Lesaka Technologies, Inc. (NASDAQ:LSAK) Director Sells $68,973.84 in Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) Director Christopher G.B. Meyer sold 14,738 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $4.68, for a total transaction of $68,973.84. Following the completion of the sale, the director now directly owns 641,130 shares in the company, valued at $3,000,488.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, June 26th, Christopher G.B. Meyer sold 10,000 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.75, for a total transaction of $47,500.00.
• On Monday, June 24th, Christopher G.B. Meyer sold 10,000 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.89, for a total value of $48,900.00.
• On Friday, June 21st, Christopher G.B. Meyer sold 71,479 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.63, for a total value of $330,947.77.

Lesaka Technologies Price Performance

Lesaka Technologies stock opened at $4.76 on Friday. The stock’s 50-day moving average is $4.70 and its 200-day moving average is $4.02. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.41 and a current ratio of 1.60. Lesaka Technologies, Inc. has a 12 month low of $3.00 and a 12 month high of $5.33.

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

Hedge Funds Weigh In On Lesaka Technologies

A hedge fund recently raised its stake in Lesaka Technologies stock. Hosking Partners LLP raised its stake in Lesaka Technologies, Inc. (NASDAQ:LSAK) by 3.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,641,812 shares of the company’s stock after purchasing an additional 59,594 shares during the quarter. Hosking Partners LLP owned about 2.63% of Lesaka Technologies worth $6,157,000 at the end of the most recent quarter. 24.19% of the stock is currently owned by institutional investors.

About Lesaka Technologies

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.