Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Shares Down 1.5% - What's Next?

Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI - Get Free Report) shares dropped 1.5% during mid-day trading on Monday . The stock traded as low as $83.01 and last traded at $84.89. Approximately 260,651 shares traded hands during mid-day trading, a decline of 13% from the average daily volume of 297,904 shares. The stock had previously closed at $86.17.

Wall Street Analysts Forecast Growth

Separately, Susquehanna decreased their price objective on shares of Joint Stock Company Kaspi.kz from $140.00 to $130.00 and set a "positive" rating for the company in a report on Tuesday, May 13th.

Joint Stock Company Kaspi.kz Price Performance

The stock has a market capitalization of $16.94 billion, a P/E ratio of 8.15 and a beta of 1.06. The company has a 50 day moving average of $84.93 and a 200-day moving average of $92.03. 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

A number of institutional investors have recently modified their holdings of KSPI. Baillie Gifford & Co. lifted its stake in 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 buying an additional 768,529 shares during the last quarter. Marshall Wace LLP boosted its stake in Joint Stock Company Kaspi.kz by 1,095.0% during the 4th quarter. Marshall Wace LLP now owns 125,241 shares of the company's stock valued at $11,862,000 after purchasing an additional 114,761 shares during the period. Nikko Asset Management Americas Inc. boosted its stake in Joint Stock Company Kaspi.kz by 8.5% during the 1st 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. Sumitomo Mitsui Trust Group Inc. grew its position in Joint Stock Company Kaspi.kz by 8.5% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 313,992 shares of the company's stock worth $29,154,000 after purchasing an additional 24,616 shares during the last quarter. Finally, Flossbach Von Storch SE increased its stake in shares of Joint Stock Company Kaspi.kz by 66.7% in the first 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 during the period. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.