Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Price Target Raised to $100.00

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) had its target price upped by Susquehanna from $95.00 to $100.00 in a research report report published on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts also recently weighed in on KSPI. Zacks Research downgraded Joint Stock Company Kaspi.kz from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Joint Stock Company Kaspi.kz in a research note on Friday, August 7th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Joint Stock Company Kaspi.kz presently has a consensus rating of “Hold” and a consensus price target of $101.00.

Joint Stock Company Kaspi.kz Stock Down 0.8%

KSPI stock opened at $98.70 on Wednesday. The stock has a market capitalization of $18.76 billion, a price-to-earnings ratio of 8.99 and a beta of 0.97. Joint Stock Company Kaspi.kz has a 52-week low of $68.59 and a 52-week high of $100.99. The stock’s fifty day simple moving average is $87.85 and its 200-day simple moving average is $82.44.

Institutional Investors Weigh In On Joint Stock Company Kaspi.kz

A number of institutional investors have recently added to or reduced their stakes in KSPI. Euro Pacific Asset Management LLC acquired a new position in shares of Joint Stock Company Kaspi.kz in the 1st quarter valued at about $2,365,000. Capricorn Fund Managers Ltd increased its position in Joint Stock Company Kaspi.kz by 599.4% during the 1st quarter. Capricorn Fund Managers Ltd now owns 118,900 shares of the company’s stock worth $8,807,000 after purchasing an additional 101,900 shares in the last quarter. Ramsey Quantitative Systems purchased a new position in Joint Stock Company Kaspi.kz in the second quarter valued at approximately $159,000. SG Americas Securities LLC purchased a new position in Joint Stock Company Kaspi.kz in the fourth quarter valued at approximately $306,000. Finally, North of South Capital LLP acquired a new position in Joint Stock Company Kaspi.kz during the fourth quarter valued at approximately $1,425,000. Hedge funds and other institutional investors 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.