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

Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $69.90 and last traded at $70.0860, with a volume of 340873 shares changing hands. The stock had previously closed at $71.12.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KSPI. Susquehanna cut shares of Joint Stock Company Kaspi.kz from a “positive” rating to a “neutral” rating and set a $87.00 price objective for the company. in a report on Monday, February 2nd. Zacks Research upgraded shares of Joint Stock Company Kaspi.kz from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Joint Stock Company Kaspi.kz in a research note on Monday, December 29th. One investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $96.67.

Joint Stock Company Kaspi.kz Stock Performance

The firm has a market capitalization of $13.91 billion, a PE ratio of 6.29 and a beta of 0.93. The business’s fifty day simple moving average is $76.21 and its 200-day simple moving average is $78.13.

Institutional Trading of Joint Stock Company Kaspi.kz

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its position in Joint Stock Company Kaspi.kz by 1,518.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 869,201 shares of the company’s stock valued at $70,996,000 after acquiring an additional 815,509 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Joint Stock Company Kaspi.kz by 21.4% during the fourth quarter. Russell Investments Group Ltd. now owns 186,320 shares of the company’s stock worth $14,557,000 after purchasing an additional 32,820 shares during the last quarter. Amova Asset Management Americas Inc. boosted its stake 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 valued at $26,476,000 after purchasing an additional 25,594 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Joint Stock Company Kaspi.kz by 8.1% in 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. Finally, Renaissance Capital LLC increased its stake 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 worth $7,331,000 after buying an additional 24,115 shares during the period. 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.