Lesaka Technologies, Inc. $LSAK Shares Purchased by Rathbones Group PLC

Rathbones Group PLC raised its stake in shares of Lesaka Technologies, Inc. (NASDAQ:LSAK) by 6.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,644,420 shares of the company’s stock after purchasing an additional 225,000 shares during the quarter. Rathbones Group PLC’s holdings in Lesaka Technologies were worth $17,384,000 at the end of the most recent quarter.

Separately, Citadel Advisors LLC increased its position in Lesaka Technologies by 26.4% during the third quarter. Citadel Advisors LLC now owns 18,977 shares of the company’s stock worth $79,000 after purchasing an additional 3,959 shares during the last quarter. Hedge funds and other institutional investors own 24.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lesaka Technologies in a research report on Thursday, January 22nd. Wall Street Zen raised shares of Lesaka Technologies to a “hold” rating in a research report on Saturday, February 14th. Finally, Zacks Research raised shares of Lesaka Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

Lesaka Technologies Price Performance

Shares of NASDAQ LSAK opened at $4.92 on Tuesday. Lesaka Technologies, Inc. has a 1-year low of $3.39 and a 1-year high of $5.54. The business has a 50-day moving average of $4.73 and a 200-day moving average of $4.42. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.57 and a quick ratio of 1.43. The company has a market capitalization of $412.89 million, a price-to-earnings ratio of -7.81 and a beta of 0.39.

Lesaka Technologies (NASDAQ:LSAK) last issued its earnings results on Thursday, February 5th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.04. Lesaka Technologies had a negative return on equity of 28.23% and a negative net margin of 7.87%.The company had revenue of $93.40 million during the quarter, compared to the consensus estimate of $166.00 million. On average, equities analysts anticipate that Lesaka Technologies, Inc. will post -0.16 EPS for the current fiscal year.

Insider Buying and Selling at Lesaka Technologies

In other news, major shareholder Finance Corp International sold 9,928 shares of the company’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $4.99, for a total value of $49,540.72. Following the completion of the sale, the insider owned 5,659,218 shares of the company’s stock, valued at $28,239,497.82. This represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 384,409 shares of company stock valued at $1,912,214 over the last ninety days. 3.40% of the stock is owned by corporate insiders.

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. The company also engages in the sale of POS devices, SIM cards, and other consumables; and license of rights to use certain technology developed by the company, as well as offers related technology services.