Wall Street Zen Upgrades Lesaka Technologies (NASDAQ:LSAK) to “Hold”

Lesaka Technologies (NASDAQ:LSAK) was upgraded by analysts at Wall Street Zen to a “hold” rating in a note issued to investors on Saturday.

Several other analysts have also issued reports on LSAK. Weiss Ratings restated a “sell (d-)” rating on shares of Lesaka Technologies in a research report on Thursday, January 22nd. Zacks Research upgraded Lesaka Technologies from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce”.

Lesaka Technologies Trading Down 2.2%

LSAK stock opened at $4.41 on Friday. The company has a market capitalization of $370.09 million, a PE ratio of -7.00 and a beta of 0.47. Lesaka Technologies has a one year low of $3.39 and a one year high of $5.10. The company’s 50 day moving average price is $4.54 and its two-hundred day moving average price is $4.38. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.43 and a current ratio of 1.57.

Lesaka Technologies (NASDAQ:LSAK) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. Lesaka Technologies had a negative net margin of 7.87% and a negative return on equity of 28.23%. The company had revenue of $93.40 million during the quarter, compared to analysts’ expectations of $166.00 million. Lesaka Technologies has set its FY 2026 guidance at 0.260-0.260 EPS. As a group, analysts predict that Lesaka Technologies will post -0.16 earnings per share for the current fiscal year.

Insider Transactions at Lesaka Technologies

In other Lesaka Technologies news, CFO Daniel Luke Smith bought 11,503 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The shares were bought at an average cost of $4.40 per share, with a total value of $50,613.20. Following the completion of the purchase, the chief financial officer directly owned 23,500 shares of the company’s stock, valued at $103,400. This trade represents a 95.88% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Ali Mazanderani purchased 1,800,000 shares of Lesaka Technologies stock in a transaction that occurred on Wednesday, December 31st. The shares were acquired at an average price of $5.00 per share, for a total transaction of $9,000,000.00. Following the acquisition, the chairman owned 2,325,115 shares in the company, valued at $11,625,575. This trade represents a 342.78% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired 1,830,500 shares of company stock worth $9,130,204 in the last 90 days. Corporate insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On Lesaka Technologies

A number of large investors have recently made changes to their positions in the business. Rathbones Group PLC raised its holdings in shares of Lesaka Technologies by 6.6% during the fourth quarter. Rathbones Group PLC now owns 3,644,420 shares of the company’s stock valued at $17,384,000 after acquiring an additional 225,000 shares in the last quarter. Potomac Capital Management Inc. purchased a new position in Lesaka Technologies during the 4th quarter valued at $4,766,000. Schwarz Dygos Wheeler Investment Advisors LLC purchased a new position in Lesaka Technologies during the 2nd quarter valued at $595,000. Citadel Advisors LLC raised its holdings in Lesaka Technologies by 26.4% in 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 in the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in shares of Lesaka Technologies in the 3rd quarter worth about $74,000. 24.19% of the stock is currently owned by institutional investors.

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.