Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Stock Price Up 4.7% - Should You Buy?

Key Points

• Kaspi.kz's stock price increased by 4.7% to $88.72, although trading volume was down by 56% compared to its average.
• JPMorgan Chase & Co. maintains a "neutral" rating on the stock with a price target of $96.00, while the consensus rating remains a "Moderate Buy" with a target of $122.00.
• Institutional investors own 32.20% of Kaspi.kz's shares, with notable increases in holdings from several hedge funds in recent quarters.

Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI - Get Free Report)'s share price rose 4.7% during mid-day trading on Wednesday . The stock traded as high as $88.80 and last traded at $88.72. Approximately 139,376 shares were traded during trading, a decline of 56% from the average daily volume of 313,471 shares. The stock had previously closed at $84.73.

Wall Street Analyst Weigh In

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

Joint Stock Company Kaspi.kz Stock Up 5.6%

The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.03. The firm has a market cap of $17.84 billion, a PE ratio of 8.21 and a beta of 1.09. The firm's 50 day moving average is $88.51 and its 200-day moving average is $88.04.

Hedge Funds Weigh In On Joint Stock Company Kaspi.kz

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