Lesaka Technologies, Inc. $LSAK Stock: Hosking Partners LLP Grows Stake

Key Points

• Hosking Partners increased its Lesaka Technologies stake by 27.2% in the third quarter, adding 741,295 shares to own approximately 4.04% of the company. Institutional investors and hedge funds collectively own 24.19% of Lesaka’s stock.
• Analyst sentiment is generally positive: Lesaka has a consensus rating of “Moderate Buy” and a consensus price target of $7.56, compared with shares recently trading at $4.30.
• Lesaka reported quarterly earnings of $0.15 per share on $98.5 million in revenue, while analysts expect full-year EPS of $0.21. The stock has traded between $3.62 and $5.54 over the past 52 weeks.

Hosking Partners LLP grew its stake in shares of Lesaka Technologies, Inc. (NASDAQ:LSAK - Free Report) by 27.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,465,448 shares of the company's stock after buying an additional 741,295 shares during the quarter. Hosking Partners LLP owned about 4.04% of Lesaka Technologies worth $15,005,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, AXQ Capital LP acquired a new position in shares of Lesaka Technologies during the second quarter valued at approximately $60,000. Institutional investors and hedge funds own 24.19% of the company's stock.

Analyst Ratings Changes

LSAK has been the topic of several recent analyst reports. Wall Street Zen raised Lesaka Technologies from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 19th. Weiss Ratings raised Lesaka Technologies from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, October 8th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a $7.56 price target on shares of Lesaka Technologies in a research note on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $7.56.

Lesaka Technologies Price Performance

Shares of Lesaka Technologies stock opened at $4.30 on Thursday. The company has a current ratio of 1.59, a quick ratio of 1.47 and a debt-to-equity ratio of 0.95. The company's 50-day moving average price is $4.46 and its two-hundred day moving average price is $4.70. Lesaka Technologies, Inc. has a 52 week low of $3.62 and a 52 week high of $5.54. The stock has a market cap of $368.92 million, a PE ratio of 107.53 and a beta of 0.36.

Lesaka Technologies (NASDAQ:LSAK - Get Free Report) last issued its quarterly earnings results on Saturday, August 15th. The company reported $0.15 earnings per share for the quarter. The company had revenue of $98.50 million during the quarter. Lesaka Technologies had a net margin of 0.43% and a return on equity of 1.65%. As a group, sell-side analysts anticipate that Lesaka Technologies, Inc. will post 0.21 EPS for the current fiscal year.

Lesaka Technologies Company Profile

Lesaka Technologies, Inc is a financial technology company that provides digital payments and other financial services to consumers and businesses in Southern Africa. The company serves individuals who are underserved by traditional banking institutions, as well as merchants in the informal and formal economies.

Lesaka's consumer offerings include transactional banking services, digital wallets, money transfers, insurance and credit-related products. Its merchant business provides payment acceptance solutions, point-of-sale services, cash management, banking tools and other value-added financial services designed to help businesses manage collections, payments and daily operations.

The company operates primarily in South Africa and has a presence in several other Southern African markets, including Botswana, Lesotho, Eswatini and Namibia.

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