Lesaka Technologies (NASDAQ:LSAK) Issues Earnings Results

Lesaka Technologies (NASDAQ:LSAK) announced its earnings results on Wednesday. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01), reports. Lesaka Technologies had a negative return on equity of 9.25% and a negative net margin of 2.85%. The business had revenue of $145.55 million during the quarter, compared to the consensus estimate of $144.17 million. Lesaka Technologies updated its FY 2025 guidance to EPS and its Q2 2025 guidance to EPS.

Lesaka Technologies Stock Down 0.7 %

Shares of NASDAQ:LSAK traded down $0.04 during trading on Friday, hitting $5.33. The stock had a trading volume of 4,881 shares, compared to its average volume of 33,237. Lesaka Technologies has a 12 month low of $3.00 and a 12 month high of $5.60. The company has a market capitalization of $337.07 million, a PE ratio of -21.32 and a beta of 0.93. The firm’s fifty day moving average is $4.98 and its 200 day moving average is $4.81. The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.79.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LSAK. Rathbones Group PLC increased its holdings in Lesaka Technologies by 100.0% during the second quarter. Rathbones Group PLC now owns 1,272,332 shares of the company’s stock valued at $5,955,000 after buying an additional 636,166 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Lesaka Technologies by 3.7% during the 1st quarter. Russell Investments Group Ltd. now owns 87,046 shares of the company’s stock valued at $326,000 after purchasing an additional 3,137 shares during the period. Renaissance Technologies LLC raised its stake in Lesaka Technologies by 8.8% during the 2nd quarter. Renaissance Technologies LLC now owns 182,100 shares of the company’s stock valued at $852,000 after purchasing an additional 14,700 shares during the period. Finally, Hosking Partners LLP increased its stake in Lesaka Technologies by 58.8% in the 2nd quarter. Hosking Partners LLP now owns 2,607,388 shares of the company’s stock worth $12,203,000 after acquiring an additional 965,576 shares during the last 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.