Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Hits New 1-Year Low – Should You Sell?

Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI)’s stock price reached a new 52-week low on Friday . The company traded as low as $70.10 and last traded at $70.7740, with a volume of 121083 shares traded. The stock had previously closed at $71.29.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KSPI. Weiss Ratings reissued a “sell (d+)” rating on shares of Joint Stock Company Kaspi.kz in a research note on Monday, December 29th. Susquehanna cut Joint Stock Company Kaspi.kz from a “positive” rating to a “neutral” rating and set a $87.00 target price on the stock. in a report on Monday, February 2nd. Finally, Zacks Research raised Joint Stock Company Kaspi.kz from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Joint Stock Company Kaspi.kz presently has an average rating of “Hold” and a consensus price target of $96.67.

Joint Stock Company Kaspi.kz Stock Down 1.0%

The stock has a 50 day simple moving average of $77.07 and a 200 day simple moving average of $79.26. The company has a market cap of $14.08 billion, a price-to-earnings ratio of 6.37 and a beta of 0.88.

Institutional Trading of Joint Stock Company Kaspi.kz

Large investors have recently bought and sold shares of the company. Advisory Services Network LLC lifted its position in shares of Joint Stock Company Kaspi.kz by 15.3% during the fourth quarter. Advisory Services Network LLC now owns 3,787 shares of the company’s stock worth $296,000 after purchasing an additional 502 shares in the last quarter. SG Americas Securities LLC acquired a new position in Joint Stock Company Kaspi.kz in the 4th quarter worth $306,000. North of South Capital LLP purchased a new position in Joint Stock Company Kaspi.kz in the 4th quarter valued at about $1,425,000. Renaissance Capital LLC boosted its position in Joint Stock Company Kaspi.kz by 36.7% in the 3rd quarter. Renaissance Capital LLC now owns 89,750 shares of the company’s stock valued at $7,331,000 after buying an additional 24,115 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of Joint Stock Company Kaspi.kz by 16.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 167,125 shares of the company’s stock worth $13,057,000 after acquiring an additional 23,500 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 is a leading financial technology and e-commerce group headquartered in Almaty, Kazakhstan. The company has built one of the country’s largest digital ecosystems, offering a suite of integrated services that span consumer banking, payments, online marketplaces and merchant acquiring. Through its mobile and web platforms, Kaspi.kz aims to simplify everyday financial and shopping activities for individuals and businesses across Kazakhstan.

The company’s core offerings include digital banking solutions such as deposit accounts, digital wallets and money transfers, alongside consumer lending products that enable point-of-sale financing and “buy now, pay later” purchases.