Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Earns "Neutral" Rating from JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has reiterated a "Neutral" rating for Joint Stock Company Kaspi.kz, setting a target price of $96.00, which suggests a potential upside of 2.05% from its current price.
• Susquehanna has lowered its price objective for the company from $140.00 to $130.00 while maintaining a "positive" rating, contributing to a consensus rating of "Moderate Buy" among analysts.
• Institutional investors own approximately 32.20% of Kaspi.kz's stock, with several hedge funds increasing their stakes in the company in recent quarters.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Get Free Report)'s stock had its "neutral" rating restated by equities researchers at JPMorgan Chase & Co. in a research report issued on Wednesday, Marketbeat Ratings reports. They currently have a $96.00 target price on the stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 3.59% from the company's current price.

Separately, Susquehanna reduced their price target on shares of 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. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $122.00.

Joint Stock Company Kaspi.kz Price Performance

NASDAQ:KSPI traded up $0.13 on Wednesday, reaching $92.67. The stock had a trading volume of 38,440 shares, compared to its average volume of 309,500. The company has a market capitalization of $18.49 billion, a P/E ratio of 8.50 and a beta of 1.06. Joint Stock Company Kaspi.kz has a 1-year low of $75.90 and a 1-year high of $131.62. 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 stock has a fifty day moving average price of $86.60 and a 200-day moving average price of $89.65.

Hedge Funds Weigh In On Joint Stock Company Kaspi.kz

A number of institutional investors have recently modified their holdings of KSPI. Quantbot Technologies LP bought a new position in shares of Joint Stock Company Kaspi.kz in the first quarter worth about $110,000. Flossbach Von Storch SE lifted its holdings in Joint Stock Company Kaspi.kz by 66.7% in the first quarter. Flossbach Von Storch SE now owns 25,000 shares of the company's stock valued at $2,321,000 after buying an additional 10,000 shares during the period. SG Americas Securities LLC lifted its holdings in Joint Stock Company Kaspi.kz by 70.1% in the second quarter. SG Americas Securities LLC now owns 28,637 shares of the company's stock valued at $2,431,000 after buying an additional 11,805 shares during the period. Driehaus Capital Management LLC lifted its holdings in Joint Stock Company Kaspi.kz by 24.8% in the first quarter. Driehaus Capital Management LLC now owns 40,075 shares of the company's stock valued at $3,721,000 after buying an additional 7,951 shares during the period. Finally, Renaissance Capital LLC lifted its holdings in Joint Stock Company Kaspi.kz by 6.7% in the second quarter. Renaissance Capital LLC now owns 65,635 shares of the company's stock valued at $5,572,000 after buying an additional 4,111 shares during the period. 32.20% of the stock is owned by institutional investors.

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.