Lesaka Technologies (NASDAQ:LSAK) CFO Acquires 11,503 Shares

by · The Cerbat Gem

Lesaka Technologies, Inc. (NASDAQ:LSAK – Get Free Report) CFO Daniel Luke Smith bought 11,503 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were acquired at an average price of $4.40 per share, for a total transaction of $50,613.20. Following the completion of the transaction, the chief financial officer directly owned 23,500 shares in the company, valued at approximately $103,400. This represents a 95.88% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Daniel Luke Smith also recently made the following trade(s):

  • On Tuesday, December 9th, Daniel Luke Smith bought 5,761 shares of Lesaka Technologies stock. The shares were acquired at an average price of $4.21 per share, for a total transaction of $24,253.81.
  • On Monday, December 8th, Daniel Luke Smith acquired 2,500 shares of Lesaka Technologies stock. The stock was purchased at an average cost of $4.16 per share, for a total transaction of $10,400.00.
  • On Friday, December 5th, Daniel Luke Smith acquired 3,736 shares of Lesaka Technologies stock. The stock was bought at an average cost of $4.14 per share, with a total value of $15,467.04.
  • On Friday, December 5th, Daniel Luke Smith purchased 7,000 shares of Lesaka Technologies stock. The shares were purchased at an average cost of $4.21 per share, with a total value of $29,470.00.

Lesaka Technologies Stock Performance

NASDAQ:LSAK traded down $0.03 during mid-day trading on Thursday, hitting $4.39. The company’s stock had a trading volume of 22,501 shares, compared to its average volume of 31,051. The business’s fifty day moving average is $4.07 and its two-hundred day moving average is $4.31. Lesaka Technologies, Inc. has a 1 year low of $3.39 and a 1 year high of $5.58. The stock has a market cap of $369.14 million, a price-to-earnings ratio of -4.10 and a beta of 0.59. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.61 and a quick ratio of 1.48.

Lesaka Technologies (NASDAQ:LSAK – Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.09). Lesaka Technologies had a negative return on equity of 47.06% and a negative net margin of 14.02%.The company had revenue of $171.45 million for the quarter, compared to analyst estimates of $158.00 million. Lesaka Technologies has set its FY 2026 guidance at 0.260-0.260 EPS. Analysts anticipate that Lesaka Technologies, Inc. will post -0.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on LSAK shares. Zacks Research cut shares of Lesaka Technologies from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Lesaka Technologies in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Read Our Latest Analysis on Lesaka Technologies

Institutional Investors Weigh In On Lesaka Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rathbones Group PLC raised its position in shares of Lesaka Technologies by 90.2% during the 2nd quarter. Rathbones Group PLC now owns 3,419,420 shares of the company’s stock valued at $15,353,000 after acquiring an additional 1,622,088 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC acquired a new position in shares of Lesaka Technologies in the 2nd quarter valued at $595,000. Susquehanna International Group LLP purchased a new position in Lesaka Technologies during the third quarter valued at approximately $74,000. Finally, Citadel Advisors LLC raised its holdings in shares of Lesaka Technologies by 26.4% during the 3rd quarter. Citadel Advisors LLC now owns 18,977 shares of the company’s stock valued at $79,000 after purchasing an additional 3,959 shares in the last quarter. Hedge funds and other institutional investors own 24.19% of the company’s stock.

About Lesaka Technologies

(Get Free Report)

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.

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