Wolfe Research Boosts Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Price Target to $115.00

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) had its target price boosted by Wolfe Research from $110.00 to $115.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Wolfe Research’s target price would indicate a potential upside of 7.63% from the company’s current price.

Several other research analysts have also recently weighed in on KSPI. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Joint Stock Company Kaspi.kz in a research report on Friday, August 7th. Susquehanna boosted their price target on Joint Stock Company Kaspi.kz from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 12th. Finally, Zacks Research lowered shares of Joint Stock Company Kaspi.kz from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Joint Stock Company Kaspi.kz presently has a consensus rating of “Hold” and a consensus price target of $107.33.

Joint Stock Company Kaspi.kz Stock Up 0.4%

Shares of KSPI traded up $0.39 on Tuesday, hitting $106.84. The company’s stock had a trading volume of 305,858 shares, compared to its average volume of 503,113. The firm has a market capitalization of $20.30 billion, a price-to-earnings ratio of 9.73 and a beta of 0.97. Joint Stock Company Kaspi.kz has a fifty-two week low of $68.59 and a fifty-two week high of $107.99. The firm’s fifty day moving average price is $90.48 and its 200-day moving average price is $83.51.

Hedge Funds Weigh In On Joint Stock Company Kaspi.kz

Several institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC bought a new position in Joint Stock Company Kaspi.kz in the 2nd quarter valued at about $41,000. EverSource Wealth Advisors LLC grew its position in Joint Stock Company Kaspi.kz by 2,683.3% during the first quarter. EverSource Wealth Advisors LLC now owns 501 shares of the company’s stock valued at $37,000 after buying an additional 483 shares during the period. FNY Investment Advisers LLC grew its holdings in Joint Stock Company Kaspi.kz by 52.3% during the second quarter. FNY Investment Advisers LLC now owns 789 shares of the company’s stock valued at $68,000 after purchasing an additional 271 shares during the period. Ramsey Quantitative Systems purchased a new stake in Joint Stock Company Kaspi.kz in the 2nd quarter worth about $159,000. Finally, Advisory Services Network LLC increased its stake in shares of Joint Stock Company Kaspi.kz by 15.3% in the fourth quarter. Advisory Services Network LLC now owns 3,787 shares of the company’s stock worth $296,000 after purchasing an additional 502 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.