B. Riley Forecasts Weaker Earnings for Lesaka Technologies

Lesaka Technologies, Inc. (NASDAQ:LSAK) – Equities research analysts at B. Riley reduced their Q1 2025 earnings per share (EPS) estimates for Lesaka Technologies in a report issued on Monday, November 4th. B. Riley analyst R. Sharma now forecasts that the company will post earnings of ($0.09) per share for the quarter, down from their prior forecast of ($0.05). The consensus estimate for Lesaka Technologies’ current full-year earnings is ($0.11) per share. B. Riley also issued estimates for Lesaka Technologies’ Q2 2025 earnings at ($0.06) EPS, Q3 2025 earnings at ($0.02) EPS, Q4 2025 earnings at ($0.02) EPS and FY2025 earnings at ($0.19) EPS.

Lesaka Technologies Stock Performance

LSAK opened at $5.55 on Wednesday. Lesaka Technologies has a twelve month low of $3.00 and a twelve month high of $5.60. The company has a 50-day moving average price of $4.94 and a 200 day moving average price of $4.79. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.44 and a current ratio of 1.59.

Lesaka Technologies (NASDAQ:LSAK) last issued its quarterly earnings results on Wednesday, September 11th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.02). The company had revenue of $146.05 million during the quarter, compared to analysts’ expectations of $149.30 million. Lesaka Technologies had a negative return on equity of 9.90% and a negative net margin of 3.09%. During the same period in the previous year, the firm posted ($0.19) EPS.

Institutional Trading of Lesaka Technologies

A number of institutional investors have recently made changes to their positions in LSAK. Russell Investments Group Ltd. raised its stake 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 purchasing an additional 3,137 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Lesaka Technologies by 8.8% in the second quarter. Renaissance Technologies LLC now owns 182,100 shares of the company’s stock valued at $852,000 after buying an additional 14,700 shares during the last quarter. Rathbones Group PLC lifted its stake in shares of Lesaka Technologies by 100.0% in the second quarter. Rathbones Group PLC now owns 1,272,332 shares of the company’s stock worth $5,955,000 after buying an additional 636,166 shares in the last quarter. Finally, Hosking Partners LLP boosted its position in Lesaka Technologies by 58.8% during the second quarter. Hosking Partners LLP now owns 2,607,388 shares of the company’s stock worth $12,203,000 after acquiring an additional 965,576 shares during the last quarter. 24.19% of the stock is owned by institutional investors and hedge funds.

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.