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 stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $4.75, for a total value of $47,500.00. Following the sale, the director now directly owns 655,868 shares in the company, valued at $3,115,373. The sale was disclosed in a document filed with the SEC, 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 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 Stock Performance

Shares of NASDAQ LSAK traded down $0.11 during midday trading on Friday, reaching $4.68. 75,065 shares of the stock were exchanged, compared to its average volume of 26,800. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.60 and a quick ratio of 1.41. The firm has a 50-day simple moving average of $4.65 and a two-hundred day simple moving average of $3.97. Lesaka Technologies, Inc. has a twelve month low of $3.00 and a twelve month high of $5.33.

Lesaka Technologies (NASDAQ:LSAK) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The firm had revenue of $138.19 million for 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, sell-side analysts predict that Lesaka Technologies, Inc. will post -0.25 earnings per share for the current year.

Hedge Funds Weigh In On Lesaka Technologies

Several institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. grew its holdings in Lesaka Technologies by 3.7% in the first 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 period. Potomac Capital Management Inc. lifted its position in shares of Lesaka Technologies by 0.8% during the 3rd quarter. Potomac Capital Management Inc. now owns 1,525,999 shares of the company’s stock valued at $5,951,000 after buying an additional 12,076 shares in the last quarter. Finally, Hosking Partners LLP grew its stake in 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 during the period. Hedge funds and other institutional investors own 24.19% of the company’s stock.

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.