Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Upgraded at Zacks Research

Zacks Research upgraded shares of Joint Stock Company Kaspi.kz (NASDAQ:KSPI) from a strong sell rating to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

Separately, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $96.00 target price 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 two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $122.00.

Joint Stock Company Kaspi.kz Stock Performance

Shares of Joint Stock Company Kaspi.kz stock opened at $79.08 on Tuesday. Joint Stock Company Kaspi.kz has a one year low of $75.90 and a one year high of $116.84. The firm has a market capitalization of $15.78 billion, a price-to-earnings ratio of 7.26 and a beta of 0.95. The business has a 50-day simple moving average of $88.35 and a 200 day simple moving average of $86.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.01 and a quick ratio of 1.01.

Hedge Funds Weigh In On Joint Stock Company Kaspi.kz

A number of hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio boosted its stake in shares of Joint Stock Company Kaspi.kz by 9.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 147,485 shares of the company’s stock worth $12,520,000 after buying an additional 13,113 shares during the last quarter. Driehaus Capital Management LLC boosted its stake in shares of Joint Stock Company Kaspi.kz by 24.8% in the 1st quarter. Driehaus Capital Management LLC now owns 40,075 shares of the company’s stock worth $3,721,000 after buying an additional 7,951 shares during the last quarter. Nikko Asset Management Americas Inc. boosted its stake in shares of Joint Stock Company Kaspi.kz by 8.5% in the 1st quarter. Nikko Asset Management Americas Inc. now owns 313,545 shares of the company’s stock worth $29,113,000 after buying an additional 24,616 shares during the last quarter. Baillie Gifford & Co. boosted its stake in shares of Joint Stock Company Kaspi.kz by 17.1% in the 1st quarter. Baillie Gifford & Co. now owns 5,260,033 shares of the company’s stock worth $488,394,000 after buying an additional 768,529 shares during the last quarter. Finally, Renaissance Capital LLC boosted its stake in shares of Joint Stock Company Kaspi.kz by 6.7% in the 2nd quarter. Renaissance Capital LLC now owns 65,635 shares of the company’s stock worth $5,572,000 after buying an additional 4,111 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.