Driehaus Capital Management LLC Increases Stock Holdings in Joint Stock Company Kaspi.kz Sponsored ADR $KSPI

Key Points

• Driehaus Capital Management LLC increased its holdings in Joint Stock Company Kaspi.kz by 24.8%, acquiring an additional 7,951 shares, bringing its total to 40,075 shares valued at approximately $3.72 million.
• Analysts maintain a "Moderate Buy" consensus for KSPI with an average target price of $122.00, despite some firms adjusting their price objectives.
• The stock has experienced fluctuations, with a market cap of $18.75 billion, a 52-week low of $75.90, and a high of $131.62.

Driehaus Capital Management LLC increased its stake in Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI - Free Report) by 24.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 40,075 shares of the company's stock after purchasing an additional 7,951 shares during the quarter. Driehaus Capital Management LLC's holdings in Joint Stock Company Kaspi.kz were worth $3,721,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of KSPI. Quantbot Technologies LP bought a new position in Joint Stock Company Kaspi.kz in the first quarter valued at about $110,000. Flossbach Von Storch SE raised its position in shares of Joint Stock Company Kaspi.kz by 66.7% during the first quarter. Flossbach Von Storch SE now owns 25,000 shares of the company's stock worth $2,321,000 after purchasing an additional 10,000 shares during the period. Nikko Asset Management Americas Inc. raised its position in shares of Joint Stock Company Kaspi.kz by 8.5% during the first quarter. Nikko Asset Management Americas Inc. now owns 313,545 shares of the company's stock worth $29,113,000 after purchasing an additional 24,616 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Joint Stock Company Kaspi.kz by 8.5% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 313,992 shares of the company's stock worth $29,154,000 after purchasing an additional 24,616 shares during the period. Finally, Baillie Gifford & Co. raised its position in shares of Joint Stock Company Kaspi.kz by 17.1% during the first quarter. Baillie Gifford & Co. now owns 5,260,033 shares of the company's stock worth $488,394,000 after purchasing an additional 768,529 shares during the period. 32.20% of the stock is currently owned by institutional investors.

Joint Stock Company Kaspi.kz Price Performance

NASDAQ KSPI traded down $2.11 during trading on Friday, reaching $88.99. The company's stock had a trading volume of 174,728 shares, compared to its average volume of 308,582. The firm has a fifty day moving average of $88.28 and a 200 day moving average of $89.17. Joint Stock Company Kaspi.kz Sponsored ADR has a one year low of $75.90 and a one year high of $128.54. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $17.75 billion, a PE ratio of 8.15 and a beta of 1.09.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on KSPI. Susquehanna reduced their target price on Joint Stock Company Kaspi.kz from $140.00 to $130.00 and set a "positive" rating for the company in a research note on Tuesday, May 13th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $96.00 target price on shares of Joint Stock Company Kaspi.kz in a research report on Wednesday, August 20th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $122.00.

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.