Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Trading 8% Higher – Still a Buy?

Shares of Joint Stock Company Kaspi.kz (NASDAQ:KSPI) were up 8% during mid-day trading on Wednesday . The company traded as high as $101.36 and last traded at $103.12. Approximately 231,836 shares traded hands during trading, an increase of 3% from the average daily volume of 224,295 shares. The stock had previously closed at $95.49.

Analysts Set New Price Targets

A number of analysts have weighed in on KSPI shares. JPMorgan Chase & Co. reduced their price target on shares of Joint Stock Company Kaspi.kz from $154.00 to $137.00 and set an “overweight” rating for the company in a report on Monday, December 2nd. Citigroup began coverage on Joint Stock Company Kaspi.kz in a research report on Monday, November 4th. They set a “buy” rating and a $140.00 target price on the stock. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $147.20.

Joint Stock Company Kaspi.kz Trading Up 7.3 %

The firm’s 50-day moving average price is $98.42 and its two-hundred day moving average price is $109.23. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.04.

Institutional Trading of Joint Stock Company Kaspi.kz

Institutional investors have recently bought and sold shares of the stock. Flossbach Von Storch SE boosted its stake in shares of Joint Stock Company Kaspi.kz by 20.0% in the 4th quarter. Flossbach Von Storch SE now owns 15,000 shares of the company’s stock valued at $1,421,000 after purchasing an additional 2,500 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Joint Stock Company Kaspi.kz during the 3rd quarter valued at about $7,942,000. Renaissance Capital LLC grew its stake in Joint Stock Company Kaspi.kz by 839.0% during the third quarter. Renaissance Capital LLC now owns 96,058 shares of the company’s stock worth $10,181,000 after buying an additional 85,828 shares during the last quarter. Finally, Baillie Gifford & Co. increased its holdings in shares of Joint Stock Company Kaspi.kz by 39.0% during the third quarter. Baillie Gifford & Co. now owns 4,649,484 shares of the company’s stock worth $492,799,000 after buying an additional 1,305,625 shares in the last quarter. Institutional investors and hedge funds own 32.20% of the company’s stock.

Joint Stock Company Kaspi.kz Company Profile

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.