Lesaka Technologies (NASDAQ:LSAK) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Lesaka Technologies (NASDAQ:LSAK) from a buy rating to a strong-buy rating in a report published on Saturday morning,Wall Street Zen reports.

A number of other equities research analysts have also weighed in on LSAK. Jefferies Financial Group reiterated a “buy” rating and issued a $7.56 price objective on shares of Lesaka Technologies in a research report on Monday, September 14th. Weiss Ratings raised Lesaka Technologies from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $7.56.

Lesaka Technologies Trading Down 0.9%

Shares of LSAK opened at $4.20 on Friday. The stock has a market capitalization of $360.44 million, a P/E ratio of 105.03 and a beta of 0.33. The company has a quick ratio of 1.47, a current ratio of 1.59 and a debt-to-equity ratio of 0.95. The firm has a fifty day simple moving average of $4.60 and a two-hundred day simple moving average of $4.78. Lesaka Technologies has a twelve month low of $3.62 and a twelve month high of $5.54.

Lesaka Technologies (NASDAQ:LSAK) last released its quarterly earnings data on Saturday, August 15th. The company reported $0.15 earnings per share (EPS) for the quarter. The firm had revenue of $98.50 million for the quarter. Lesaka Technologies had a net margin of 0.43% and a return on equity of 1.65%. On average, research analysts anticipate that Lesaka Technologies will post 0.21 EPS for the current year.

Institutional Trading of Lesaka Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. AXQ Capital LP purchased a new position in shares of Lesaka Technologies during the 2nd quarter worth approximately $60,000. 9823 Capital L.P. purchased a new position in shares of Lesaka Technologies in the 4th quarter valued at approximately $94,000. Renaissance Technologies LLC lifted its stake in shares of Lesaka Technologies by 16.6% in the 1st quarter. Renaissance Technologies LLC now owns 185,900 shares of the company’s stock valued at $946,000 after purchasing an additional 26,500 shares during the period. Finally, Potomac Capital Management Inc. bought a new stake in shares of Lesaka Technologies during the fourth quarter valued at approximately $4,766,000. 24.19% of the stock is currently owned by hedge funds and other institutional investors.

Lesaka Technologies Company Profile

Lesaka Technologies, Inc is a financial technology company that provides digital payments and financial services in Southern Africa. Formerly known as Net 1 UEPS Technologies, the company adopted the Lesaka name in 2022 as part of a broader focus on payments, banking, and related technology services.

Lesaka serves consumers, merchants, and businesses through services that include digital wallets, card and cash payments, money transfers, prepaid products, bill payment, banking services, and lending.