Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Rating Lowered to Neutral at Susquehanna

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) was downgraded by research analysts at Susquehanna from a “positive” rating to a “neutral” rating in a research note issued to investors on Monday, Marketbeat reports. They presently have a $87.00 target price on the stock. Susquehanna’s price target would indicate a potential upside of 14.37% from the company’s current price.

Other analysts also recently issued reports about the company. Zacks Research downgraded Joint Stock Company Kaspi.kz from a “hold” rating to a “strong sell” rating in a research report on Monday, December 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Joint Stock Company Kaspi.kz in a research note on Monday, December 29th. Finally, The Goldman Sachs Group raised shares of Joint Stock Company Kaspi.kz from a “neutral” rating to a “buy” rating and set a $107.00 price objective for the company in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $96.67.

Joint Stock Company Kaspi.kz Stock Performance

Shares of NASDAQ KSPI opened at $76.07 on Monday. Joint Stock Company Kaspi.kz has a fifty-two week low of $70.61 and a fifty-two week high of $111.45. The company has a market cap of $15.18 billion, a price-to-earnings ratio of 6.86 and a beta of 0.88. The business’s 50 day moving average price is $78.15 and its 200-day moving average price is $80.98.

Institutional Investors Weigh In On Joint Stock Company Kaspi.kz

Several large investors have recently modified their holdings of KSPI. Renaissance Capital LLC boosted 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 valued at $7,331,000 after purchasing an additional 24,115 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in Joint Stock Company Kaspi.kz by 8.1% during the 3rd 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. Russell Investments Group Ltd. increased its holdings in shares of Joint Stock Company Kaspi.kz by 18.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 184,063 shares of the company’s stock valued at $15,625,000 after acquiring an additional 29,283 shares during the period. SG Americas Securities LLC increased its holdings in shares of Joint Stock Company Kaspi.kz by 70.1% in the 2nd quarter. SG Americas Securities LLC now owns 28,637 shares of the company’s stock valued at $2,431,000 after acquiring an additional 11,805 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of Joint Stock Company Kaspi.kz by 1,518.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 869,201 shares of the company’s stock worth $70,996,000 after acquiring an additional 815,509 shares in the last quarter. Institutional investors own 32.20% of the company’s stock.

About Joint Stock Company Kaspi.kz

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.