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

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)'s stock price traded down 4.4% during mid-day trading on Wednesday . The stock traded as low as $4.11 and last traded at $4.11. 42,650 shares traded hands during trading, a decline of 15% from the average session volume of 50,388 shares. The stock had previously closed at $4.30.

Analysts Set New Price Targets

Separately, Zacks Research raised Lesaka Technologies to a "hold" rating in a research note on Friday, August 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Lesaka Technologies currently has a consensus rating of "Hold".

Lesaka Technologies Stock Down 2.2%

The firm's 50 day moving average is $4.56 and its two-hundred day moving average is $4.48. The stock 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 current ratio of 1.37, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87.

Lesaka Technologies (NASDAQ:LSAK - Get Free Report) last announced its earnings results on Wednesday, September 10th. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.39). Lesaka Technologies had a negative net margin of 17.16% and a negative return on equity of 69.77%. 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. On average, sell-side analysts predict that Lesaka Technologies, Inc. will post -0.16 EPS for the current year.

Institutional Inflows and Outflows

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 second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 132,509 shares of the company's stock, valued at approximately $595,000. Schwarz Dygos Wheeler Investment Advisors LLC owned about 0.16% of Lesaka Technologies at the end of the most recent reporting period. 24.19% of the stock is currently owned by institutional investors.

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.