuesday

Lesaka Technologies (NASDAQ:LSAK) is scheduled to be releasing its earnings data after the market closes on Tuesday, September 12th. Analysts expect Lesaka Technologies to post earnings of ($0.09) per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Lesaka Technologies Price Performance

LSAK stock opened at $3.80 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.58 and a quick ratio of 1.33. The business has a 50 day simple moving average of $3.72 and a 200-day simple moving average of $3.96. The firm has a market capitalization of $234.16 million, a PE ratio of -6.13 and a beta of 1.06. Lesaka Technologies has a 1 year low of $3.02 and a 1 year high of $5.39.

Insider Buying and Selling

In other news, Director Value Capital Partners (Pty) L bought 7,303 shares of the stock in a transaction on Thursday, June 29th. The stock was purchased at an average cost of $3.57 per share, with a total value of $26,071.71. Following the purchase, the director now owns 15,642,598 shares of the company’s stock, valued at $55,844,074.86. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Lesaka Technologies

A number of institutional investors have recently modified their holdings of the stock. Morgan Stanley bought a new position in Lesaka Technologies in the 4th quarter worth about $23,549,000. Potomac Capital Management Inc. grew its position in Lesaka Technologies by 0.3% in the first quarter. Potomac Capital Management Inc. now owns 1,770,348 shares of the company’s stock worth $8,498,000 after buying an additional 5,918 shares during the last quarter. Deutsche Bank AG acquired a new position in Lesaka Technologies in the fourth quarter worth approximately $5,742,000. UBS Group AG boosted its stake in Lesaka Technologies by 5.7% in the 1st quarter. UBS Group AG now owns 359,962 shares of the company’s stock worth $1,728,000 after purchasing an additional 19,411 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Lesaka Technologies by 3.7% in the 2nd quarter. Renaissance Technologies LLC now owns 142,900 shares of the company’s stock worth $544,000 after purchasing an additional 5,100 shares during the period. Institutional investors and hedge funds own 24.14% of the company’s stock.

Analysts Set New Price Targets

Separately, Litchfield Hills Research restated a “buy” rating on shares of Lesaka Technologies in a research note on Tuesday, May 9th.

About Lesaka Technologies

Lesaka Technologies, Inc, a financial technology company, engages in the provision of fintech products and services to unbanked and underbanked individuals and small businesses primarily in South Africa and internationally. The company operates through three segments: Consumer, Merchant, and Other. It provides financial services, such as bank accounts, loans, and insurance products.