Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Trading 4% Higher

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) traded up 4% during mid-day trading on Tuesday . The stock traded as high as $137.51 and last traded at $135.73. 28,585 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 309,923 shares. The stock had previously closed at $130.45.

Wall Street Analysts Forecast Growth

Separately, New Street Research assumed coverage on shares of Joint Stock Company Kaspi.kz in a research note on Tuesday, May 7th. They issued a “buy” rating and a $175.00 price objective for the company.

Joint Stock Company Kaspi.kz Price Performance

The business has a 50 day moving average price of $128.42. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.98 and a current ratio of 0.98.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $2.53 earnings per share for the quarter, missing the consensus estimate of $2.57 by ($0.04). The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.18 billion. On average, equities analysts forecast that Joint Stock Company Kaspi.kz will post 11.99 EPS for the current year.

Institutional Trading of Joint Stock Company Kaspi.kz

Several institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Capital LLC raised its stake in shares of Joint Stock Company Kaspi.kz by 36.5% during the second quarter. Renaissance Capital LLC now owns 10,230 shares of the company’s stock valued at $1,320,000 after acquiring an additional 2,738 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in Joint Stock Company Kaspi.kz during the first quarter valued at approximately $19,063,000. ANTIPODES PARTNERS Ltd purchased a new position in Joint Stock Company Kaspi.kz during the first quarter valued at approximately $128,000. Nikko Asset Management Americas Inc. purchased a new position in Joint Stock Company Kaspi.kz during the first quarter valued at approximately $64,051,000. Finally, Baillie Gifford & Co. purchased a new position in Joint Stock Company Kaspi.kz during the first quarter valued at approximately $147,577,000. Institutional investors own 0.09% of the company’s stock.

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.