Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Upgraded at The Goldman Sachs Group

Key Points

• The Goldman Sachs Group upgraded Joint Stock Company Kaspi.kz from a neutral rating to a buy rating, setting a price objective of $107.00, indicating a potential upside of 39.23% from the previous close.
• Currently, the stock has a consensus rating of Hold with an average price target of $118.25, amidst mixed ratings from other analysts.
• Joint Stock Company Kaspi.kz operates in payments, marketplace, and fintech solutions in Kazakhstan and has notable institutional ownership, with 32.20% of its stock held by institutional investors.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Get Free Report) was upgraded by stock analysts at The Goldman Sachs Group from a "neutral" rating to a "buy" rating in a report released on Wednesday, Marketbeat Ratings reports. The firm presently has a $107.00 price objective on the stock. The Goldman Sachs Group's price objective indicates a potential upside of 39.23% from the company's previous close.

KSPI has been the subject of a number of other reports. Zacks Research upgraded shares of Joint Stock Company Kaspi.kz from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 30th. Weiss Ratings restated a "sell (d+)" rating on shares of Joint Stock Company Kaspi.kz in a report on Saturday, September 27th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $96.00 target price on shares of Joint Stock Company Kaspi.kz in a research note on Wednesday, August 20th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $118.25.

Joint Stock Company Kaspi.kz Stock Down 1.0%

KSPI stock opened at $76.85 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.01 and a quick ratio of 1.01. Joint Stock Company Kaspi.kz has a 52-week low of $75.90 and a 52-week high of $116.84. The company has a 50-day moving average of $87.90 and a two-hundred day moving average of $86.46. The stock has a market capitalization of $15.33 billion, a price-to-earnings ratio of 7.05 and a beta of 0.95.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KSPI. Sumitomo Mitsui Trust Group Inc. lifted its stake in Joint Stock Company Kaspi.kz by 8.5% during the first 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 period. Flossbach Von Storch SE lifted its stake in 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. Baillie Gifford & Co. lifted its stake in Joint Stock Company Kaspi.kz by 17.1% during the first quarter. Baillie Gifford & Co. now owns 5,260,033 shares of the company's stock worth $488,394,000 after purchasing an additional 768,529 shares during the period. Nikko Asset Management Americas Inc. lifted its stake in Joint Stock Company Kaspi.kz by 8.5% during the first quarter. Nikko Asset Management Americas Inc. now owns 313,545 shares of the company's stock worth $29,113,000 after purchasing an additional 24,616 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of Joint Stock Company Kaspi.kz during the first quarter worth approximately $110,000. 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.

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