Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Hits New 52-Week Low - What's Next?

Key Points

• Joint Stock Company Kaspi.kz (NASDAQ:KSPI) shares reached a new 52-week low at $75.86 before closing at $76.05 on Thursday, with a trading volume of 641,823 shares.
• Analysts have recently updated their ratings, with Goldman Sachs upgrading the stock to a "buy" rating and setting a target price of $107.00, while Weiss Ratings maintained a "sell" rating.
• Approximately 32.20% of Joint Stock Company Kaspi.kz's stock is owned by institutional investors, reflecting significant interest in the company amidst fluctuating stock performance.

Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI - Get Free Report) shares reached a new 52-week low on Thursday . The stock traded as low as $75.86 and last traded at $76.05, with a volume of 641823 shares traded. The stock had previously closed at $77.24.

Analysts Set New Price Targets

KSPI has been the subject of several recent research reports. The Goldman Sachs Group upgraded shares of Joint Stock Company Kaspi.kz from a "neutral" rating to a "buy" rating and set a $107.00 target price for the company in a research note on Wednesday. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Joint Stock Company Kaspi.kz in a research note on Wednesday. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $96.00 price objective on shares of Joint Stock Company Kaspi.kz in a research note on Wednesday, August 20th. Finally, Zacks Research raised shares of Joint Stock Company Kaspi.kz from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 30th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Joint Stock Company Kaspi.kz has an average rating of "Hold" and a consensus price target of $118.25.

Joint Stock Company Kaspi.kz Trading Down 2.0%

The stock's fifty day moving average price is $87.75 and its two-hundred day moving average price is $86.25. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $15.10 billion, a P/E ratio of 6.94 and a beta of 0.95.

Institutional Investors Weigh In On Joint Stock Company Kaspi.kz

Several institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in Joint Stock Company Kaspi.kz during the 1st quarter valued at $110,000. Renaissance Capital LLC raised its holdings in Joint Stock Company Kaspi.kz by 6.7% in the 2nd quarter. Renaissance Capital LLC now owns 65,635 shares of the company's stock worth $5,572,000 after purchasing an additional 4,111 shares in the last quarter. Driehaus Capital Management LLC raised its holdings in Joint Stock Company Kaspi.kz by 24.8% in the 1st quarter. Driehaus Capital Management LLC now owns 40,075 shares of the company's stock worth $3,721,000 after purchasing an additional 7,951 shares in the last quarter. Flossbach Von Storch SE raised its holdings in Joint Stock Company Kaspi.kz by 66.7% in the 1st 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 in the last quarter. Finally, SG Americas Securities LLC raised its holdings in Joint Stock Company Kaspi.kz by 70.1% in the 2nd quarter. SG Americas Securities LLC now owns 28,637 shares of the company's stock worth $2,431,000 after purchasing an additional 11,805 shares in the last quarter. Hedge funds and other institutional investors own 32.20% of the company's stock.

Joint Stock Company Kaspi.kz Company Profile

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.

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