Susquehanna Lowers Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Price Target to $130.00

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) had its price target reduced by analysts at Susquehanna from $140.00 to $130.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “positive” rating on the stock. Susquehanna’s price target would suggest a potential upside of 58.44% from the stock’s previous close.

Joint Stock Company Kaspi.kz Trading Up 1.6%

Shares of NASDAQ:KSPI opened at $82.05 on Tuesday. The stock has a market capitalization of $16.37 billion, a price-to-earnings ratio of 7.92 and a beta of 1.48. Joint Stock Company Kaspi.kz has a 1-year low of $77.80 and a 1-year high of $143.72. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.96 and a current ratio of 0.96. The company has a 50 day moving average price of $89.73 and a 200 day moving average price of $98.17.

Hedge Funds Weigh In On Joint Stock Company Kaspi.kz

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in Joint Stock Company Kaspi.kz by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 167,451 shares of the company’s stock worth $15,859,000 after purchasing an additional 1,440 shares during the period. Flossbach Von Storch SE boosted its stake in Joint Stock Company Kaspi.kz by 20.0% in the 4th quarter. Flossbach Von Storch SE now owns 15,000 shares of the company’s stock worth $1,421,000 after purchasing an additional 2,500 shares during the period. Marshall Wace LLP boosted 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 worth $11,862,000 after purchasing an additional 114,761 shares during the period. Abacus FCF Advisors LLC acquired a new position in Joint Stock Company Kaspi.kz in the 4th quarter worth approximately $684,000. Finally, Quantbot Technologies LP acquired a new position in Joint Stock Company Kaspi.kz in the 1st quarter worth approximately $110,000. Institutional investors and hedge funds own 32.20% of the company’s stock.

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.