5 High Growth Micro-Cap Stocks to Buy According to Hedge Funds

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1. Lesaka Technologies, Inc. (NASDAQ:LSAK)

Quarterly Revenue Growth YoY as of December 31, 2022: 337.32%

Number of Hedge Fund Holders: 5

Topping our list of the best high growth micro-cap stocks to buy now is Lesaka Technologies, Inc. (NASDAQ:LSAK). The company is an innovative fintech corporation that provides products and services to unbanked and underbanked individuals and small businesses in South Africa and across the globe. As of December 31, Hosking Partners is the largest investor in Lesaka Technologies, Inc. (NASDAQ:LSAK) and has disclosed a position worth $4.9 million in the company.

On February 7, Lesaka Technologies, Inc. (NASDAQ:LSAK) posted earnings for the fiscal second quarter of 2023, in which the company beat EPS estimates by $0.01. The company’s revenue for the quarter amounted to $136.07 million, up 337.32% year over year, and outperformed Wall Street consensus by $7.13 million. As of February 23, Lesaka Technologies, Inc. (NASDAQ:LSAK) has gained 5.47% year to date.

At the close of the fourth quarter of 2022, Lesaka Technologies, Inc. (NASDAQ:LSAK) was a part of 5 investors’ portfolios that held collective positions worth $14.5 million in the company. This is compared to 5 positions in the previous quarter with stakes worth $9.3 million.

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