Driehaus Capital Management LLC Has $3.72 Million Position 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 shares of Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI - Free Report) by 24.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,075 shares of the company's stock after acquiring an additional 7,951 shares during the period. Driehaus Capital Management LLC's holdings in Joint Stock Company Kaspi.kz were worth $3,721,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in KSPI. Quantbot Technologies LP bought a new position in Joint Stock Company Kaspi.kz during the 1st quarter worth about $110,000. Flossbach Von Storch SE boosted 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 buying an additional 10,000 shares during the period. Nikko Asset Management Americas Inc. grew its holdings 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 buying an additional 24,616 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in Joint Stock Company Kaspi.kz by 8.5% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 313,992 shares of the company's stock valued at $29,154,000 after buying an additional 24,616 shares during the last quarter. Finally, Baillie Gifford & Co. lifted its stake in Joint Stock Company Kaspi.kz by 17.1% in the 1st quarter. Baillie Gifford & Co. now owns 5,260,033 shares of the company's stock valued at $488,394,000 after acquiring an additional 768,529 shares in the last quarter. 32.20% of the stock is owned by institutional investors.

Joint Stock Company Kaspi.kz Stock Performance

Shares of KSPI stock traded up $1.22 on Thursday, reaching $91.39. The stock had a trading volume of 96,599 shares, compared to its average volume of 309,033. Joint Stock Company Kaspi.kz Sponsored ADR has a 12 month low of $75.90 and a 12 month high of $129.78. The firm has a market capitalization of $18.23 billion, a price-to-earnings ratio of 8.36 and a beta of 1.09. The firm's 50-day moving average is $88.14 and its two-hundred day moving average is $89.30. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.03.

Analyst Ratings Changes

Several equities analysts have recently weighed in on KSPI shares. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $96.00 price target on shares of Joint Stock Company Kaspi.kz in a research note on Wednesday, August 20th. Susquehanna decreased their target price on shares of Joint Stock Company Kaspi.kz from $140.00 to $130.00 and set a "positive" rating for the company in a research report on Tuesday, May 13th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock 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.