Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Cut to Strong Sell at Zacks Research

Zacks Research lowered shares of Joint Stock Company Kaspi.kz (NASDAQ:KSPI) from a hold rating to a strong sell rating in a report released on Monday morning,Zacks.com reports.

KSPI has been the topic of several other reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $96.00 price objective on shares of Joint Stock Company Kaspi.kz in a report on Wednesday, August 20th. The Goldman Sachs Group upgraded shares of Joint Stock Company Kaspi.kz from a “neutral” rating to a “buy” rating and set a $107.00 target price for the company in a research report on Wednesday, October 8th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Joint Stock Company Kaspi.kz in a report on Monday. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Joint Stock Company Kaspi.kz currently has a consensus rating of “Hold” and a consensus target price of $111.00.

Joint Stock Company Kaspi.kz Stock Up 2.5%

Shares of NASDAQ KSPI opened at $75.33 on Monday. Joint Stock Company Kaspi.kz has a 52 week low of $70.61 and a 52 week high of $111.45. The business’s 50 day moving average price is $74.77 and its 200 day moving average price is $82.36. The firm has a market cap of $15.03 billion, a P/E ratio of 6.79 and a beta of 0.89.

Institutional Trading of Joint Stock Company Kaspi.kz

A number of hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its holdings in Joint Stock Company Kaspi.kz by 18.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 184,063 shares of the company’s stock worth $15,625,000 after buying an additional 29,283 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Joint Stock Company Kaspi.kz by 9.8% in the second quarter. Public Employees Retirement System of Ohio now owns 147,485 shares of the company’s stock valued at $12,520,000 after acquiring an additional 13,113 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of 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 worth $2,431,000 after acquiring an additional 11,805 shares during the last quarter. Renaissance Capital LLC increased its position in shares of 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. Finally, Driehaus Capital Management LLC raised its stake in 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 valued at $3,721,000 after purchasing an additional 7,951 shares during the last quarter. 32.20% of the stock is owned by hedge funds and other institutional investors.

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.