Insider Buying: Lesaka Technologies (NASDAQ:LSAK) CFO Purchases 7,000 Shares of Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) CFO Daniel Luke Smith bought 7,000 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The shares were bought at an average cost of $4.21 per share, for a total transaction of $29,470.00. Following the completion of the acquisition, the chief financial officer owned 227,000 shares of the company’s stock, valued at $955,670. This trade represents a 3.18% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Daniel Luke Smith also recently made the following trade(s):

• On Monday, December 8th, Daniel Luke Smith purchased 2,500 shares of Lesaka Technologies stock. The stock was bought at an average cost of $4.16 per share, with a total value of $10,400.00.
• On Friday, December 5th, Daniel Luke Smith acquired 3,736 shares of Lesaka Technologies stock. The stock was bought at an average price of $4.14 per share, for a total transaction of $15,467.04.

Lesaka Technologies Stock Performance

Shares of NASDAQ LSAK traded up $0.06 during midday trading on Tuesday, reaching $4.21. 33,143 shares of the stock were exchanged, compared to its average volume of 30,967. The company has a quick ratio of 1.48, a current ratio of 1.61 and a debt-to-equity ratio of 1.10. The firm has a market cap of $354.02 million, a price-to-earnings ratio of -3.93 and a beta of 0.59. The firm has a 50-day simple moving average of $4.07 and a two-hundred day simple moving average of $4.31. Lesaka Technologies, Inc. has a twelve month low of $3.39 and a twelve month high of $5.58.

Lesaka Technologies (NASDAQ:LSAK) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.09). The firm had revenue of $171.45 million for the quarter, compared to analysts’ expectations of $158.00 million. Lesaka Technologies had a negative return on equity of 47.06% and a negative net margin of 14.02%.Lesaka Technologies has set its FY 2026 guidance at 0.260-0.260 EPS. As a group, analysts anticipate that Lesaka Technologies, Inc. will post -0.16 EPS for the current fiscal year.

Institutional Trading of Lesaka Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Susquehanna International Group LLP acquired a new position in shares of Lesaka Technologies during the 3rd quarter worth about $74,000. Citadel Advisors LLC boosted its holdings in Lesaka Technologies by 26.4% in the 3rd quarter. Citadel Advisors LLC now owns 18,977 shares of the company’s stock worth $79,000 after buying an additional 3,959 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC acquired a new stake in Lesaka Technologies in the 2nd quarter worth about $595,000. Finally, Rathbones Group PLC increased its stake in Lesaka Technologies by 41.3% during the 1st quarter. Rathbones Group PLC now owns 1,797,332 shares of the company’s stock worth $8,573,000 after buying an additional 525,000 shares in the last quarter. Hedge funds and other institutional investors own 24.19% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on LSAK shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Lesaka Technologies in a research note on Wednesday, October 8th. Zacks Research cut Lesaka Technologies from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 28th. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat, Lesaka Technologies presently has an average rating of “Sell”.

Lesaka Technologies Company Profile

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.