Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Now Covered by Citigroup

Citigroup assumed coverage on shares of Joint Stock Company Kaspi.kz (NASDAQ:KSPI) in a research report report published on Monday morning, MarketBeat.com reports. The firm issued a buy rating and a $140.00 target price on the stock.

Separately, JPMorgan Chase & Co. increased their price target on Joint Stock Company Kaspi.kz from $159.00 to $183.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $156.40.

Joint Stock Company Kaspi.kz Stock Up 4.1 %

Shares of NASDAQ:KSPI opened at $115.54 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.96 and a quick ratio of 0.96. The stock’s 50-day moving average price is $112.66 and its two-hundred day moving average price is $121.05. Joint Stock Company Kaspi.kz has a 12-month low of $85.02 and a 12-month high of $143.72.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) last released its quarterly earnings data on Tuesday, October 29th. The company reported $2.53 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.31). The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.34 billion. As a group, equities analysts expect that Joint Stock Company Kaspi.kz will post 11.19 EPS for the current fiscal year.

Joint Stock Company Kaspi.kz Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, November 20th were issued a dividend of $1.7565 per share. The ex-dividend date was Wednesday, November 20th.

Hedge Funds Weigh In On Joint Stock Company Kaspi.kz

A number of institutional investors have recently made changes to their positions in the business. ANTIPODES PARTNERS Ltd bought a new stake in shares of Joint Stock Company Kaspi.kz in the first quarter worth $128,000. Renaissance Capital LLC grew its holdings in Joint Stock Company Kaspi.kz by 36.5% during the 2nd quarter. Renaissance Capital LLC now owns 10,230 shares of the company’s stock worth $1,320,000 after acquiring an additional 2,738 shares in the last quarter. Driehaus Capital Management LLC increased its position in shares of Joint Stock Company Kaspi.kz by 6.8% in the 2nd quarter. Driehaus Capital Management LLC now owns 22,011 shares of the company’s stock worth $2,840,000 after purchasing an additional 1,400 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Joint Stock Company Kaspi.kz in the 1st quarter worth about $19,063,000. Finally, Baillie Gifford & Co. lifted its position in shares of Joint Stock Company Kaspi.kz by 191.5% during the second quarter. Baillie Gifford & Co. now owns 3,343,859 shares of the company’s stock worth $431,391,000 after purchasing an additional 2,196,646 shares during the last quarter. 0.09% of the stock is owned by institutional investors and hedge funds.

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.