Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Get Free Report) had its price target raised by stock analysts at Wolfe Research from $110.00 to $115.00 in a report released on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Wolfe Research's price objective indicates a potential upside of 7.63% from the company's current price.
Other equities research analysts have also issued research reports about the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Joint Stock Company Kaspi.kz in a report on Friday, August 7th. Zacks Research downgraded Joint Stock Company Kaspi.kz from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 30th. Finally, Susquehanna increased their target price on shares of Joint Stock Company Kaspi.kz from $95.00 to $100.00 and gave the company a "neutral" rating in a research report on Wednesday, August 12th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Joint Stock Company Kaspi.kz currently has a consensus rating of "Hold" and a consensus price target of $107.33.
Read Our Latest Analysis on KSPI
Joint Stock Company Kaspi.kz Stock Performance
Joint Stock Company Kaspi.kz stock traded up $0.39 during midday trading on Tuesday, hitting $106.84. 305,858 shares of the company's stock were exchanged, compared to its average volume of 503,113. The firm has a 50-day moving average of $90.48 and a two-hundred day moving average of $83.51. Joint Stock Company Kaspi.kz has a 12 month low of $68.59 and a 12 month high of $107.99. The company has a market cap of $20.30 billion, a PE ratio of 9.73 and a beta of 0.97.
Institutional Trading of Joint Stock Company Kaspi.kz
Institutional investors and hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. increased its stake in shares of Joint Stock Company Kaspi.kz by 1,518.9% during the third quarter. Ameriprise Financial Inc. now owns 869,201 shares of the company's stock valued at $70,996,000 after acquiring an additional 815,509 shares during the period. Capricorn Fund Managers Ltd grew its holdings in shares of Joint Stock Company Kaspi.kz by 599.4% during the 1st quarter. Capricorn Fund Managers Ltd now owns 118,900 shares of the company's stock valued at $8,807,000 after acquiring an additional 101,900 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Joint Stock Company Kaspi.kz in the second quarter worth approximately $7,375,000. Russell Investments Group Ltd. raised its holdings in Joint Stock Company Kaspi.kz by 21.4% during the fourth quarter. Russell Investments Group Ltd. now owns 186,320 shares of the company's stock valued at $14,557,000 after buying an additional 32,820 shares in the last quarter. Finally, Euro Pacific Asset Management LLC acquired a new stake in shares of Joint Stock Company Kaspi.kz in the first quarter worth $2,365,000. 32.20% of the stock is currently owned by institutional investors and hedge funds.
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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