Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Trading Up 1.3% – Here’s What Happened

Joint Stock Company Kaspi.kz (NASDAQ:KSPI)’s share price was up 1.3% on Friday . The stock traded as high as $86.32 and last traded at $85.93. Approximately 223,155 shares changed hands during mid-day trading, a decline of 25% from the average daily volume of 298,750 shares. The stock had previously closed at $84.79.

Wall Street Analyst Weigh In

Separately, Susquehanna dropped their price target on shares of Joint Stock Company Kaspi.kz from $140.00 to $130.00 and set a “positive” rating on the stock in a research note on Tuesday, May 13th.

Joint Stock Company Kaspi.kz Price Performance

The company’s 50-day simple moving average is $85.24 and its 200 day simple moving average is $94.70. The company has a market capitalization of $17.14 billion, a P/E ratio of 8.25 and a beta of 1.04. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.04.

Hedge Funds Weigh In On Joint Stock Company Kaspi.kz

Hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP bought a new stake in Joint Stock Company Kaspi.kz during the first quarter worth approximately $110,000. Abacus FCF Advisors LLC acquired a new stake in shares of Joint Stock Company Kaspi.kz in the fourth quarter worth $684,000. Flossbach Von Storch SE boosted its holdings in shares of Joint Stock Company Kaspi.kz by 20.0% during the 4th quarter. Flossbach Von Storch SE now owns 15,000 shares of the company’s stock worth $1,421,000 after buying an additional 2,500 shares during the period. Driehaus Capital Management LLC grew its stake in Joint Stock Company Kaspi.kz by 24.8% in the 1st quarter. Driehaus Capital Management LLC now owns 40,075 shares of the company’s stock valued at $3,721,000 after buying an additional 7,951 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in Joint Stock Company Kaspi.kz by 1,095.0% in the 4th quarter. Marshall Wace LLP now owns 125,241 shares of the company’s stock valued at $11,862,000 after buying an additional 114,761 shares during the last quarter. 32.20% of the stock is owned by institutional investors and hedge funds.

About Joint Stock Company Kaspi.kz

Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in the Republic of Kazakhstan. It operates through three segments: Payments Platform, Marketplace Platform, and Fintech Platform. The Payments Platform segment facilities transactions between customers and merchants.