Lesaka Technologies (NASDAQ:LSAK) Shares Up 3.4% – Should You Buy?

Lesaka Technologies, Inc. (NASDAQ:LSAK)’s stock price rose 3.4% during mid-day trading on Wednesday . The stock traded as high as $5.45 and last traded at $5.43. Approximately 27,043 shares were traded during trading, an increase of 1% from the average daily volume of 26,726 shares. The stock had previously closed at $5.25.

Lesaka Technologies Price Performance

The company has a market cap of $423.64 million, a PE ratio of -21.72 and a beta of 0.93. The stock has a fifty day moving average price of $5.15 and a 200-day moving average price of $4.88. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.73 and a quick ratio of 1.53.

Lesaka Technologies (NASDAQ:LSAK) last announced its quarterly earnings data on Wednesday, September 11th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.02). Lesaka Technologies had a negative return on equity of 9.15% and a negative net margin of 2.85%. The business had revenue of $146.05 million during the quarter, compared to analysts’ expectations of $149.30 million. During the same period in the prior year, the company posted ($0.19) earnings per share. On average, equities analysts expect that Lesaka Technologies, Inc. will post -0.08 earnings per share for the current year.

Institutional Investors Weigh In On Lesaka Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hosking Partners LLP increased its stake in shares of Lesaka Technologies by 58.8% in the second 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. Rathbones Group PLC lifted its holdings in shares of Lesaka Technologies by 100.0% during the 2nd 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. Renaissance Technologies LLC grew its stake in shares of Lesaka Technologies by 8.8% in the 2nd quarter. Renaissance Technologies LLC now owns 182,100 shares of the company’s stock valued at $852,000 after buying an additional 14,700 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Lesaka Technologies by 3.7% in the first quarter. Russell Investments Group Ltd. now owns 87,046 shares of the company’s stock worth $326,000 after buying an additional 3,137 shares during the last quarter. Hedge funds and other institutional investors own 24.19% of the company’s stock.

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.