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

Lesaka Technologies, Inc. (NASDAQ:LSAK) Director Christopher G.B. Meyer sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $4.75, for a total transaction of $47,500.00. Following the completion of the transaction, the director now directly owns 655,868 shares of the company’s stock, valued at approximately $3,115,373. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $4.89, for a total transaction of $48,900.00.
• On Friday, June 21st, Christopher G.B. Meyer sold 71,479 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.63, for a total transaction of $330,947.77.

Lesaka Technologies Stock Down 2.3 %

Shares of NASDAQ LSAK opened at $4.68 on Friday. The stock has a market cap of $297.65 million, a P/E ratio of -12.32 and a beta of 0.98. The business’s fifty day simple moving average is $4.66 and its 200-day simple moving average is $3.98. Lesaka Technologies, Inc. has a 12-month low of $3.00 and a 12-month 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:LSAK) last posted its quarterly 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 company 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%. As a group, equities analysts predict that Lesaka Technologies, Inc. will post -0.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in LSAK. Potomac Capital Management Inc. raised its holdings in shares of 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 purchasing an additional 12,076 shares in the last quarter. Hosking Partners LLP raised its stake in Lesaka Technologies by 3.8% in the first quarter. Hosking Partners LLP now owns 1,641,812 shares of the company’s stock valued at $6,157,000 after buying an additional 59,594 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted 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 last quarter. Hedge funds and other institutional investors 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.