Lesaka Technologies (NASDAQ:LSAK) Issues Earnings Results

Lesaka Technologies (NASDAQ:LSAK) posted its earnings results on Wednesday. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.01), reports. The business had revenue of $145.55 million during the quarter, compared to analyst estimates of $144.17 million. Lesaka Technologies had a negative net margin of 2.85% and a negative return on equity of 9.25%. 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 mid-day trading on Friday, reaching $5.33. The company had a trading volume of 4,881 shares, compared to its average volume of 33,237. The stock has a fifty day moving average of $4.98 and a two-hundred day moving average of $4.81. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.44 and a current ratio of 1.59. The company has a market capitalization of $337.07 million, a price-to-earnings ratio of -21.32 and a beta of 0.93. Lesaka Technologies has a 12-month low of $3.00 and a 12-month high of $5.60.

Hedge Funds Weigh In On Lesaka Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hosking Partners LLP lifted its holdings in shares of Lesaka Technologies by 58.8% during the second quarter. Hosking Partners LLP now owns 2,607,388 shares of the company’s stock valued at $12,203,000 after acquiring an additional 965,576 shares during the period. Rathbones Group PLC increased 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 worth $5,955,000 after acquiring an additional 636,166 shares during the last quarter. Renaissance Technologies LLC grew its holdings in 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. lifted its position 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 acquiring an additional 3,137 shares during the period. Institutional investors and hedge funds 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.