Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Earns Buy Rating from Analysts at New Street Research

Analysts at New Street Research assumed coverage on shares of Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Get Free Report) in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm set a "buy" rating and a $175.00 price target on the stock. New Street Research's price objective would indicate a potential upside of 45.20% from the company's current price.

Other research analysts have also recently issued reports about the company. JPMorgan Chase & Co. assumed coverage on Joint Stock Company Kaspi.kz in a research report on Monday, March 11th. They set an "overweight" rating and a $159.00 price objective for the company. Susquehanna initiated coverage on shares of Joint Stock Company Kaspi.kz in a research note on Tuesday, February 27th. They issued a "positive" rating and a $154.00 price target on the stock. Finally, Wolfe Research began coverage on shares of Joint Stock Company Kaspi.kz in a research report on Tuesday, February 13th. They set an "outperform" rating and a $130.00 price objective for the company.

Joint Stock Company Kaspi.kz Price Performance

Shares of KSPI traded up $0.19 during midday trading on Tuesday, reaching $120.52. The stock had a trading volume of 122,737 shares, compared to its average volume of 353,942. The business has a fifty day moving average price of $116.61. Joint Stock Company Kaspi.kz has a 1-year low of $85.02 and a 1-year high of $136.17. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.04.

Institutional Investors Weigh In On Joint Stock Company Kaspi.kz

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. ANTIPODES PARTNERS Ltd purchased a new position in shares of Joint Stock Company Kaspi.kz during the first quarter worth approximately $128,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Joint Stock Company Kaspi.kz during the 1st quarter worth $64,051,000. Nikko Asset Management Americas Inc. purchased a new stake in shares of Joint Stock Company Kaspi.kz in the first quarter valued at about $64,051,000. Finally, Baillie Gifford & Co. acquired a new stake in shares of Joint Stock Company Kaspi.kz during the first quarter worth about $147,577,000. Hedge funds and other institutional investors own 0.09% 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.