Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Sets New 12-Month Low - Here's What Happened

Key Points

• Joint Stock Company Kaspi.kz's share price reached a new 52-week low of $76.77 during trading, closing slightly higher at $77.06.
• Susquehanna has reduced their price target for the stock from $140.00 to $130.00, while maintaining a "positive" rating.
• Institutional investors hold 32.20% of Kaspi.kz's stock, with several firms increasing their stakes significantly in the recent quarter.

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 Friday . The stock traded as low as $76.77 and last traded at $77.06, with a volume of 58943 shares trading hands. The stock had previously closed at $78.90.

Analyst Ratings Changes

Separately, Susquehanna lowered their price target on Joint Stock Company Kaspi.kz from $140.00 to $130.00 and set a "positive" rating on the stock in a research report on Tuesday, May 13th.

Joint Stock Company Kaspi.kz Trading Up 2.7%

The firm has a market capitalization of $17.76 billion, a price-to-earnings ratio of 8.55 and a beta of 1.06. The business has a 50-day moving average of $84.01 and a two-hundred day moving average of $89.92. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.03.

Institutional Investors Weigh In On Joint Stock Company Kaspi.kz

Institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in Joint Stock Company Kaspi.kz during the first quarter valued at approximately $110,000. Geode Capital Management LLC boosted its holdings in Joint Stock Company Kaspi.kz by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 167,451 shares of the company's stock valued at $15,859,000 after purchasing an additional 1,440 shares in the last quarter. Renaissance Capital LLC boosted its holdings 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 valued at $5,572,000 after purchasing an additional 4,111 shares in the last quarter. Abacus FCF Advisors LLC bought a new position in shares of Joint Stock Company Kaspi.kz in the fourth quarter valued at approximately $684,000. Finally, Driehaus Capital Management LLC raised its stake in shares of Joint Stock Company Kaspi.kz by 24.8% in the first quarter. Driehaus Capital Management LLC now owns 40,075 shares of the company's stock valued at $3,721,000 after acquiring an additional 7,951 shares during the last quarter. 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.