Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Upgraded to Hold at Zacks Research

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Other analysts have also issued research reports about the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Joint Stock Company Kaspi.kz in a research report on Monday, December 29th. Susquehanna cut 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 research note on Monday. Finally, The Goldman Sachs Group upgraded Joint Stock Company Kaspi.kz from a “neutral” rating to a “buy” rating and set a $107.00 price objective on the stock in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $96.67.

Joint Stock Company Kaspi.kz Stock Performance

Joint Stock Company Kaspi.kz stock opened at $76.07 on Monday. The company’s 50 day simple moving average is $78.15 and its 200-day simple moving average is $80.98. Joint Stock Company Kaspi.kz has a 1 year low of $70.61 and a 1 year high of $111.45. The company has a market capitalization of $15.18 billion, a price-to-earnings ratio of 6.86 and a beta of 0.88.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in Joint Stock Company Kaspi.kz in the 4th quarter valued at about $306,000. Renaissance Capital LLC increased its stake in shares of Joint Stock Company Kaspi.kz by 36.7% during the third 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. Sumitomo Mitsui Trust Group Inc. raised its holdings in 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 valued at $26,456,000 after acquiring an additional 24,278 shares in the last quarter. Amova Asset Management Americas Inc. lifted its stake in 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 worth $26,476,000 after acquiring an additional 25,594 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Joint Stock Company Kaspi.kz by 18.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 184,063 shares of the company’s stock worth $15,625,000 after acquiring an additional 29,283 shares in the last quarter. 32.20% of the stock is owned by institutional investors and hedge funds.

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.