Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Shares Up 8.3% – Should You Buy?

Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI)’s share price rose 8.3% during mid-day trading on Monday . The company traded as high as $76.68 and last traded at $76.4250. Approximately 420,563 shares changed hands during mid-day trading, a decline of 9% from the average daily volume of 463,273 shares. The stock had previously closed at $70.59.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Susquehanna lowered shares of Joint Stock Company Kaspi.kz from a “positive” rating to a “neutral” rating and set a $87.00 price objective on the stock. in a research report on Monday, February 2nd. Weiss Ratings reissued a “sell (d+)” rating on shares of Joint Stock Company Kaspi.kz in a research report on Monday, December 29th. Finally, Zacks Research upgraded Joint Stock Company Kaspi.kz from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Joint Stock Company Kaspi.kz presently has an average rating of “Hold” and an average price target of $96.67.

Joint Stock Company Kaspi.kz Stock Performance

The company has a fifty day simple moving average of $76.98 and a two-hundred day simple moving average of $78.86. The stock has a market capitalization of $14.59 billion, a price-to-earnings ratio of 6.59 and a beta of 0.93.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. raised its position in Joint Stock Company Kaspi.kz by 1,518.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 869,201 shares of the company’s stock worth $70,996,000 after purchasing an additional 815,509 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Joint Stock Company Kaspi.kz by 21.4% in the fourth quarter. Russell Investments Group Ltd. now owns 186,320 shares of the company’s stock valued at $14,557,000 after buying an additional 32,820 shares during the period. Amova Asset Management Americas Inc. increased its stake in shares of Joint Stock Company Kaspi.kz by 8.6% in the third quarter. Amova Asset Management Americas Inc. now owns 323,903 shares of the company’s stock valued at $26,476,000 after buying an additional 25,594 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position 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 acquiring an additional 24,278 shares during the last quarter. Finally, Renaissance Capital LLC lifted its stake 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 worth $7,331,000 after acquiring an additional 24,115 shares during the period. 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.