Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Stock Price Expected to Rise, Susquehanna Analyst Says

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) had its price target lifted by stock analysts at Susquehanna from $95.00 to $100.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Susquehanna’s price target points to a potential upside of 2.22% from the stock’s previous close.

Other analysts have also issued research reports about the company. Zacks Research lowered Joint Stock Company Kaspi.kz from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Joint Stock Company Kaspi.kz in a research report on Friday. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $101.00.

Joint Stock Company Kaspi.kz Stock Up 2.6%

Shares of Joint Stock Company Kaspi.kz stock traded up $2.47 on Wednesday, hitting $97.83. The stock had a trading volume of 365,231 shares, compared to its average volume of 499,467. The stock’s 50-day simple moving average is $86.90 and its two-hundred day simple moving average is $82.03. Joint Stock Company Kaspi.kz has a one year low of $68.59 and a one year high of $99.20. The stock has a market cap of $18.59 billion, a price-to-earnings ratio of 9.02 and a beta of 0.97.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KSPI. FNY Investment Advisers LLC increased its position in Joint Stock Company Kaspi.kz by 52.3% in the second 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 bought a new stake in Joint Stock Company Kaspi.kz in the second quarter worth about $41,000. EverSource Wealth Advisors LLC boosted its position in shares of 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. Advisory Services Network LLC grew its stake in shares of Joint Stock Company Kaspi.kz by 15.3% during the fourth quarter. Advisory Services Network LLC now owns 3,787 shares of the company’s stock valued at $296,000 after buying an additional 502 shares during the last quarter. Finally, Ramsey Quantitative Systems bought a new stake in shares of Joint Stock Company Kaspi.kz during the 2nd quarter worth approximately $159,000. 32.20% of the stock is currently owned by institutional investors.

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.