Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Rating Increased to Hold at Zacks Research

Key Points

• Joint Stock Company Kaspi.kz was upgraded from a "strong sell" to a "hold" rating by Zacks Research, signaling improved investor sentiment.
• JPMorgan Chase & Co. maintained a "neutral" rating with a target price of $96.00, while the consensus target price for the stock is $122.00.
• Institutional investors hold 32.20% of the company's stock, reflecting growing interest as several hedge funds increased their holdings significantly in recent quarters.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Get Free Report) was upgraded by stock analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued on Tuesday,Zacks.com reports.

Separately, JPMorgan Chase & Co. restated a "neutral" rating and set a $96.00 target price on shares of Joint Stock Company Kaspi.kz in a report on Wednesday, August 20th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Joint Stock Company Kaspi.kz currently has a consensus rating of "Moderate Buy" and a consensus target price of $122.00.

Joint Stock Company Kaspi.kz Price Performance

Shares of KSPI opened at $79.60 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.03. Joint Stock Company Kaspi.kz has a 1 year low of $75.90 and a 1 year high of $116.84. The stock has a market cap of $15.88 billion, a P/E ratio of 7.30 and a beta of 0.96. The stock's 50-day moving average price is $88.49 and its two-hundred day moving average price is $87.04.

Hedge Funds Weigh In On Joint Stock Company Kaspi.kz

Institutional investors have recently modified their holdings of the business. Quantbot Technologies LP bought a new position in shares of Joint Stock Company Kaspi.kz during the 1st quarter valued at about $110,000. Flossbach Von Storch SE lifted its holdings in shares of Joint Stock Company Kaspi.kz by 66.7% during the 1st quarter. Flossbach Von Storch SE now owns 25,000 shares of the company's stock valued at $2,321,000 after purchasing an additional 10,000 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Joint Stock Company Kaspi.kz by 70.1% during the 2nd quarter. SG Americas Securities LLC now owns 28,637 shares of the company's stock valued at $2,431,000 after purchasing an additional 11,805 shares in the last quarter. Driehaus Capital Management LLC lifted its holdings in shares of Joint Stock Company Kaspi.kz by 24.8% during the 1st quarter. Driehaus Capital Management LLC now owns 40,075 shares of the company's stock valued at $3,721,000 after purchasing an additional 7,951 shares in the last quarter. Finally, Renaissance Capital LLC lifted its holdings in shares of Joint Stock Company Kaspi.kz by 6.7% during the 2nd quarter. Renaissance Capital LLC now owns 65,635 shares of the company's stock valued at $5,572,000 after purchasing an additional 4,111 shares in the last quarter. Institutional investors own 32.20% of the company's stock.

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.

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