Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Research Coverage Started at Citigroup

Citigroup started coverage on shares of Joint Stock Company Kaspi.kz (NASDAQ:KSPI) in a research report report published on Monday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $140.00 price objective on the stock.

Separately, JPMorgan Chase & Co. boosted their price objective on shares of Joint Stock Company Kaspi.kz from $159.00 to $183.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $156.40.

Joint Stock Company Kaspi.kz Stock Performance

Shares of NASDAQ:KSPI opened at $115.54 on Monday. Joint Stock Company Kaspi.kz has a 1-year low of $85.02 and a 1-year high of $143.72. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average price of $112.66 and a 200 day moving average price of $121.05.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) last announced its earnings results on Tuesday, October 29th. The company reported $2.53 earnings per share for the quarter, missing the consensus estimate of $2.84 by ($0.31). The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.34 billion. On average, equities analysts anticipate that Joint Stock Company Kaspi.kz will post 11.19 EPS for the current fiscal year.

Joint Stock Company Kaspi.kz Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, November 20th were issued a dividend of $1.7565 per share. The ex-dividend date was Wednesday, November 20th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in KSPI. ANTIPODES PARTNERS Ltd purchased a new stake in shares of Joint Stock Company Kaspi.kz in the first quarter valued at about $128,000. Renaissance Capital LLC grew its holdings in Joint Stock Company Kaspi.kz by 36.5% during the 2nd quarter. Renaissance Capital LLC now owns 10,230 shares of the company’s stock valued at $1,320,000 after buying an additional 2,738 shares during the last quarter. Driehaus Capital Management LLC increased its position in Joint Stock Company Kaspi.kz by 6.8% during the second quarter. Driehaus Capital Management LLC now owns 22,011 shares of the company’s stock worth $2,840,000 after buying an additional 1,400 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in Joint Stock Company Kaspi.kz during the first quarter worth $19,063,000. Finally, Baillie Gifford & Co. raised its holdings in shares of Joint Stock Company Kaspi.kz by 191.5% in the second quarter. Baillie Gifford & Co. now owns 3,343,859 shares of the company’s stock worth $431,391,000 after acquiring an additional 2,196,646 shares during the last quarter. 0.09% of the stock is owned by hedge funds and other institutional investors.

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.