Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Shares Gap Up - Should You Buy?

Key Points

• Joint Stock Company Kaspi.kz shares opened at $83.51, significantly higher than the previous close of $76.16, reflecting a positive market response.
• Wall Street analysts have lowered the price target for Kaspi.kz from $140.00 to $130.00, while maintaining a "positive" rating for the company.
• Institutional investors own 32.20% of Kaspi.kz's stock, with significant recent investments from hedge funds, indicating continued interest in the company.

Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $76.16, but opened at $83.51. Joint Stock Company Kaspi.kz shares last traded at $82.52, with a volume of 97,359 shares trading hands.

Analyst Ratings Changes

Separately, Susquehanna reduced their price objective 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 Down 0.7%

The firm has a market cap of $17.65 billion, a price-to-earnings ratio of 8.49 and a beta of 1.06. The company has a 50-day moving average price of $84.14 and a 200 day moving average price of $89.91. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.03.

Hedge Funds Weigh In On Joint Stock Company Kaspi.kz

Large investors have recently made changes to their positions in the business. Geode Capital Management LLC grew its stake in shares of Joint Stock Company Kaspi.kz by 0.9% in the 4th 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 during the period. Abacus FCF Advisors LLC acquired a new stake in Joint Stock Company Kaspi.kz during the 4th quarter worth $684,000. Marshall Wace LLP raised 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 worth $11,862,000 after buying an additional 114,761 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of 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 valued at $29,154,000 after purchasing an additional 24,616 shares during the period. Finally, Flossbach Von Storch SE raised its stake in shares of 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 valued at $2,321,000 after purchasing an additional 10,000 shares during the period. Institutional investors and hedge funds 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.