Lesaka Technologies, Inc. (NASDAQ:LSAK) Director Christopher G.B. Meyer Sells 71,479 Shares

Lesaka Technologies, Inc. (NASDAQ:LSAKGet Free Report) Director Christopher G.B. Meyer sold 71,479 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $4.63, for a total transaction of $330,947.77. Following the completion of the sale, the director now directly owns 675,868 shares of the company’s stock, valued at $3,129,268.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Christopher G.B. Meyer also recently made the following trade(s):

  • On Monday, June 24th, Christopher G.B. Meyer sold 10,000 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.89, for a total transaction of $48,900.00.

Lesaka Technologies Stock Down 3.9 %

Shares of LSAK stock traded down $0.19 during trading hours on Tuesday, reaching $4.64. 47,695 shares of the company’s stock were exchanged, compared to its average volume of 25,874. The stock’s fifty day moving average price is $4.60 and its two-hundred day moving average price is $3.95. The stock has a market cap of $295.10 million, a PE ratio of -11.89 and a beta of 0.98. Lesaka Technologies, Inc. has a 1 year low of $3.00 and a 1 year high of $5.33. The company has a current ratio of 1.60, a quick ratio of 1.41 and a debt-to-equity ratio of 0.76.

Lesaka Technologies (NASDAQ:LSAKGet Free Report) last posted its earnings results on Wednesday, May 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The firm had revenue of $138.19 million during the quarter, compared to analyst estimates of $145.53 million. Lesaka Technologies had a negative net margin of 4.41% and a negative return on equity of 13.73%. Research analysts predict that Lesaka Technologies, Inc. will post -0.25 EPS for the current year.

Institutional Investors Weigh In On Lesaka Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LSAK. Russell Investments Group Ltd. grew its position in Lesaka Technologies by 3.7% in 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 last quarter. Potomac Capital Management Inc. grew its holdings in Lesaka Technologies by 0.8% in the 3rd quarter. Potomac Capital Management Inc. now owns 1,525,999 shares of the company’s stock valued at $5,951,000 after buying an additional 12,076 shares during the period. Finally, Hosking Partners LLP raised its holdings in shares of Lesaka Technologies by 3.8% in the 1st quarter. Hosking Partners LLP now owns 1,641,812 shares of the company’s stock worth $6,157,000 after purchasing an additional 59,594 shares during the period. Hedge funds and other institutional investors own 24.19% of the company’s stock.

Lesaka Technologies Company Profile

(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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