Lesaka Technologies, Inc. (NASDAQ:LSAK) Director Christopher G.B. Meyer Sells 10,000 Shares

Lesaka Technologies, Inc. (NASDAQ:LSAK) Director Christopher G.B. Meyer sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $4.75, for a total value of $47,500.00. Following the completion of the sale, the director now owns 655,868 shares of the company’s stock, valued at $3,115,373. 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 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 transaction of $330,947.77.

Lesaka Technologies Stock Performance

Shares of LSAK traded down $0.11 during mid-day trading on Friday, hitting $4.68. The company’s stock had a trading volume of 75,065 shares, compared to its average volume of 26,800. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.41 and a current ratio of 1.60. The firm has a 50-day moving average price of $4.65 and a 200 day moving average price of $3.97. Lesaka Technologies, Inc. has a fifty-two week low of $3.00 and a fifty-two week high of $5.33.

Lesaka Technologies (NASDAQ:LSAK) last posted its quarterly 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). Lesaka Technologies had a negative return on equity of 13.73% and a negative net margin of 4.41%. The business had revenue of $138.19 million during the quarter, compared to analyst estimates of $145.53 million. As a group, sell-side analysts anticipate that Lesaka Technologies, Inc. will post -0.25 EPS for the current year.

Hedge Funds Weigh In On Lesaka Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. raised its holdings in Lesaka Technologies by 3.7% during the 1st quarter. Russell Investments Group Ltd. now owns 87,046 shares of the company’s stock worth $326,000 after buying an additional 3,137 shares during the period. Potomac Capital Management Inc. raised its holdings in shares of Lesaka Technologies by 0.8% during the third quarter. Potomac Capital Management Inc. now owns 1,525,999 shares of the company’s stock valued at $5,951,000 after acquiring an additional 12,076 shares during the period. Finally, Hosking Partners LLP lifted its position 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 valued at $6,157,000 after acquiring an additional 59,594 shares in the last quarter. Institutional investors and hedge funds own 24.19% of the company’s stock.

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.