Lesaka Technologies (NASDAQ:LSAK) Trading Down 2.6% - Here's What Happened

Key Points

• Lesaka Technologies' stock price has decreased by 2.6%, trading at around $4.09 following a decline from the previous close of $4.20.
• The company reported a loss of $0.35 earnings per share for the last quarter, significantly missing the consensus estimate of $0.04, with revenues at $82 million compared to expected $131 million.
• Despite the negative performance, a hedge fund raised its stake in Lesaka Technologies by 41.3%, now owning approximately 2.21% of the company's stock.

Lesaka Technologies, Inc. (NASDAQ:LSAK - Get Free Report)'s share price traded down 2.6% during mid-day trading on Thursday . The company traded as low as $4.08 and last traded at $4.09. 69,437 shares were traded during mid-day trading, an increase of 13% from the average session volume of 61,314 shares. The stock had previously closed at $4.20.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of Lesaka Technologies to a "hold" rating in a research note on Friday, August 8th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Lesaka Technologies in a research note on Wednesday. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Reduce".

Lesaka Technologies Stock Down 2.6%

The firm has a market cap of $342.21 million, a PE ratio of -3.75 and a beta of 0.68. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.37 and a current ratio of 1.52. The firm's 50-day moving average price is $4.48 and its two-hundred day moving average price is $4.44.

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 the consensus estimate of $0.04 by ($0.39). The company had revenue of $82.00 million for the quarter, compared to analysts' expectations of $131.00 million. Lesaka Technologies had a negative return on equity of 63.79% and a negative net margin of 17.16%. Lesaka Technologies has set its FY 2026 guidance at 0.250- EPS. Q1 2026 guidance at EPS. As a group, equities research analysts expect that Lesaka Technologies, Inc. will post -0.16 EPS for the current fiscal year.

Institutional Trading of Lesaka Technologies

A hedge fund recently raised its stake in Lesaka Technologies stock. Rathbones Group PLC boosted its holdings in Lesaka Technologies, Inc. (NASDAQ:LSAK - Free Report) by 41.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,797,332 shares of the company's stock after purchasing an additional 525,000 shares during the quarter. Rathbones Group PLC owned about 2.21% of Lesaka Technologies worth $8,573,000 at the end of the most recent quarter. Hedge funds and other 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.

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