Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Shares Gap Down - Time to Sell?

Key Points

• Joint Stock Company Kaspi.kz (NASDAQ:KSPI) experienced a significant gap down, opening at $84.25 after closing at $87.24, with recent trading at $84.15.
• Analysts have adjusted their ratings for Kaspi.kz, with Susquehanna lowering the target price from $140 to $130 and JPMorgan maintaining a "neutral" rating with a target price of $96.
• Institutional investors are actively involved, with notable increases in holdings from firms such as Russell Investments Group and SG Americas Securities, collectively representing 32.20% of the stock ownership.

Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $87.24, but opened at $84.25. Joint Stock Company Kaspi.kz shares last traded at $84.15, with a volume of 196,768 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reissued a "neutral" rating and set a $96.00 target price on shares of Joint Stock Company Kaspi.kz in a research note on Wednesday, August 20th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $122.00.

Joint Stock Company Kaspi.kz Stock Down 0.6%

The firm has a market cap of $16.84 billion, a P/E ratio of 7.74 and a beta of 1.09. The business's fifty day moving average price is $88.44 and its two-hundred day moving average price is $88.42. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.03.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in Joint Stock Company Kaspi.kz in the 1st quarter worth $110,000. Flossbach Von Storch SE raised its holdings in Joint Stock Company Kaspi.kz by 66.7% in the 1st quarter. Flossbach Von Storch SE now owns 25,000 shares of the company's stock worth $2,321,000 after acquiring an additional 10,000 shares during the period. SG Americas Securities LLC increased 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 worth $2,431,000 after purchasing an additional 11,805 shares during the period. Driehaus Capital Management LLC increased 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 worth $3,721,000 after purchasing an additional 7,951 shares during the period. Finally, Renaissance Capital LLC increased 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 worth $5,572,000 after purchasing an additional 4,111 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.