Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Reaches New 1-Year Low - Here's Why

Key Points

• Joint Stock Company Kaspi.kz's stock price fell to a new **52-week low** of **$73.15**, down from a previous close of **$74.60**, with a trading volume of **159,952 shares**.
• Analyst ratings show mixed opinions, with **Goldman Sachs upgrading** the stock from "neutral" to "buy" with a price target of **$107.00**, while **Weiss Ratings** maintains a "sell (d+)" rating.
• Institutional investors hold **32.20%** of the stock, with notable increases in holdings from **Public Employees Retirement System of Ohio** and **Driehaus Capital Management** during recent quarters.

Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $73.35 and last traded at $73.15, with a volume of 159952 shares changing hands. The stock had previously closed at $74.60.

Analyst Ratings Changes

A number of analysts have recently commented on KSPI shares. Zacks Research upgraded Joint Stock Company Kaspi.kz from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 30th. The Goldman Sachs Group upgraded Joint Stock Company Kaspi.kz from a "neutral" rating to a "buy" rating and set a $107.00 price objective for the company in a research report on Wednesday, October 8th. Weiss Ratings restated a "sell (d+)" rating on shares of Joint Stock Company Kaspi.kz in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $96.00 price target on shares of Joint Stock Company Kaspi.kz in a research report on Wednesday, August 20th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $118.25.

Joint Stock Company Kaspi.kz Trading Down 2.1%

The firm has a market cap of $14.57 billion, a PE ratio of 6.70 and a beta of 0.95. 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 business has a fifty day moving average price of $86.89 and a 200 day moving average price of $85.71.

Institutional Trading of Joint Stock Company Kaspi.kz

Hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio lifted its holdings in shares of Joint Stock Company Kaspi.kz by 9.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 147,485 shares of the company's stock valued at $12,520,000 after buying an additional 13,113 shares during the period. Driehaus Capital Management LLC increased its position in Joint Stock Company Kaspi.kz by 24.8% during the first quarter. Driehaus Capital Management LLC now owns 40,075 shares of the company's stock worth $3,721,000 after buying an additional 7,951 shares in the last quarter. Renaissance Capital LLC increased its position in Joint Stock Company Kaspi.kz by 6.7% during the second quarter. Renaissance Capital LLC now owns 65,635 shares of the company's stock worth $5,572,000 after buying an additional 4,111 shares in the last quarter. Nikko Asset Management Americas Inc. grew its position in shares of Joint Stock Company Kaspi.kz by 8.5% in the first quarter. Nikko Asset Management Americas Inc. now owns 313,545 shares of the company's stock valued at $29,113,000 after purchasing an additional 24,616 shares during the period. Finally, Baillie Gifford & Co. grew its position in shares of Joint Stock Company Kaspi.kz by 17.1% in the first quarter. Baillie Gifford & Co. now owns 5,260,033 shares of the company's stock valued at $488,394,000 after purchasing an additional 768,529 shares during the period. 32.20% of the stock is owned by institutional investors and hedge funds.

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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