Jefferies Financial Group Upgrades Lesaka Technologies (NASDAQ:LSAK) to “Strong-Buy”

Lesaka Technologies (NASDAQ:LSAK) was upgraded by stock analysts at Jefferies Financial Group to a “strong-buy” rating in a report released on Monday, Zacks reports.

LSAK has been the topic of a number of other research reports. Wall Street Zen lowered shares of Lesaka Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Weiss Ratings lowered Lesaka Technologies from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $7.56.

Lesaka Technologies Trading Up 2.4%

Shares of LSAK opened at $4.26 on Monday. The company has a current ratio of 1.59, a quick ratio of 1.47 and a debt-to-equity ratio of 0.95. The firm’s 50-day moving average is $4.64 and its two-hundred day moving average is $4.79. Lesaka Technologies has a twelve month low of $3.62 and a twelve month high of $5.54. The firm has a market capitalization of $365.59 million, a P/E ratio of 106.53 and a beta of 0.33.

Lesaka Technologies (NASDAQ:LSAK) last announced its quarterly earnings results on Saturday, August 15th. The company reported $0.15 EPS for the quarter. The business had revenue of $98.50 million for the quarter. Lesaka Technologies had a return on equity of 1.65% and a net margin of 0.43%. On average, research analysts predict that Lesaka Technologies will post 0.25 earnings per share for the current fiscal year.

Institutional Trading of Lesaka Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Potomac Capital Management Inc. bought a new position in Lesaka Technologies during the 4th quarter valued at $4,766,000. Rathbones Group PLC lifted its position in shares of Lesaka Technologies by 6.6% in the 4th quarter. Rathbones Group PLC now owns 3,644,420 shares of the company’s stock worth $17,384,000 after buying an additional 225,000 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Lesaka Technologies by 16.6% in the 1st quarter. Renaissance Technologies LLC now owns 185,900 shares of the company’s stock valued at $946,000 after buying an additional 26,500 shares during the period. 9823 Capital L.P. bought a new stake in shares of Lesaka Technologies during the 4th quarter valued at about $94,000. Finally, AXQ Capital LP bought a new stake in shares of Lesaka Technologies during the 2nd quarter valued at about $60,000. 24.19% of the stock is owned by hedge funds and other institutional investors.

About Lesaka Technologies

Lesaka Technologies, Inc is a financial technology company that provides digital payments and financial services in Southern Africa. Formerly known as Net 1 UEPS Technologies, the company adopted the Lesaka name in 2022 as part of a broader focus on payments, banking, and related technology services.

Lesaka serves consumers, merchants, and businesses through services that include digital wallets, card and cash payments, money transfers, prepaid products, bill payment, banking services, and lending.