Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) Receives Average Rating of "Hold" from Analysts

Key Points

• Joint Stock Company Kaspi.kz (NASDAQ:KSPI) has received an average analyst rating of "Hold", with one sell, two hold, and three buy recommendations from six covering firms.
• The average 12-month price target for Kaspi.kz shares is $118.25, with analysts from JPMorgan and Goldman Sachs recently adjusting their target prices amidst varying ratings.
• Institutional investors have increased their stakes in Kaspi.kz, owning 32.20% of the company's stock, with significant growth in holdings reported by several investment firms.

Shares of Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI - Get Free Report) have earned a consensus rating of "Hold" from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $118.25.

Several equities research analysts have recently weighed in on KSPI shares. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $96.00 target price on shares of Joint Stock Company Kaspi.kz in a report on Wednesday, August 20th. Zacks Research raised 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 reaffirmed a "sell (d+)" rating on shares of Joint Stock Company Kaspi.kz in a report on Saturday, September 27th. Finally, The Goldman Sachs Group raised shares of Joint Stock Company Kaspi.kz from a "neutral" rating to a "buy" rating and set a $107.00 target price on the stock in a report on Wednesday.

Institutional Investors Weigh In On Joint Stock Company Kaspi.kz

Hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio grew its holdings in Joint Stock Company Kaspi.kz by 9.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 147,485 shares of the company's stock worth $12,520,000 after acquiring an additional 13,113 shares during the last quarter. Driehaus Capital Management LLC grew its holdings 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 worth $3,721,000 after acquiring an additional 7,951 shares during the last quarter. Nikko Asset Management Americas Inc. grew its holdings 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 worth $29,113,000 after acquiring an additional 24,616 shares during the last quarter. Baillie Gifford & Co. grew its holdings in Joint Stock Company Kaspi.kz by 17.1% during the 1st quarter. Baillie Gifford & Co. now owns 5,260,033 shares of the company's stock worth $488,394,000 after acquiring an additional 768,529 shares during the last quarter. Finally, 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 worth $5,572,000 after acquiring an additional 4,111 shares during the last quarter. Institutional investors own 32.20% of the company's stock.

Joint Stock Company Kaspi.kz Stock Down 1.0%

KSPI opened at $76.85 on Wednesday. The firm's 50-day simple moving average is $87.90 and its 200-day simple moving average is $86.46. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.01 and a current ratio of 1.01. Joint Stock Company Kaspi.kz has a twelve month low of $75.90 and a twelve month high of $116.84. The firm has a market cap of $15.33 billion, a price-to-earnings ratio of 7.05 and a beta of 0.95.

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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