Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Receives Sell (D+) Rating from Weiss Ratings

Key Points

• Joint Stock Company Kaspi.kz has received a "sell (D+)" rating from Weiss Ratings, despite a consensus rating of "Hold" among analysts.
• Recent upgrades include a shift from "strong sell" to "hold" by Zacks Research, and a move from "neutral" to "buy" by Goldman Sachs with a price target of $107.00.
• Institutional investors currently own 32.20% of Kaspi.kz's stock, reflecting varying levels of investment activity among hedge funds.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Get Free Report)'s stock had its "sell (d+)" rating reiterated by investment analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

KSPI has been the topic of several other research reports. Zacks Research upgraded shares of 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 shares of Joint Stock Company Kaspi.kz from a "neutral" rating to a "buy" rating and set a $107.00 price target on the stock in a research report on Wednesday. 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 research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $118.25.

Joint Stock Company Kaspi.kz Stock Performance

NASDAQ KSPI opened at $77.24 on Wednesday. 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 firm has a market capitalization of $15.41 billion, a price-to-earnings ratio of 7.09 and a beta of 0.95. The firm's 50 day simple moving average is $87.81 and its 200 day simple moving average is $86.40. Joint Stock Company Kaspi.kz has a 1 year low of $75.90 and a 1 year high of $116.84.

Institutional Trading of Joint Stock Company Kaspi.kz

Hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new stake in Joint Stock Company Kaspi.kz in the first quarter valued at approximately $110,000. Flossbach Von Storch SE lifted its holdings 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 purchasing an additional 10,000 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Joint Stock Company Kaspi.kz by 70.1% during the second 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 during the period. Driehaus Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 7,951 shares during the period. Finally, Renaissance Capital LLC lifted its holdings in shares of 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 purchasing an additional 4,111 shares during the period. Institutional investors and hedge funds 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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