Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Raised to Strong-Buy at Zacks Research

Joint Stock Company Kaspi.kz (NASDAQ:KSPIGet Free Report) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

Separately, Weiss Ratings upgraded shares of Joint Stock Company Kaspi.kz from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $96.67.

Read Our Latest Analysis on Joint Stock Company Kaspi.kz

Joint Stock Company Kaspi.kz Trading Up 1.7%

Shares of Joint Stock Company Kaspi.kz stock opened at $89.82 on Wednesday. The company has a market cap of $17.07 billion, a PE ratio of 8.29 and a beta of 0.99. The company has a 50 day moving average of $86.49 and a 200-day moving average of $80.06. Joint Stock Company Kaspi.kz has a 1-year low of $68.59 and a 1-year high of $99.20.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its stake in shares of Joint Stock Company Kaspi.kz by 2,683.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 501 shares of the company’s stock valued at $37,000 after purchasing an additional 483 shares in the last quarter. Advisory Services Network LLC increased its position in Joint Stock Company Kaspi.kz by 15.3% during the 4th quarter. Advisory Services Network LLC now owns 3,787 shares of the company’s stock worth $296,000 after purchasing an additional 502 shares in the last quarter. SG Americas Securities LLC bought a new position in Joint Stock Company Kaspi.kz in the 4th quarter valued at approximately $306,000. North of South Capital LLP bought a new position in Joint Stock Company Kaspi.kz in the 4th quarter valued at approximately $1,425,000. Finally, Public Employees Retirement System of Ohio boosted its position in Joint Stock Company Kaspi.kz by 16.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 167,125 shares of the company’s stock valued at $13,057,000 after buying an additional 23,500 shares in the last quarter. Institutional investors own 32.20% of the company’s stock.

Joint Stock Company Kaspi.kz Company Profile

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Joint Stock Company Kaspi.kz is a leading financial technology and e-commerce group headquartered in Almaty, Kazakhstan. The company has built one of the country’s largest digital ecosystems, offering a suite of integrated services that span consumer banking, payments, online marketplaces and merchant acquiring. Through its mobile and web platforms, Kaspi.kz aims to simplify everyday financial and shopping activities for individuals and businesses across Kazakhstan.

The company’s core offerings include digital banking solutions such as deposit accounts, digital wallets and money transfers, alongside consumer lending products that enable point-of-sale financing and “buy now, pay later” purchases.

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Analyst Recommendations for Joint Stock Company Kaspi.kz (NASDAQ:KSPI)

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