Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Upgraded at Weiss Ratings

Weiss Ratings upgraded shares of Joint Stock Company Kaspi.kz (NASDAQ:KSPI) from a sell (d+) rating to a hold (c-) rating in a research report released on Saturday,Weiss Ratings reports.

Other analysts have also recently issued reports about the company. The Goldman Sachs Group raised Joint Stock Company Kaspi.kz from a “neutral” rating to a “buy” rating and set a $107.00 price objective for the company in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $96.00 price objective on shares of Joint Stock Company Kaspi.kz in a research report on Wednesday, August 20th. Finally, Zacks Research raised Joint Stock Company Kaspi.kz from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 30th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $118.25.

Joint Stock Company Kaspi.kz Stock Up 2.3%

Joint Stock Company Kaspi.kz stock opened at $76.80 on Friday. Joint Stock Company Kaspi.kz has a twelve month low of $72.22 and a twelve month high of $116.55. The stock has a 50 day moving average of $83.60 and a two-hundred day moving average of $84.95. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $15.32 billion, a price-to-earnings ratio of 7.05 and a beta of 0.95.

Institutional Trading of Joint Stock Company Kaspi.kz

Several hedge funds have recently modified their holdings of KSPI. Quantbot Technologies LP acquired a new stake in shares of Joint Stock Company Kaspi.kz in the 1st quarter valued at approximately $110,000. Flossbach Von Storch SE raised its holdings 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 last quarter. SG Americas Securities LLC boosted its position in Joint Stock Company Kaspi.kz by 70.1% during the second quarter. SG Americas Securities LLC now owns 28,637 shares of the company’s stock worth $2,431,000 after purchasing an additional 11,805 shares in the last quarter. Driehaus Capital Management LLC boosted its position in Joint Stock Company Kaspi.kz by 24.8% during the first quarter. Driehaus Capital Management LLC now owns 40,075 shares of the company’s stock worth $3,721,000 after purchasing an additional 7,951 shares in the last quarter. Finally, Renaissance Capital LLC boosted its position in Joint Stock Company Kaspi.kz by 6.7% during the second quarter. Renaissance Capital LLC now owns 65,635 shares of the company’s stock worth $5,572,000 after purchasing an additional 4,111 shares in the last quarter. 32.20% of the stock is owned by institutional investors and hedge funds.

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.