Lesaka Technologies (NASDAQ:LSAK) Shares Down 4.4% - Here's Why

Key Points

• Lesaka Technologies shares fell by 4.4% to $4.11, with trading volume decreasing by 15% from the average daily volume.
• The company reported a significant earnings miss, with an EPS of ($0.35) against expectations of $0.04, along with revenue of $82 million, well below the $131 million estimate.
• Analysts have given the stock a Hold rating, reflecting cautious optimism, while institutional investors, including Rathbones Group PLC, increased their stake by 41.3%.

Lesaka Technologies, Inc. (NASDAQ:LSAK - Get Free Report) fell 4.4% during mid-day trading on Wednesday . The company traded as low as $4.11 and last traded at $4.11. 42,650 shares were traded during trading, a decline of 15% from the average session volume of 50,388 shares. The stock had previously closed at $4.30.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Lesaka Technologies to a "hold" rating in a research report on Friday, August 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of "Hold".

Lesaka Technologies Stock Performance

The business's 50-day simple moving average is $4.56 and its two-hundred day simple moving average is $4.48. The firm has a market cap of $332.31 million, a price-to-earnings ratio of -3.75 and a beta of 0.68. The company has a quick ratio of 1.25, a current ratio of 1.37 and a debt-to-equity ratio of 0.87.

Lesaka Technologies (NASDAQ:LSAK - Get Free Report) last issued its quarterly earnings data on Wednesday, September 10th. The company reported ($0.35) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.39). Lesaka Technologies had a negative return on equity of 69.77% and a negative net margin of 17.16%.The firm had revenue of $82.00 million during the quarter, compared to analyst estimates of $131.00 million. Lesaka Technologies has set its FY 2026 guidance at 0.250- EPS. Q1 2026 guidance at EPS. As a group, sell-side analysts expect that Lesaka Technologies, Inc. will post -0.16 earnings per share for the current fiscal year.

Institutional Trading of Lesaka Technologies

A hedge fund recently bought a new stake in Lesaka Technologies stock. Schwarz Dygos Wheeler Investment Advisors LLC acquired a new stake in shares of Lesaka Technologies, Inc. (NASDAQ:LSAK - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 132,509 shares of the company's stock, valued at approximately $595,000. Schwarz Dygos Wheeler Investment Advisors LLC owned approximately 0.16% of Lesaka Technologies at the end of the most recent quarter. Institutional investors own 24.19% of the company's stock.

About Lesaka Technologies

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.