Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Rating Lowered to “Hold” at Zacks Research

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Separately, Weiss Ratings raised Joint Stock Company Kaspi.kz from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Joint Stock Company Kaspi.kz currently has an average rating of “Hold” and a consensus price target of $96.67.

Joint Stock Company Kaspi.kz Stock Performance

Shares of KSPI opened at $88.78 on Thursday. The company’s 50 day moving average price is $86.74 and its 200 day moving average price is $81.33. Joint Stock Company Kaspi.kz has a 52 week low of $68.59 and a 52 week high of $99.20. The company has a market capitalization of $16.87 billion, a PE ratio of 8.19 and a beta of 0.99.

Institutional Trading of Joint Stock Company Kaspi.kz

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its stake in shares of Joint Stock Company Kaspi.kz by 2,683.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 501 shares of the company’s stock valued at $37,000 after purchasing an additional 483 shares during the last quarter. GAMMA Investing LLC bought a new stake in Joint Stock Company Kaspi.kz during the second quarter valued at $41,000. FNY Investment Advisers LLC grew its holdings in Joint Stock Company Kaspi.kz by 52.3% during the 2nd quarter. FNY Investment Advisers LLC now owns 789 shares of the company’s stock worth $68,000 after acquiring an additional 271 shares during the period. Ramsey Quantitative Systems acquired a new stake in Joint Stock Company Kaspi.kz during the 2nd quarter worth about $159,000. Finally, Advisory Services Network LLC raised its position in shares of Joint Stock Company Kaspi.kz by 15.3% in the 4th quarter. Advisory Services Network LLC now owns 3,787 shares of the company’s stock worth $296,000 after acquiring an additional 502 shares in the last quarter. 32.20% of the stock is owned by institutional investors.

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.