Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Stock Price Target Raised at Freedom Broker

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) had its target price raised by Freedom Broker from $93.00 to $101.00 in a research report released on Wednesday,Benzinga reports. They currently have a hold rating on the stock.

Other analysts have also recently issued research reports about the company. Susquehanna increased their target price on Joint Stock Company Kaspi.kz from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, August 12th. Weiss Ratings upgraded shares of Joint Stock Company Kaspi.kz from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, September 8th. Zacks Research cut shares of Joint Stock Company Kaspi.kz from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. Finally, Wolfe Research upped their price objective on Joint Stock Company Kaspi.kz from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, August 25th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Joint Stock Company Kaspi.kz has an average rating of “Hold” and a consensus target price of $105.33.

Joint Stock Company Kaspi.kz Price Performance

NASDAQ:KSPI opened at $89.44 on Wednesday. The firm has a 50-day moving average of $95.14 and a two-hundred day moving average of $86.93. The stock has a market cap of $17.00 billion, a P/E ratio of 8.14 and a beta of 1.07. Joint Stock Company Kaspi.kz has a 1-year low of $68.59 and a 1-year high of $109.94.

Institutional Investors Weigh In On Joint Stock Company Kaspi.kz

Several hedge funds have recently made changes to their positions in KSPI. FNY Investment Advisers LLC increased its position in Joint Stock Company Kaspi.kz by 52.3% in the 2nd quarter. FNY Investment Advisers LLC now owns 789 shares of the company’s stock worth $68,000 after purchasing an additional 271 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Joint Stock Company Kaspi.kz in the 2nd quarter worth approximately $41,000. EverSource Wealth Advisors LLC lifted its holdings in Joint Stock Company Kaspi.kz by 2,683.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 501 shares of the company’s stock worth $37,000 after purchasing an additional 483 shares during the last quarter. Ramsey Quantitative Systems acquired a new stake in Joint Stock Company Kaspi.kz in the 2nd quarter worth approximately $159,000. Finally, North of South Capital LLP boosted its position in Joint Stock Company Kaspi.kz by 1.2% during the third quarter. North of South Capital LLP now owns 999,374 shares of the company’s stock worth $94,001,000 after purchasing an additional 11,984 shares during the period. Hedge funds and other institutional investors own 32.20% of the company’s stock.

Joint Stock Company Kaspi.kz Company Profile

Joint Stock Company Kaspi.kz is a Kazakhstan-based technology and financial services company that operates a digital ecosystem through its Kaspi.kz super app. Its services connect consumers, merchants and financial institutions across everyday shopping and financial activities. The company’s offerings include an online marketplace, digital payments and financial products such as consumer loans, deposits and merchant services. It also provides services such as travel booking through its platform.