Lesaka Technologies (NASDAQ:LSAK) Issues Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Lesaka Technologies (NASDAQ:LSAK) posted its quarterly earnings results on Wednesday. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01), reports. The firm had revenue of $145.55 million during the quarter, compared to analyst estimates of $144.17 million. Lesaka Technologies had a negative return on equity of 9.90% and a negative net margin of 3.09%. Lesaka Technologies updated its FY 2025 guidance to EPS and its Q2 2025 guidance to EPS.

Lesaka Technologies Stock Down 3.2 %

NASDAQ:LSAK opened at $5.37 on Friday. The company has a market capitalization of $339.60 million, a price-to-earnings ratio of -21.48 and a beta of 0.93. Lesaka Technologies has a one year low of $3.00 and a one year high of $5.60. The stock has a 50-day simple moving average of $4.96 and a 200 day simple moving average of $4.79. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.44 and a current ratio of 1.59.

Hedge Funds Weigh In On Lesaka Technologies

A number of hedge funds have recently bought and sold shares of the company. Rathbones Group PLC grew its position in Lesaka Technologies by 100.0% in the second quarter. Rathbones Group PLC now owns 1,272,332 shares of the company’s stock worth $5,955,000 after buying an additional 636,166 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of 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 buying an additional 3,137 shares during the period. Renaissance Technologies LLC boosted its stake in shares of 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 buying an additional 14,700 shares during the period. Finally, Hosking Partners LLP lifted its position in Lesaka Technologies by 58.8% during 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. 24.19% of the stock is currently owned by institutional investors and hedge funds.

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.