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

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Other equities analysts 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 target for the company in a report on Wednesday, October 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Joint Stock Company Kaspi.kz in a report on Monday, December 29th. Finally, Susquehanna lowered shares of Joint Stock Company Kaspi.kz from a “positive” rating to a “neutral” rating and set a $87.00 price target on the stock. in a research note on Monday. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $96.67.

Joint Stock Company Kaspi.kz Price Performance

Shares of NASDAQ KSPI opened at $76.07 on Monday. Joint Stock Company Kaspi.kz has a 1 year low of $70.61 and a 1 year high of $111.45. The company has a market capitalization of $15.18 billion, a price-to-earnings ratio of 6.86 and a beta of 0.88. The business has a 50-day moving average of $78.15 and a two-hundred day moving average of $80.98.

Institutional Trading of Joint Stock Company Kaspi.kz

Several institutional investors and hedge funds have recently added to or reduced their stakes in KSPI. SG Americas Securities LLC acquired a new stake in Joint Stock Company Kaspi.kz during the 4th quarter worth approximately $306,000. Renaissance Capital LLC increased its holdings in shares of Joint Stock Company Kaspi.kz by 36.7% in the third quarter. Renaissance Capital LLC now owns 89,750 shares of the company’s stock valued at $7,331,000 after purchasing an additional 24,115 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Joint Stock Company Kaspi.kz by 8.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 323,903 shares of the company’s stock worth $26,456,000 after purchasing an additional 24,278 shares during the last quarter. Amova Asset Management Americas Inc. lifted its holdings in shares of Joint Stock Company Kaspi.kz by 8.6% during the third quarter. Amova Asset Management Americas Inc. now owns 323,903 shares of the company’s stock worth $26,476,000 after purchasing an additional 25,594 shares during the period. Finally, Russell Investments Group Ltd. grew its position 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 valued at $15,625,000 after buying an additional 29,283 shares during the last quarter. 32.20% of the stock is owned by hedge funds and other institutional investors.

Joint Stock Company Kaspi.kz Company Profile

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.