Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) Receives $118.25 Consensus Target Price from Brokerages

Shares of Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) have received an average recommendation of “Hold” from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $111.00.

Several research analysts have recently commented on the company. Zacks Research upgraded Joint Stock Company Kaspi.kz from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 30th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $96.00 price objective on shares of Joint Stock Company Kaspi.kz in a research note on Wednesday, August 20th. The Goldman Sachs Group upgraded Joint Stock Company Kaspi.kz from a “neutral” rating to a “buy” rating and set a $107.00 target price for the company in a research report on Wednesday, October 8th. Finally, Weiss Ratings upgraded shares of Joint Stock Company Kaspi.kz from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Saturday, October 25th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of KSPI. Quantbot Technologies LP acquired a new position in shares of Joint Stock Company Kaspi.kz during the first quarter worth $110,000. Flossbach Von Storch SE lifted its stake in shares of Joint Stock Company Kaspi.kz by 66.7% in the 1st quarter. Flossbach Von Storch SE now owns 25,000 shares of the company’s stock valued at $2,321,000 after purchasing an additional 10,000 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Joint Stock Company Kaspi.kz by 70.1% during the 2nd quarter. SG Americas Securities LLC now owns 28,637 shares of the company’s stock worth $2,431,000 after buying an additional 11,805 shares in the last quarter. Driehaus Capital Management LLC boosted its stake in Joint Stock Company Kaspi.kz by 24.8% during the first quarter. Driehaus Capital Management LLC now owns 40,075 shares of the company’s stock worth $3,721,000 after acquiring an additional 7,951 shares in the last quarter. Finally, Renaissance Capital LLC boosted its position in shares of Joint Stock Company Kaspi.kz by 6.7% during the 2nd quarter. Renaissance Capital LLC now owns 65,635 shares of the company’s stock worth $5,572,000 after purchasing an additional 4,111 shares in the last quarter. Institutional investors and hedge funds own 32.20% of the company’s stock.

Joint Stock Company Kaspi.kz Trading Down 2.5%

Joint Stock Company Kaspi.kz stock opened at $71.78 on Friday. The stock has a 50-day simple moving average of $80.68 and a 200 day simple moving average of $84.34. The stock has a market capitalization of $14.32 billion, a P/E ratio of 6.59 and a beta of 0.93. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.01 and a current ratio of 1.01. Joint Stock Company Kaspi.kz has a 52 week low of $71.58 and a 52 week high of $115.78.

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.